NWA – $1.74 Billion in management fees uncollected

JAMP Update

Response received from the National Works Agency on October 01, 2019 stated as follows:
Please be advised that the Agency’s last Audited Financial Statements was for Financial Year 2017/2018. Collection of Management Fees have improved in recent years that has enabled the Agency to meet its obligations to the Consolidated Fund. The Statement of Financial Position (SFP) for fiscal year 2017/2018 reflects an outstanding Surplus of JS284.459M payable to the Accountant General. This amount was settled in full in Financial Year 2018/2019.

We advise further that, as at September 11, 2019 the Agency has no outstanding payments in relation to the 50% net surplus owed to the Accountant General. Unfortunately, we are unable to provide you with a copy of our FY 2017/2018 Audited Financial Statements until such time that the Statements are tabled in the Parliament. As per protocol, we are currently working with our Portfolio Ministry to have this accomplished.

JAMP followed up once more in relation to the FY 2017/2018 Audited Financial Statements, and in a response dated March 3, 2021 the NWA indicated that the statements are still not yet tabled in the Parliament (see copy of letter below).

ATI Responses

• 2019 Response on NWA Outstanding Management Fees
• 2021 NWA Follow Up Response on Financial Statements for FY2017/2018