Tanzania: EPA scandal

(source: Guardian, 2008-05-23 10:03:59; by Njonanje Samwel)
Ernst & Young, the international auditing firm contracted by the government to screen the central bank`s accounts, revealed that payments amounting to 133bn/- were dubiously made to 22 domestic companies under External Payments Arrears (EPA) account scheme in 2005.

Some 90,359,078,804/- out of this was paid to 13 companies on the strength of fake or forged documents.

Another nine firms were said to have been paid an equivalent of 42,656,107,417/- without any documents to support their claims.