BAMB under fire over unaccounted P196m COVID-19 funds
Friday, May 08, 2026 | 410 Views |
BAMB is facing growing scrutiny following a series of alarming audit findings that expose failures in financial accountability PIC: BAMB
The latest Auditor General's report for the year ended 31 March 2023 highlights unaccounted COVID-19 intervention funds, outstanding Strategic Grain Reserve (SGR) debt, missing reports and weaknesses in the management of public resources intended to safeguard national food security.
One of the most serious findings relates to P196,683,098 disbursed to BAMB on 8 October 2020 for the procurement of produce from local farmers to replenish the Strategic Grain Reserve during the COVID-19 pandemic. The funds were allocated as part of the government’s emergency response measures to strengthen food security and support farmers affected by the pandemic's economic impact.
“Betrayal hurts, but knowingwho was betraying hurts even more.”- Garima SoniWhat the men of Ditlharapa, Molete and neighbouring villages uncovered is a cross-border enterprise. The modus operandi, as the suspect himself reportedly confessed, is industrial: groups operating in multiple villages, fences cut with impunity, stolen goats walked into South Africa, warehoused at Makhubung, then sold in batches of 200 to a commercial farmer in...