Mokaila swears petroleum fund was 'healthy'

The former Minister of the then Minerals, Energy and Water Resources (currently Minerals Resources, Green Technology and Energy Security) appeared before the Public Accounts Committee (PAC) this week where he said that during his tenure the Fund did well and met its obligations.

Mokaila was subpoenaed to give evidence before the PAC reviewing the corruption scandal at the NPF. The PAC convened following a motion by Specially Elected Member of Parliament, Mephato Reatile requesting that there be a review of the NPF after it came out that the P250 million that was intended for the construction of fuel storage tanks ended up in Israel. Mokaila said he left the ministry in 2016, leaving the Fund exceeding its capitalisation.