NAB, Sindh govt agree for appropriate changes in rules, procedures
RECORDER REPORT
KARACHI: National Accountability Bureau (NAB), Karachi and Cooperation Department, government of Sindh have agreed to work together and recommend appropriate changes in the rules and procedures related to the housing societies.
This was decided at a briefing given by Secretary Cooperation Department, Sindh Syed Naseem-ul-Ghani Sehto to Director General NAB Karachi Mohammad Altaf Bawany at NAB office here.
The briefing was conducted on matters related to cooperative societies that lead to commission of offences like cheating of public at large, usurpation of state lands and deprivation of large of numbers of innocent investors of their investment, caused by ineffective regulation of such societies, NAB statement said.
It was pointed out that non-availability of data regarding societies, delays in the appointment of administrators, absence of criteria for appointing administers, delays in the election for selecting the managing committees and poor management of records and manual maintenance etc were identified as the main constraints that were responsible for seriously affecting the performance of the department.
The NAB called upon authorities to take concrete measures to hold timely elections and appointment of administrators and conduct of annual audits of societies. It was mutually decided that the department will conduct detailed study and recommend changes in the rules and procedures related to the housing societies to fill the gaps that otherwise lead to corruption.
It was emphasized that poor regulation of cooperative societies has been a major cause of depriving poor segments of society of their hard earned money, which calls for a serious intervention by the government.
The NAB handed over to the Secretary an advice for the public published by NAB Rawalpindi for guidance and inclusion in study of recommendations and for dissemination.
The briefing was called under preventive provisions of National Accountability Ordinance 1999 and will be followed by periodic reviews by NAB on government’s steps of improvement, it added.
