Controller and Accountant General warns against loan sharks

Controller and Accountant General warns against loan sharks

Loans Chains 903

 

The Controller and Accountant General has warned the public against the activities of loan contractors purporting to be its staff and luring workers on government Payroll to apply for loans.

According to the CAGD, these persons who lure workers to apply for loans from institutions which transact business through the CAGD’s Third Party Reference System (TPRS), do so with the promise that government will repay the loan for them on maturity.

“The Department hereby states that it has not authorized any member of its staff to facilitate loan agreement for workers on government Payroll.

“Any Public/Civil Servant who needs loan must deal directly with the third party institutions concerned”, a statement issued by the CADG on Wednesday, signed by the Deputy Controller and Accountant General (Audit & Investigations), Wisdom Komlan Messan warned.

The Department further warned its staff to desist from the malpractice or face the law.

“The public is to note that the Department will not be liable for the consequences of any such transactions purported to have been negotiated by its members of staff”, it warned.

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