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Zimbabwe United Passenger Company (ZUPCO failed to account for ZW$ 3.4 billion in revenue it generated in urban areas because there was no submission of information raising the risk of possible fraud.
According to findings by the acting Audit General Rheah Kujinga in her report on state-owned parastatals for the year ended 31 December 2022 have shown that the parastatal has been struggling to account for the revenue generated from its operations in urban areas.
The report read that “l was unable to obtain sufficient appropriate audit evidence that management had properly accounted for urban revenue amounting to ZW$3.4 billion due to non-submission of information to support the reported figures.
Included in the cost of sales is diesel amounting to ZW$3.4 billion and operator fees ZW$2.6 billion, the system of control over the recording of diesel and expenses of minibuses operators fees was not effective.”
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