Red Flags in Walvis Bay N$234m housing scheme
By Hilary Mare
ADRAFT PwC audit report into an N$234 million Walvis Bay mass housing government project has raised a number of red flags including underestimation of land by N$18 million and overpaying contractors by at least N$12 million, Confidente can reveal.
The municipality of Walvis Bay was tasked by government to administer the Mass Housing Development Project, on government’s behalf, of which the aim was to develop affordable housing for potential first-time homeowners.
In total, 749 properties were developed by the municipality under this project.
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