Annual general report of the controller and - Parliament of Tanzania

equires records to be kept for a period of not less
than five years from the date of completion of the
contract and may be made available within a
reasonable time during that period to the Minister
and the Controller and Auditor General, the
Authority or any other officer authorized by the
accounting officer.
(d) Approval for Disposal of the Property
The Board of Trustee of NSSF on its 37 th meeting
held on December 18 th , 2006 approved the award of
this tender to the named bidder to purchase the
Executive Apartments at ADA Estate Kinondoni area
contrary to section 30 (d) of Public Procurement Act
of 2004 which specifies that Tender Board shall be
responsible for approving procurement and disposal
by tender. It is our opinion that by virtue of the
above section there is interference between Tender
Board and Board of Trustees in discharging their
mandatory responsibilities.
(e) Profile of the Acquiring Company
Seven Anchors Properties and Services Company
limited, the company which purchased the property,
was incorporated on 11 th day of October 2006 just
three weeks prior to advertisement of sale of the
apartments on 02-08 th November 2006. We are of the
opinion that the Fund did not consider the
company’s profile in terms of experience and
existence in business operation in such a short time.
Thus, casting doubts as to whether the company was
formed specifically to undertake this transaction.
(f) Sales Agreement
The sales agreement included, inter alia, the
following terms and conditions:-
___________________________________________________________
Office of the Controller and Auditor General PA&oBs 2007/08 158