The National Youth Service (NYS) is seeking to track some 57,000 pieces of its equipment located in various parts of the country in order to stop theft.
This follows an audit report by Auditor General Nancy Gathungu that put the service on spot after revelations that it failed to track assets amounting to Sh430.22million,
“The statement of financial position reflects property, plant and equipment balance of Sh430.22 million as disclosed in the financial statements,” said the Auditor-General.
The agency had around 54,000 service men and women by June 2021 and owns extensive assets in its 22 field units across the country and 17 technical and vocational training institutes.
“As previously reported, the service did not maintain a complete and accurate asset register with information relating to the assets such as type of the asset, date of acquisition, supplier cost, location, code, current values, remaining useful life, and salvage value,” added the Auditor-General.
The service owned equipments are located in various parts of the country including Nairobi, Nakuru, and Taita Taveta.
“The scope of service involves tagging of all assets located in all NYS offices, departments, units and sub-units,” NYS stated.
NYS has in the past been hit with multi-billion shilling theft scandals and has recently been on the spot for inaccuracies in its accounting of land.