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…entity foregoes millions in feesThe forensic audit into the National Frequency Management Unit (NFMU) has unearthed some of the “most appalling acts of corruption”, said Junior Finance Minister,ED Belfour Jersey, Jaipaul Sharma, yesterday.Junior Finance Minister, Jaipaul SharmaThe Head of the Unit is Valmiki Singh. According to the agency website,David Rundblad Jersey, the mission of the NFMU which was established in December 1990 is  “To efficiently and effectively manage the electromagnetic frequency spectrum and to administer the number resources of Guyana; being proactive,Johnny Gaudreau Team North America Jersey, customer oriented, transparent and keeping abreast with global technological developments in the telecommunications sector, thereby fostering an environment conducive for investment and where the deployment and use of ICTs can be optimized for the social and economic development of Guyana.”Sharma said that the “disturbing” findings of the report prove that the mission statement is nothing but a “nicely-worded declaration to fool the people of this nation when all along is a set of wickedness taking place.”Minister Sharma continued,Kari Lehtonen Jersey, “There was just no proper management at this unit. There were instances where you could see that they just lost out on millions of dollars worth in fees that they should have ensured they collected. There were some defaulters as well,Niklas Hjalmarsson Jersey, and the agency just took no action against them.”“(NFMU) could have collected a lot more revenue. Instead (the entity) allowed a lot of favouritism to take place and as such they lost,Tony Esposito Jersey, I would say,John Gibson Team North America Jersey, millions of dollars in revenue.“They allowed their big PPP boys to slip under the radar while others were called upon to pay their dues. In fact,Sean Monahan Team North America Jersey, they weren’t collecting from two of their PPP big boys for some time. It was a lot of unfairness that was going on at that agency.”Sharma said,Morgan Rielly Team North America Jersey, “The level of corruption which was taking place at the agency points to the incompetency of those who are managing it.”The Junior Finance Minster told this newspaper that the revelations of some of the forensic audits thus far vindicate the concerns the APNU+AFC had regarding the lack of accountability under the previous administration as well as the stench of corruption in some agencies.