Fokothi’s M28m student debt unexplained

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The Auditor-General has disclaimed an opinion on Lerotholi Polytechnic's 2025 financial statements due to an unexplained M28.2 million discrepancy in student debt, where the NMDS and Ministry of Education claim zero balances while the polytechnic's books show significant outstanding amounts. The audit also identified multiple unsupported balances unchanged for six years and a pending fraud case related to M31.2 million stolen in 2014, alongside separate findings of accounting failures at the National Drug Service Organisation and weaknesses in government development project implementation.


Source: Lesotho Times