Tanzanian Association Oslo

Security in BoT

cash vaults compromised

- audit report

Bank of Tanzania (BoT) Twin Towers in Dar es Salaam

THISDAY REPORTER
Dar es Salaam

SOME money vaults at the Bank of Tanzania’s TwinTowers headquarters in Dar es Salaam and the central bank branch office in Mwanza do not have security cameras, hence compromising the safety of huge sums of stored cash, a new report has revealed.

’’Movements within the bank’s strong-rooms cannot be effectively monitored in the absence of security cameras, and this in turn increases the risk associated with fraudulent activities,’’ says the latest 2006/07 BoT audit report by Ernst & Young.

According to the report, a physical verification by auditors discovered that the (BoT) Mwanza branch strong rooms and the Dar es Salaam head office’s lower vault, where 1,000-shilling and 500-shilling denomination banknotes are stored, do not have security cameras.

It notes that the absence of such key surveillance equipment made it difficult for BoT security staff to ’’monitor movements and other activities inside the strong rooms, during and after working hours.’’

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