Meeting Minute- 5th NAFRMSC (National Advisory Fiduciary Risk Management Sub-Committee)
June 20, 2023
Chaired by the Secretary, Dr Krishna Hari Pushkar, MoFAGA
- The meeting acknowledged the progress update from the 4th NAFRMSC meeting, reflecting on the strides made since the last discussion.
- NAFRMSC was presented with the second quarter fiscal year 2022/23 report, which was duly noted and received.
- NAFRMSC was privy to the Third Party Monitoring (TPM) report for 2022/23, which was received and acknowledged.
- The updated PLGSP FRRAP/EMIP was presented to the NAFRMSC, which was received and acknowledged.
- The Audited Financial Report & recommendations for the fiscal year 2021-22 were received and noted. The NAFRMSC further directed the PCU to collaborate with OAG to produce consolidated audit reports for the PLGSP.
- In response to the audit report's findings and recommendations, the NAFRMSC directed the PLGSP to implement and report on suitable management actions.
- NAFRMSC meeting decided to inform the NEC meeting of the documents and decisions made during this meeting.
The Meeting Minute of 5th NAFRMSC is attached herewith, which includes:
- Desisions of 5th NAFRMSC
- Reflection of 4th NAFRMSC
- Progress update of PLGSP/ FRRAP and risk mitigation framework
- Progress Update
- DPs Comments
Click here to access the presentation slides of 5th NAFRMSC (including 8th NEC).