DEADLINE: 19TH MAY, 2021
AFRICAN FERTILIZER AND AGRIBUSINESS PARTNERSHIP (AFAP)
REQUEST FOR EXPRESSIONS OF INTEREST (FINANCIAL AUDIT)
“AFFM GRANT FOR ENHANCEMENT OF FERTILIZER IMPORTATION AND DISTRIBUTION CAPACITY IN NIGERIA”
GRANT NUMBER: ML-0053
PROJECT ID No G-ZI-A00-ZZZ-018

The African Fertilizer and Agribusiness Partnership (AFAP) has received financing from the African Development Bank toward the cost of a Grant of Euro 370,000 for 2 years (March 1,2020 to February 28, 2022) to finance the, “AFFM Grant for Enhancement of Fertilizer Importation and Distribution Capacity in Nigeria” project to ensure availability and affordability of financing for the fertilizer value chain through the provision of credit guarantees to address the lack of affordable financing for the fertilizer value chain.” AFAP intends to apply part of the agreed amount for this grant to payments under the contract to conduct a financial audit. The audit will cover the period/fiscal year ending March 1, 2020 to February 28, 2021.

The objective of the audit is as follows:

  • Obtain limited assurance primarily by performing inquiry and analytical procedures about whether the financial statements as a whole are free from material misstatement, thereby enabling the practitioner to express a conclusion on whether anything has come to the his/her, attention that causes the him/her practitioner to believe that the financial statements are not prepared in all material respects in accordance with an applicable financial reporting framework; and
  • Form a conclusion, report on the financial statements as a whole, and communicate as required by this ISRE (negative opinion)
  • Obtain limited assurance whether the project/program books of accounts provide the basis for preparation of the PFSs by the project/program implementing unit and are established to reflect the financial transactions in respect of the project/program. The PIU maintains adequate internal controls and supporting documentation for transactions.

Therefore, the scope is as follows:
The review will be earned out in accordance with the International Standards on Review Engagement (ISRE 2400) on the following Subject Matters:

  • All funds including counterpart funds and other external funds (in case of co-financing) have been used in accordance with the conditions of the Grant agreement(s), with due attention to economy and efficiency and only for the purposes for which the funds were provided;
  • Goods, works and services financed have been procured in accordance with the financing agreement; and have been properly accounted for;
  • Appropriate supporting documents, records and books of accounts relating to all project/program activities have been kept;
  • Disbursements of funds have been made based on the Disbursement Handbook and in accordance with the conditions of the Grant or Credit agreements;
  • Special accounts have been maintained in accordance with the provisions of the Grant agreement and in accordance with the Bank’s disbursement rules and procedures;
  • Payments made using project/program funds relate to project/program activities as stated in the project/program progress reports;
  • The financial statements have been prepared by project/program management in accordance with applicable reporting framework;
  • There are no ineligible expenditures identified during the review.

The African Fertilizer and Agribusiness Partnership now invites eligible auditing firms in Nigeria to indicate their interest in providing these services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills, etc.).

Eligibility criteria, establishment of the short-list and the selection procedure shall be in accordance with the African Development Bank’s Procurement Framework dated October 2015, which is available on the Bank’s website at http://www.afdb.org

The estimated duration of services is 5 business days and the estimated starting date is July 1, 2021.

Interested Consultants may obtain further information at the address below during office hours 08:00 to 17:00

Expressions of interest titled “AFFM Grant for Enhancement of Fertilizer Importation and Distribution in Nigeria” must be submitted by 17:00 hours, 19 May, 2021.

Attn:
African Fertilizer and Agribusiness Partnership (AFAP)
Maria Wanzala,
Compliance Officer
Edenburg Terrace,
Block D 348 Rivonia Boulevard Rivonia,
Johannesburg 2128, South Africa
Tel: +27 11 844 7320
E-mail: mwanzala@afap-partnership.org

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