NFSPMC reconciliation finds D16m shortfall in groundnut trade

By Dawda Baldeh

The National Food Security, Processing and Marketing Corporation (NFSPMC) says it has uncovered more than D16 million in outstanding liabilities following the reconciling of the 2025/2026 Groundnut Trade Season.

The corporation reported that D1.79 billion was disbursed to Cooperative Produce Marketing Societies (CPMS) and private traders for groundnut purchases, but a comparison of expected deliveries with actual receipts revealed a shortfall of nearly 935,000 kg. Kwinella CPMS recorded the largest liability, owing more than D1.87 million, with Njayel and other cooperatives also showing significant deficits.

NFSPMC said some cooperatives absorbed losses using a 1% tolerance allowance and by retaining commissions, leaving no outstanding balances for those groups. Other CPMS, however, recorded shortages too large to be covered by those measures and now owe money to the corporation. Private traders reported zero losses, the NFSPMC added, because payments to them were made only after groundnuts were screened and accepted at NFSPMC depots.

The reconciliation, the corporation said, reflects improved transparency and accountability, helped by the introduction of direct WAVE mobile‑money payments to CPMS. NFSPMC pledged to strengthen digital payment systems, monitoring mechanisms and financial controls during future groundnut seasons.