Loan book review
Borrowers linked by shared identifiers, funds returning to an originating entity, and end-use inconsistent with the sanctioned purpose.
Agencies & Banks
Development finance bodies, research organisations and public sector banks disburse against documents. NIRNAE reads the resulting ledger and shows where the money did not behave as declared.
Audit mandates
Each mandate is examined against records the institution already produces — no new reporting is imposed on the field.
Borrowers linked by shared identifiers, funds returning to an originating entity, and end-use inconsistent with the sanctioned purpose.
Onward lending that never reached the declared beneficiary class, and repeat intermediaries capturing the spread.
Single-source awards below tender thresholds and suppliers incorporated shortly before a large order.
Beneficiaries appearing across multiple schemes and branches under near-identical particulars.
Empanelled firms sharing directors, addresses or bank accounts across supposedly independent panels.
A severity-ranked brief the internal audit wing can act on without building any new reporting.
Records examined
Standard exports. A date, an amount and a payee identifier per row is enough to begin; every additional column unlocks further tests.
Disclosure
Operating boundary. NIRNAE holds no live access to treasury, PFMS, banking or departmental systems. The department exports the records it wants examined and submits them. The product is in pre-deployment: engagements today are supervised pilots on exported or anonymised datasets, and every finding is an indicator for verification, not a determination. Full answers in the FAQ.
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