The failure of the housing finance agency to implement a new banking information system represents a serious strategic breakdown, auditor-general Andreas Papaconstantinou said on Tuesday.
He warned that prolonged delays, weak oversight and unlawful decisions have entrenched dependence on external providers, imposed heavy costs on the public purse and have left the organisation technologically exposed.
In a special audit report, Papaconstantinou admitted that the project, for completion by January 2021,
