Questions have been raised over charges dating back as far as the 1990s as Nottingham City Council faces investigations over a series of misspends which could total an estimated £40m. At the end of 2021 the 'unlawful treatment' by the council of money intended for Nottingham City Homes' (NCH) tenants and housing stock was uncovered.
The unlawful use of money initially totalled almost £15m, but two investigations have more recently uncovered many millions more may have been misspent at the "disadvantage" of council tenants. The ringfenced money, from the council's Housing Revenue Account (HRA), could have been spent on 'non-HRA activity' according to the reports released on Tuesday, April 26.
The reports, conducted by the Chartered Institute of Public Finance and Accountancy (CIPFA) and investigator Richard Penn, state just over £22m had been misspent by the council since 2014/15, while NCH allegedly misspent £17.1m from 2014/15. NCH denies this.
