DHAKA, March 5, 2026 (BSS) - Dhaka North City Corporation (DNCC) administrator Md. Safiqul Islam Khan has clarified the issue related to the corporation's funds to remove public confusion. 

He said the former administrator's claim that there was Taka 1,260 crore 15 lakh 51 thousand in 26 bank accounts of the corporation on the day of handing over charge had created confusion among the public. 

In this context, he said it was necessary to clarify the actual financial position of DNCC, according to a press release.

The administrator said salaries and allowances of the city corporation's officials and employees, as well as contractors' bills, are paid from the general fund. 

When he assumed office on February 25, the DNCC had a cash balance of about Taka 25 crore in its general fund, said Khan.

In addition, there were fixed deposits worth Taka 642 crore, which are reserved to meet emergency liabilities, he said.

He further said about Taka 13 crore had been kept aside this month to pay salaries and allowances of officials and employees. As a result, effectively about Taka 12 crore remained available for paying contractors' bills, he added.

Khan said a large portion of the total funds mentioned by the former administrator has been kept as fixed deposits in several specific funds of the corporation. These include the deposit fund, pension fund, education fund and the General Provident Fund (GPF).

He said money in these funds is preserved for specific purposes and cannot be used to pay salaries and allowances of officials and employees or contractors' bills.

He also mentioned that at the end of the 2023-24 fiscal year, during the tenure of former DNCC mayor Atiqul Islam, the corporation's general fund had a cash balance of about Taka 597 crore.

The administrator said he is determined not to encash the fixed deposits in order to maintain the financial security and stability of the corporation.

He added that it is necessary to present accurate information about the corporation's financial condition before the public, and therefore the clarification has been provided to remove confusion.