HEADLINES:

FINANCIAL FRAUD AND AIRPORT SECURITY: THE CASE OF HARGEISA AIRPORT OF SOMALILAND

0
Sunday December 06, 2015 - 20:44:35 in Daily News by Super Admin
  • Visits: 5566
  • (Rating 0.0/5 Stars) Total Votes: 0
  • 0 0
  • Share via Social Media

    FINANCIAL FRAUD AND AIRPORT SECURITY: THE CASE OF HARGEISA AIRPORT OF SOMALILAND

    It is a well established fact where there is a financial fraud there is a room for insecurity. All kinds of financial fraud and embezzlement are going on at Hargeisa airport of Somaliland through various special purpose vehicles or enterprises.

    Share on Twitter Share on facebook Share on Digg Share on Stumbleupon Share on Delicious Share on Google Plus

It is a well established fact where there is a financial fraud there is a room for insecurity. All kinds of financial fraud and embezzlement are going on at Hargeisa airport of Somaliland through various special purpose vehicles or enterprises.

Such enterprises includes among others Horn risk management a subsidiary of shield risk management which charges every passenger going through the airport $20 dollar by generating  $4 million annually with minimum operational and capital cost  as the equipment they use has been donated by the British government via Dfid. British aid rules prohibits utilization of aid money and equipment for commercial purposes. 

National handling provides loading, unloading, cleaning and packing services at the airport; it generates annually $3 million. It is staff has not been vetted and their  security viability and soundness is unknown.

The third company provides parking services at the airport premises and generates annually $ 2 million dollars.

All of the above income can not be traced its whereabouts and none is reinvested back in the airport development and modernization. No one knows the security soundness of the owners of those companies and as the Somaliland company law dictates, companies should furnish annual statements at company registrar office, which they never did as they ignore all local and international laws, standards and aviation norms.

In conclusion, the untransparent financial management system at the airport risks security of the passengers and airlines companies operating at the airport, since the existence of impropriety can result system of bribery, smuggling and trafficking.

By: Eng Shire Duale.

Share on Social Media

Somaliland:Government Blocks Entry of Alternative Fibre Optic Cable

Waagacusub.com - The government of Somaliland denied that it had any advance information of a submarine fibre optic internet cable entering the country from Berbera. Full Article

 

UNDP sanctions 18 Somali entities and individuals over graft, collusion and fraud

The UN Development Programme has blacklisted 18 Somali individuals and organisations from conducting any business with the UN agency over what it termed as their 'engagement in proscribed practices'. Full Article

 

Brussels Forum Does Not Concern Us, Somaliland President Says

Brussels Forum Does Not Concern Us, Somaliland President Says Full Article

 

[Daawo Video CCTV] Fadeexadii doorashadii Gudoonka Wakiiladda Somaliland oo la helay

Daawo Video CCTV Fadeexadii doorashadii Gudoonka Wakiiladda Somaliland oo la helay Full Article

 

Somaliland releases the arrested journalist in Hargeisa on bail.

The National Union of Somali Journalists (NUSOJ) welcomes the release of Journalist Omar Hassan Ali Known as Omar Serbia who has been arrested in Hargeisa, Somaliland since on Saturday 7, July 2017. Full Article

 

AFEX Denounces Two-Year Jail Sentence of Independent Journalist in Somaliland

April 11, 2017: The African Freedom of Expression Exchange (AFEX) joins its member, the National Union of Somali Journalists (NUSOJ) to strongly condemn the sentencing of independent journalist, Abdimalik Muse Oldon to two years in prison by the Marodi Jeeh Regional Court in Somaliland's capital Hargeisa. Full Article

 

Somalia:"flagrant violation of free expression" after sentencing of an independent journalist in Somaliland

The National Union of Somali Journalists (NUSOJ) has strongly condemned a court verdict against independent journalist Abdimalik Muse Oldon in Somaliland's capital Hargeisa who was today sentenced to two (2) years of prison. Full Article

 

Video Somaliland authorities detain an independent journalist .

Nusoj.org - Journalist Abdilmalik Musse Oldon was today arrested upon arrival at Hargeisa Airport by Somaliland authorities, and he is being detained Crimes Investigations Department. Full Article

 

UK excludes Somaliland from donor meeting over postponed elections

A top British official said on Tuesday that Somaliland would not be invited to a donor conference on Somalia in May because it had repeatedly postponed Presidential elections. Full Article

 

[Topnews:-] Magacyadda Somalidii Sacuudiga duqeeyay oo reer Somaliland iyo reer Khaatumo u badan

Waagacusub.net - Dadkii Sucuudigu Marin biyoodka Baabal-mandabka Ku duqeeyey waxay u badnaayeen kuwo u dhashay Burco iyo laascanod ,Hargeysa dhawr qof ayaa kaga jira. Full Article

 


Leave a comment

  Tip

  Tip

  Tip

  Tip

  Tip


Somalia:War to Defeat Al Shabab Militarily

President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government.

Somalia:$17 million external support has not been channeled through the country's single treasury account

Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account.

Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

Waagacusub.net - IBS Bank Somalia, which is believed to have the largest amount of money, Al-Qaeda Finance Secretary Fazul Abdallah from Comoros has started issuing Visa Card Payments for the first time. Al-Shabaab's finance secretary confirmed that Mohamed Ali Warsame had $ 157 million in cash, according to Khalif Ereg, who was later bribed with $ 2 million.

UGANDA: New Cabinet Members and Ministers of State

I hereby inform the country that By virtue of the Authority given to the President of Uganda by Articles: 108(2), 108A(1), 113(1) and 114(1) of the 1995 Constitution of the Republic of Uganda, I hereby appoint H.E. the Vice President, Rt. Hon. Prime Minister, Honourable Cabinet Ministers and other Ministers as indicated below:

Journalists barred from covering Somali leaders' meeting

The Associated Somali Journalists is deeply concerned that journalists were today barred from covering the meeting of the leaders of the Federal Government of Somalia and Federal Member States (FMSs) as well as the Governor and Mayor of Mogadishu.

President Mahad Salaad: the Only Guarantor for Galmudug's Security and Prosperity

Galmudug State is not just the geographic heart of Somalia but the quintessential soul of the Somali nation. Within Galmudug, all the major Somali clan lineages- the Hawiye, Dir, Darood and Madhibaan are represented. No other Somali region or state is home to such diverse and influential clans with such extensive historical significance in Somalia as found in the Galmudug territory. Economically, Galmudug in 2024 is set to be the first location for the offshore oil and gas that the Somali Federal Government in partnership with the Houston-based American company, Coastline Exploration have commenced work on off the Hobyo coast since 2021. Full Article

 

Somalia's leader mourns death of Namibia president

Waagacusub.net - Somalia's President Hassan Sheikh Mohamud on Sunday mourned the death of Namibia President Hage G. Geingob and sent condolences to the government of the African country. Full Article

 

Somalia's ex-president warns of risk of 'political crisis' over plans to overhaul constitution

Waagacusub.net - Somalia's former President Mohamed Abdullahi Farmajo on Monday warned of the risk of political crisis over plans by the incumbent President Hassan Sheikh Mohamud to overhaul the constitution. Full Article

 

Egyptian President says will protect Somalia against anz threat

Waagacusub.net - Egyptian President Abdel Fattah el-Sissi said his country will protect Somalia against any threat in what can be described as an indirect response to recent Ethiopia's move to access the seaport of Somaliland. Full Article

 

Egypt Condemns Suicide Bomber Attack in Somalia

Egypt on Tuesday condemned a suicide bomber attack in Somalia that killed at least 20 soldiers. The attack took place at a training camp in the Somali capital, Mogadishu, on Monday. The al-Shabab terrorist group claimed responsibility. Full Article

 

Hormuud telecom and Al-Shabaab's Strategy of Destroying Mobile Communication Masts

Hormuud's Assault on African Peacekeepers Figure 14: African Peace Keepers Hormuud launched a scorching public campaign against the Kenyan military forces in AMISOM in late August 2019. Full Article

 

Former Intel official stripped from NISA membership

Former Intel official stripped from NISA membership Full Article

 

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS.

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article

 

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article

 

Massive rise in Islamist militant attacks in Africa

Massive rise in Islamist militant attacks in Africa Full Article