HEADLINES:

Somalia's President accused of Stealing Overseas Assets

0
Saturday December 27, 2014 - 22:21:30 in Daily News by
  • Visits: 6259
  • (Rating 0.0/5 Stars) Total Votes: 0
  • 0 0
  • Share via Social Media

    Somalia's President accused of Stealing Overseas Assets

    " The President said to me, work with Muse Ganjab to recovered national assets from foreign countries and then he instructed us to transfer the assets to his South African bank account," Yusur told Somali Media

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

Somalia's President Hassan Sheikh Mohamud
" The President said to me, work with Muse Ganjab to recovered national assets from foreign countries and then he instructed us to transfer the assets to his South African bank account," Yusur told Somali Media

Millions of dollars of assets belonging to the Somali nation have been seized by President Hassan Sheikh Mohamud's party of Damul Jadiid, or Islah-Somalia's Muslim Brotherhood.  The money has been taken by members Damul Jadiid to increase the party’s economic clout. 

Somali Media has learned that President Hassan was heavily involved in the theft from the former head of the Somali central bank, Mrs Yussur Abrar, who exposed the theft. 

President Hassan appointed Mrs Yusur Abrar as Central bank governor on on Sept 13, 2013. He instructed her to work with Muse Ganjab, a member of the president’s party and allegedly a financial supported of al-Shabaab, the al-Qaeda aligned militia. 

Muse Ganjab was attempting to reclaim more than $100 million worth of Somali funds, which were being held abroad.

" The President said to me, work with Muse Ganjab to recovered national assets from foreign countries and then he instructed us to transfer the assets to his South African bank account," Yusur told Somali Media.


The consultation begun and the President's political party of Damul Jadiid put pressure on bank governor, Mrs. Abrar to recover the money so that they could use the Somali national funds for their personal profit and to fund the party’s activities. 

During Abdi Farah Shirdon tenure between October 2012 and December 2013 the Federal government of Somalia had no strong effective cabinet that would be notified to stop Damul Jadiid from stealing the national money and Mrs. Yusur Abrar had been recommended to work with the president's team by members of Mr. Shirdon Cabinet and friends from Somaliland.


Receiving recommendations from Somali patriots that were unhappy how the group was handling the national assets  Mrs. Abrar refused to work with the party and for the personal gain of individuals. "I could not accept any order from any entity  that intended to steal the national asset in the name of government,” she said.  

By taking this stand she braved the danger that may come from the elite associated with the Presidency, based at Villa Somalia. To resist their demands the bank governor got in touch with the  U. S. Embassies in Dubai and Nairobi to inform the threats coming from her the president's henchmen. 
The Bank governor’s relatives begged her not to risk her life by resisting Damul Jadiid’s demands and Mrs Yusur finally decided she had no option but to leave Somalia in November 2013. Once she was out of the country she passed the information she had to the Somali diaspora.  
" I was asked to refer all the money to First Rand Bank and Nedbank accounts in South Africa, but I had no stomach to do so; then the guys in Villa Somalia threatened me to death that is why I escaped to U.S ."
However, Mrs. Yusur told every thing she know about this case to  Somali media in their interview with her.
Muse Ganjab is reported to have also fled from Mogadishu and  President Hassan Sheikh instructed his security officials to remain quiet about these events in the hope that the incident will gradually fade into obscurity and be forgotten. 

Ahmed Abdi is a freelance journalist and Abdullahi Nur Colombo is a former VOA Somali Service reporter. To contact writers on this story : Abdullahi Nur Colombo at [email protected];Ahmed Abdi at [email protected]


Share on Social Media

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

 

Several Killed in Mortar Shells Near Somalia President's Residence

Waagacusub.net - Several people were killed and a number of others wounded in mortar shells that struck targets near Somalia president's residence in the capital Mogadishu on Wednesday, local officials have confirmed. Full Article

 

U.S. and EU Diplomats Support President Farmajo to Tear Somalia Apart

After 30 years of dictatorship and civil war, the Somali people pulled off a qualified consensus on forming a new state that is different from the obliterated one. The President of the Federal Republic of Somalia is vested with the awesome responsibility and authority to steer the formation of the new state. Successive elected presidents strived to some extent to fulfill their awesome responsibilities with the exception of President Mohamed Abdullahi Farmajo who strived to tear Somalia apart for good. Full Article

 

Top Secret: Ethiopia discovered President Mustafa Agjar and his cabinet belong to one religious party

Ethiopian intelligence officials discovered that President Agjar and all the ministers he appointed belong to the religious group Al-Islah Al-Itihad. This became a surprise to them, according to an official who spoke to Waagacusub.com Full Article

 

Puntland president sacks officials after deadly attack on presidential guard

Puntland president sacks officials after deadly attack on presidential guard Full Article

 

Omer Sworn In As Ethiopia's Somali State President As Parliament Revokes Ex Leader Abdi Iley's Immunity From Prosecution

Omer Sworn In As Ethiopia's Somali State President As Parliament Revokes Ex Leader Abdi Iley's Immunity From Prosecution Full Article

 

President Farmajo to discuss diplomatic presence, stability of the Horn and regional economic integration with H.E Afwerki

President Farmajo to discuss diplomatic presence, stability of the Horn and regional economic integration with H.E Afwerki Full Article

 

Eritrean president heads to Saudi Arabia on invitation of King Salman

Eritrean president heads to Saudi Arabia on invitation of King Salman 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.

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

 

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. 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