0
The US banks closed Dahabshiil accounts and Australian banks are planing to shut down for fear of funding the bad guys like John Jihadi.
Dahabshil Company can't afford bank loans repayments now, as one of its clients who owes millions of U.S dollar to Dahabshiil asks to get back his money.
Mohamed Ismail Tarabi better known as Ina-Afdinle, a Somali businessman has asked to get back his 12 million U.S dollar from Dahabshiil Company but unfortunately, the company could not afford to repay such an amount of money.
Ina-Afdinle is a Somali businessman who previous years used to deal Khat, a recreational legal drug consumed almost exclusively by Eastern African populations mainly Somalia, Ethiopia and Kenya.
He said, "When I asked my money back they said after elder's mediating, we will repay to you the year 2014. But unfortunately, when I returned to them to demand my money they responded to me, you can take our two-floor house instead of your money -but the house is cheaper than 12 million U.S dollar."
Speaking with Wagacusub Media, he said I eventually demanded to be handed over all the Dahabshiil founder's houses in the Hargeisa town after calculation ,but has been rejected the proposal by Dahabshiil Haji Mohamed Said, the founder of the company. Mr. Said borrowed 4 million U.S dollar from Somaliland Administer to give Ina-Afdinle but it only led a tension between Ina-Afdinle and the Company.
The founder of the Dahabshil Company owns 7 million U.S dollar but used to run his company the money of the Somali business people put his accounts. The business people started to withdraw their money from Dahabshiil following the closure of its branches in Northern America ,Europe and Australia.
Below is the Isaq tribes' business people that have accounts in Dahabshiil Money Transfer Company.
1. Ibrahim Abdi Kahin ( Ibrahim Dheere) 1.6 Billion $
2. Mohamed Said Duale (Dahabshiil) 70 Million $
3. Cumar Caydiid (Golden Boy) 560 Million $
4. Aamina Mooge Hersi 445 Million $
5. Mohamed Ismail Tarabi( Ina Afdiinle) 405 Million $
6. Abdi Awad Ali (Indho Dheero) 301 Million $
7. Mohamed Saed Geedi ( Ina Aw saciid) 200 Million $
8. Mohamed Abdilahi Xoogsade( Xoogsade ) 165 Million $
9. Family Oomar. 160 Million $
10. Ahmed Osman ( Geele Arab) 68 Million $
However, the small amount of money that the Company's founder had was used extravagantly by his sons. It also funding terrorists took a heavy toll to the company.
By Ahmed Abdi
The so-called Islamic State received some modest good news recently from Somalia, in what has otherwise been a dismal stretch of losses for the jihadi group. In October Full Article
A Somali British based in Bristol UK Mr's Suad Ali Warsame, a sister of Sado Ali Warsame talks with Waagacusub TV about the Dahabshiil's emissaries to silence the case of Mrs. Warsame. Below is the transcription of the interview. Full Article
Buroa, Somalia (Waagacusub.net)-Manager of Dabahshiil Money Transfer Company in Buroa, Togdheer Province left his job based on tribalism on Thursday 7 October 2015. Full Article
Waagacusub.net - Somalia Dahabshil Gives Al-Shabaab Half a Million Dollar to Shut down ATM Salaam Bank Full Article
Waagacusub.net- Dahabshiil Company is the edge of collapsing following a dispute between the owner , Mohamed Said Du'ale and two of his children over an illegitimate marriage.says one of the Dahabshiil Managers in Hargeisa Office. Full Article
NATO declares its readiness to defend allied territory as the European Union targets nearly 1,600 Russian individuals and companies, while fresh attacks on Ukraine raise doubts about Washington's diplomatic efforts.
DUBLIN (Waagacusub.net) — The International Monetary Fund has warned European policymakers that the rapid expansion of artificial intelligence could boost economic productivity while also disrupting labour markets, widening inequality, straining electricity networks and increasing Europe's dependence on foreign technology.
The European Union is dramatically expanding its economic and strategic engagement with Greenland, committing another €200 million as the Arctic island becomes an increasingly important arena of competition over security, critical minerals, infrastructure and geopolitical influence.
MOGADISHU / MINNEAPOLIS — Somali rapper Sharmarke Abdinasir Mohamed, widely known as Sharma Boy, is facing renewed scrutiny following allegations that he used threats, blackmail and sustained pressure to obtain thousands of dollars from a Somali-American woman in the United States.
MOGADISHU — Concerns are growing among Somali intellectuals, civil society organizations, retired military officers, and democracy advocates that Somalia is entering a dangerous period of political instability marked by increasing militarization and shrinking space for democratic participation. The concerns come amid escalating confrontations in Mogadishu and reports of civilian casualties, displacement, and destruction resulting from recent clashes between government forces and opposition-aligned groups.
Former President Joseph Kabila announces a new opposition coalition involving armed groups, raising fears of renewed conflict and threatening fragile peace efforts in eastern Congo. GOMA, DEMOCRATIC REPUBLIC OF CONGO — October 13, 2026 The Democratic Republic of Congo is facing a potentially dangerous political and security confrontation after former President Joseph Kabila announced the creation of a new coalition bringing together political opponents and armed groups, including the powerful M23 rebel movement. Full Article
The Somali-American lawmaker denounces the federal investigation as politically motivated, while authorities confirm a court-authorised search amid growing tensions over immigration, congressional independence and the November elections. Full Article
European Union leaders prepare for high-stakes negotiations on soaring energy prices, a controversial long-term budget, support for Ukraine and Europe's economic future. Full Article
NATO declares its readiness to defend allied territory as the European Union targets nearly 1,600 Russian individuals and companies, while fresh attacks on Ukraine raise doubts about Washington's diplomatic efforts. Full Article
The European Union has expressed concern over reported plans by the United States to temporarily restrict diesel exports, warning that such a move could have economic consequences on both sides of the Atlantic at a time when Europe is already facing elevated energy costs. Full Article
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 Full Article
PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article
Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article
Massive rise in Islamist militant attacks in Africa Full Article
Somalia:Dahabshiil Struggles to repay Loans
Waagacusub.net- After funding a group that twisted our peaceful religion of Islam and killed more than 60 Kenyans civilians, after a siege at a Kenyan mall two years ago, Dahabshiil Money Transfer Company is paying the price.