Image of Somali President, Mohamed Abdullahi Farmajo on 8 February 2017 [AMISOM Public Information/Flickr]
Somalia Parliamentary Committee on Finance and Budget have opened an inquiry into ‘missing’ funds amounting to about $42M. How could a country like Somalia with the Somali Shilling going for 580 to a US Dollar say about 24.4 Billion Somali Shillings under the control of the country’s ministry of finance are uncounted for?
In a country where hunger and poverty kill citizens by the second, this is indeed a disheartening revelation.
According to reports by Radio Dalsan, the Somalia Parliamentary Committee on Finance and Budget has released a new statement alleging mismanagement of funds at the Ministry of Finance.
In the report, it was revealed that about $42M is unaccounted for and the Finance Ministry headed by Minister Abdirahman Beilleh, has not been able to provide any reason or explanation on how the funds ‘disappeared’.
Of the funds unaccounted for is $20 million which is part of a $50 million budgetary support from Saudi Arabia granted to the Somalia government in the year 2017.
According to the report the funds have not been indicated in the 2018 budget.
$6M is reported to have been withdrawn from the Somalia Central Bank by a local government committee with no full report by the Ministry on how it was spent.
The report farther claimed that local government employees are illegally deducted 30% from their salary.
The report alleges that $1.5m allocated for humanitarian emergencies including floods and drought was diverted to cater for foreign and local trips and hotel accommodations.
The Banaadir Region Administration has been put on notice to explain how $16.5 million it received between January and June 2018 was spent.
The Parliamentary Committee has ordered the finance ministry to give a full report on the whereabouts of the missing funds.
Let us keep our fingers crossed and hope this case doesn’t die like the others in other parts of Africa.
Kakaka kikiki kokoko
This should be informed those who signed 100 Million Euro for Somalia and others using Somalia as a shield for corruption over the decades. Why they don’t sign with Somaliland? OOOH, we cannot say the answer, because humanitarian assistance is purely humanitarian purpose, aiming to suffice universality of human rights. Notion saying Somaliland cannot sign bilateral humanitarian assistance without recognition is showing the evidence that politics is overruling humanitarian, not more than a modernized slavery tactics.
Yusuf
![British Prime Minister Keir Starmer looks on, at Number 10 Downing Street, following the results of the election, in London, UK, July 5, 2024 [Kevin Coombs/Reuters]](https://i0.wp.com/www.horndiplomat.com/wp-content/uploads/2024/07/2024-07-05T115520Z_52034812_RC2ZO8AP0G9J_RTRMADP_3_BRITAIN-ELECTION-1720202222.webp?resize=100%2C70&ssl=1 "New PM Starmer names first cabinet after landslide win")
Kakaka kikiki kokoko
This should be informed those who signed 100 Million Euro for Somalia and others using Somalia as a shield for corruption over the decades. Why they don’t sign with Somaliland? OOOH, we cannot say the answer, because humanitarian assistance is purely humanitarian purpose, aiming to suffice universality of human rights. Notion saying Somaliland cannot sign bilateral humanitarian assistance without recognition is showing the evidence that politics is overruling humanitarian, not more than a modernized slavery tactics.
Yusuf