Which one of this people got elected by a 500 member parliament Xaaji or came about thanks nearly year of reconciliation talks. Or are naive enough to give credence to fools who declared themselves president and were soundly defeated?

^ I think it was with UK one, does it matter. Guys what are these people being paid to do. 100% sure this was how it was sold when they first signed up, monitor the Bank, alert Donor community. They were hire in 2009, its for years later now. mind you, another main objective was to speed up pledged aid. If am not wrong, well above the 300 million but some how what is now 17 million. The Somali members have a lot to answer for: internal revenue from port Mogadishu and Aden Cade airport are completely unaccounted among others. we know this. thinking or asking these people to self monitor waa waali.

why is it the 90s?

@Yoniz, you make these people sound a mom and pop accounting firm. even if we accept your attempt at side stepping the watchdogs being paid 2 percent of every dollar donated to starving Somalis as a hapless accounting firm, they most at the very least divulge were every penny went. The situation we have now is a central bank governor and a donor entity accusing each other. PWC is supposed give a report to donors every 15 days.

http://tinyurl.com/SomaliCB Link

Bank governor denies UN charges Somali central bank governor denies U.N. charges over funds Like Dislike Reuters Edmund Blair 8 minutes ago PoliticsCentral bank By Edmund Blair NAIROBI (Reuters) - The governor of the Central Bank of Somalia denied on Tuesday allegations in a U.N. report linking him to irregularities regarding millions of dollars withdrawn from the bank, saying the charges were malicious and baseless. Somalia, under a Western-backed government that took office last year, is trying to rebuild after 20 years of war in which the nation was carved up into fiefdoms by warlords and then ruled by Islamist militants. Its public institutions remain feeble. The U.N. Group of Experts to the Security Council's Somalia and Eritrea sanctions committee said that of $16.9 million of international aid transferred by fiduciary agent PricewaterhouseCoopers (PWC) to the central bank, about $12 million could not be traced. The confidential report seen by Reuters said the current bank governor, Abdusalam Omer, was "key to these irregularities". Omer was appointed to the post in January and the allegations include a period before that, when he acted as adviser to the Finance Ministry. "This is an attempt to discredit me as the governor of the central bank and to discredit the embryonic financial institutions of the country," Omer told Reuters by telephone from Mogadishu. "This is malicious and this is wrong." The U.N. report blamed a system of patronage, in which a person can ask Somali leaders for a private payment "that cannot be resisted for personal or other reasons", for undermining the establishment of an efficient state. It said the central bank became a "slush fund" for the patronage system, with 80 percent of withdrawals for private purposes, not running the government. Omer, a 59-year-old dual Somali-U.S. national, said he had proof that, of the $16.9 million, almost all of it was deposited in an account at the central bank run by the Finance Ministry. The remaining $940,000 went into an account set up by a former prime minister for "regional relations", he said. "I made sure the money reached the Central Bank of Somalia, with the help of PWC, and the remittance company. Everybody signed for it," he said, referring to a period when he was advising the Finance Ministry from Nairobi after PWC set up an account in the Kenyan capital to send the funds to Somalia. He said the $16.9 million was aid from a range of countries. But Omer said he was not responsible for what happened to funds after withdrawal. "I did not sign for the account in any way, and I was never party to how the money is spent," he said. Those comments were echoed in a letter from Omer to the U.N. experts, dated July 2, and obtained by Reuters. "It is not in the mandate of the bank nor any of its statutory obligations to determine where expenditure is directed to or which ministry or public office should receive money from the government funds," he wrote. "This is a budgetary issue of which the prerogative lays with the Ministry of Finance," he said, adding in the letter marked "formal complaint" that the process of investigation behind the report was "deeply flawed". The report said Omer took all bank decisions as there was no board. Omer said he acted within a law giving the governor responsibility for decisions about mainly administrative matters, but was awaiting the appointment of a board for major decisions, such as printing a currency.

Elpunto, its not about blaming others. We know Somali officials are corrupt, they were supposed at the very least be part of the solution. The report coming out today paints a picture of astounding failure on their part. here is an article that describes what they were hired for: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/311ee0bc-6b13-11de-861d-00144feabdc0.html#ixzz2XuCkN13W Somalia hires PwC to monitor aid By Barney Jopson in Nairobi PwC, the world’s biggest accountancy firm, is making a move into the world’s worst failed state. Somalia’s interim government has asked PwC to bring bookkeeping discipline to a country where lawlessness has reigned for nearly two decades. At the demand of international donors, the besieged government has asked PwC to set up money tracking systems to ensure that aid sent to Somalia, including $67m (€48m, £41m) pledged in April, is spent as intended and not stolen by corrupt officials. More On this story Armed guards dent Somali pirates’ record year Piracy boosts Somalia, says report Armed guards on UK vessels to counter piracy Somali militants call for ‘huge blow’ against Kenya Somalia bars foreign aid staff from rebel areas IN Africa Chad former leader set for court appearance Obama, Bush honour bomb victims in Tanzania Family row adds to Mandela legacy fears The World Obama meets Africa’s future Somalia is in the latest phase of an 18-year civil war as Islamist insurgents, including some allegedly linked to al-Qaeda, seek to topple the western-backed government. Shoot outs, mortar attacks and suicide bombings have become so intense that aid agencies and the United Nations no longer base foreign staff in the country. Abdulrahman Adan Ibrahim, Somalia’s first deputy prime minister, said his government’s efforts to tackle the Islamists and piracy had been constrained by the slow delivery of funds from donors nervous about their money going astray in the absence of a formal banking system. “We want to be different from other African countries. We want to show the world that the money given to us will be going to where they want it, to be used in a transparent way,” he said. PwC has undertaken similar work monitoring donor payments in Afghanistan and Sudan. It declined to discuss details of the Somalia project, citing client confidentiality and security issues. Abdusalam Omer, a senior adviser at Somalia’s finance ministry, said PwC would set up and act as the trustee of an account in Mogadishu, the capital, for donor funds, most of which are intended for security, health and education. He said the mechanism to be set up by PwC should speed up the arrival of the $67m pledged by donors, including the US and the European Union, to strengthen security forces. It was part of a broader $213m package that included funds for a 4,300-strong African Union peacekeeping force. A little less than half has been disbursed, partly because the alternative disbursement mechanisms – via a UN trust fund or the central bank of Djibouti – are considered by some donors as too slow or too leaky. Mr Omer said he expected PwC to send staff to Mogadishu from Nairobi, capital of neighbouring Kenya. But it is likely that the only people on the project to be based permanently in Somalia will be local agents who deliver small cash payments and record them in electronic ledgers. The process will begin with PwC informing the relevant ministries when funds arrive. It will verify that their spending plans match donor objectives, release funds and ensure they get into the hands of intended recipients. “If the money is for salaries it will be transferred to the Somali employees and PwC will get receipts and signatures to show they got it,” Mr Omer said. The money flows will be recorded in a new computer system and reports sent back to donors every 15 days. “The bottom line has to add up,” he said. PwC is not being paid a retainer but will receive a commission of between 2 per cent and 4 per cent on all funds that reach their intended destination, Mr Omer said. In common with most accountancy firms, PwC is renowned for its extreme aversion to litigation risk in developed markets. In Somalia it will face physical risk. Many non-Somali diplomats and aid workers who go to the country restrict their visits to a day or two and travel in armoured vehicles with Somali guards carrying machineguns. “We need to make people confident the money will not be used to buy a house in the UK,” said Ahmedou Ould Abdullah, UN envoy to Somalia, alluding to the UK connections of many senior Somali officials. Somalia has not had an effective central government since 1991. The interim administration controls only a few blocks of the capital, which are defended by AU peacekeepers. Islamist insurgents *surround it led by a group called al-Shabaab, which the US says has ties to al-Qaeda. The US has admitted to supporting the interim government by supplying it with 40 tonnes of arms and munitions in the past two months. Pirate-hunting coastguard planned Somalia’s interim government plans to use a portion of funds pledged by foreign donors to launch a pirate-hunting coastguard service off the country’s coast, the deputy prime minister has said, writes Robert Wright. Abdulrahim Adan Ibrahim, fisheries and marine resources minister, insisted that, even though the government controlled only parts of Mogadishu, the capital, it could have the service running by the end of the Indian Ocean monsoon next month. Pirate activity is expected to surge after the monsoon. But it will need foreign funding, Prof Ibrahim said on a visit to London. “Starting from July 26, if we have the kind of support we want from the international community, we will patrol the whole coastline of Somalia,” he said. It will also require the co-operation of the semi-autonomous governments of Puntland and Somaliland in central and northern Somalia. Some senior politicians in Puntland have financial links to the pirates. There were 61 attacks on merchant ships off the country’s coast in the first three months of this year. Unlike the foreign navies now patrolling off Somalia, the coastguard would also seek out pirates on land, Prof Ibrahim said. “The problem is not coming from the sea. It’s coming from land,” he said. He added that a coastguard would tackle the illegal fishing by foreign fleets widely blamed for driving Somali fishermen out of work and into piracy. Hundreds of young men were already training as coastguards, the minister said.

Unless am remembering wrong, PWC was brought during Yususf's administration in order to curb curroption

@yoniz, you would think monitoring would entail alerting both the Government, donators and other relevant entities

sowthiga arkaya Gabbal iyo dabrow cyber warfarekey wadan lol

correct me if am wrong peeps but isn't preventing this exactly the reason pricewaterhousecooper was hired for

Exclusive: Somalia Central Bank a 'slush fund' for private payments - U.N. Like Dislike Reuters Michelle Nichols and Louis Charbonneau 13 hours ago PoliticsCentral bank People walk outside Somalia's central Bank in Hamarwayne district, south of capital Mogadishu . View gallery People walk outside Somalia's central Bank in Hamarwayne district, south of capital Mogadishu May 16, … By Michelle Nichols and Louis Charbonneau UNITED NATIONS (Reuters) - Money at the Central Bank of Somalia is not used to run government institutions in the war-torn Horn of Africa country, with an average 80 percent of withdrawals made for private purposes, according to a U.N. report seen by Reuters on Monday. The confidential report by the U.N. Group of Experts to the Security Council's Somalia and Eritrea sanctions committee blamed a patronage system - dubbed the "khaki envelope" practice after the color of the stationery carried to the Ministry of Finance - for preventing the creation of state institutions. "In this context, the fiduciary agency managed by PricewaterhouseCoopers was reduced to a transfer agent that could not ensure accountability of funds once they reached the Somali government," the report said. "Indeed of $16.9 million transferred by PWC to the Central Bank, $12 million could not be traced," it said. "Key to these irregularities has been the current governor of the Central Bank, Abdusalam Omer." PricewaterhouseCoopers, Omer and the Somalia U.N. mission did not immediately respond to requests for comment. Omer, 59, is a dual Somali-U.S. national who left Somalia at age 16 and returned in January to become governor of the Central Bank in a country with a shattered economy and broken financial system. The overthrow of a dictator in 1991 plunged Somalia into two decades of violent turmoil, first at the hands of clan warlords and then Islamist militants, who have steadily lost ground since 2011 under pressure from an African Union military offensive. Somalia was virtually lawless and unable to assert authority until a Western-leaning government was elected last year. The U.N. report said all bank decisions were made by Omer because there were no board members in place and the bank does not operate as a government body subject to policy decisions or oversight from integrity institutions and parliament. "On average, some 80 percent of withdrawals from the Central Bank are made for private purposes and not for the running of government, representing a patronage system and a set of social relations that defy institutionalization of the state," it said. The experts said Somali Finance Minister Mohamud Hassan Suleiman had tried to reduce the scale of the patronage system, but "it is so pervasive as to be beyond his control without a fundamental restructuring of the system." CENTRAL BANK A "SLUSH FUND" Under the patronage system, a person can ask Somali leaders for a private payment "that cannot be resisted for personal or other reasons," the U.N. report said. A senior politician signs a note authorizing the payment, which is honored either directly at the Ministry of Finance or the Central Bank, the report said. "This custom is also called the 'khaki envelope' procedure on account of the color of the envelopes seen carried to the Ministry of Finance," it said. "Since banks in Somalia, including the Central Bank, cannot make electronic transfers internally or externally, all transactions are made in cash." The report found that between September, when the new government of President Hassan Sheikh Mohamud came to power, and April, almost three-quarters of withdrawals from the Central Bank were made for private individuals. "Such statistics indicate that the CBS has effectively functioned as a 'slush fund' for the (patronage) system rather than as a financing mechanism for government expenditures," the U.N. experts said. The report noted that Mohamud's government "cannot necessarily be faulted for the continuing patterns of corruption per se, but it can be held responsible for the appointment of individuals involved in past or present corruption." According to Central Bank accounts, a cashier at the Ministry of Finance, Ahir Axmed Jumcaale, was responsible for withdrawing the greatest amount of funds. The report said that between 2010 and 2013 Jumcaale withdrew $20.5 million in his name, which was then used for individual payments under the patronage system by successive finance ministers or finance officials. An individual named Colonel Abdiqaadir Moalin Nuur took out $4.7 million between 2010 and 2013, the second largest amount of money, according to the report, which said there was no explanation for his withdrawals. The International Monetary Fund officially recognized the Somali government in April, ending a 22-year hiatus, and last week offered technical support and advice, a first step in efforts to secure debt relief for the country. Also last month, the Central Bank of Somalia published its first annual report since civil war erupted in 1991, putting the total debt at $3.2 billion. To win debt relief offered to poor nations, it has to draw up a financial management plan.

wonder why they didn't shoot them on sight, the conflict they started left behind several innocent people being killed

what sore losers, intay all these losers isugu yeedhen xata shabaab iyo ciidan ku sheega ay meesha kenan bay ku layaheen Kenya

no the martians lol

these people xeeshod malaha. First the ask the world for military help in fighting shabaab. then they join shabaab and now this. Madobe needs to tell these people to kick rocks.

happy independence/Union day

Sometimes we have to consider the greater good. With this man and the others like him, I think a carrot and stick policy is most prudent. To encourage the others, the government should requires a poblic tobadkeen, renouncition of violence and politics. In return, they should allow him to keep a low profile in the capital where the government can hopefully ensure that he no longer is a threat to the public until the day when the government can hold national reconciliation efforts where people like can either be pardoned or face their crimes.

ka dar oo dibi dal

lol half somaliland half somalia, dadki xeeshoodka ka ka tagay walahi

N.O.R.F;964927 wrote: Lol. He doesn't live in Saudi. Can you address his points now? lol, are you sure, hundred percent, my radar is pointing Not only Saudi but specifically Jidda area.

Abu-Salman;964897 wrote: We need to define very precisely the term "gay" before stating "people are born gay" and other unscientific nonsense. If gay ect was not a social construct (just as "ADHD" is the new term for kids being naturally kids and active), whole societies, not least old greek ones such as Sparta, would not be "gay". We would not be having married spouses leaving their partners and becoming "gay" too (or vice-versa). Clearly men and women interacting between themselves is as old as humanity while these terms and utterly nonsensical statements are more recent (the whole psychiatry field is a scam, under big pharma influence, for instance). So what exactely, scientifically being gay means (outside self-serving pseudo- studies)? A more fundamental issue is, if any primitive instinct should be gratified and excused, why would be cannibalism under consent (yes, there are real cases), incest or any other one be prohibited then under "public morality"? Is even homosexual practice medically safe (clearly, it is extremely risky) or sound in providing children with stable family relationships, arguably their single most important right in any ideological system? If gayness is not a clear cut, scientific term, (eg such as being born with sickle cell or others genetic conditions), and its practice is so medically unsafe, yet not propitious to optimal family structure, why should it be not discouraged instead of being lobbied for? listen athi you live in Saudi Arabia right. If that is the case, just stop and focus on the fact that women in 2013 are not allowed to drive in your country. your like a baby signing up as a long distance running.

lol

Xiin walahi that is the biggest waste of my time that I can recall. You were all over the place but finally I see where all of this is going and if you would have made that more clear I would have not wasted any time. As for your arguments as a black, I can't help but find it laughable because as a minority of what ever stripe, any rational advocate knows its not an either or question, we either sink or swim together. racial equality, sexual equality, immigrant rights, gender equality, sensible drug policy, advocate s of incorcirated people, we are all one.

Lol @black, Xiin has accused me of playing to the gallery but I would level the same charge against him, one on this issue the gallery is on his side and two he definitely knows better then to use personal religious views to advocate public policy in paluralistic society especially as a minority