Fake 'country' signs fake contract with a fake bank

[Miskiin-Macruuf-Aqiyaar]

No, this is not an article by the satire site The Onion. It is true that a non-existent country signs a non-existent contract with a non-existing bank. Read on.

Somaliland inks deal with pseudo-bank purportedly based in China

The breakaway Somaliland and China-based sham bank inked Memorandum of Understanding on a billion dollar investment in the region.

Somaliland, a regional state in northern Somalia declared independence from the rest of the country, a unilateral proclamation which remains unrecognised the world over.

In an event held by the bank, the state’s Investment Ministry and Maxtor Bank signed the deal seeking to implement vast development projects in Somaliland, according to the signatories of the pact.

Somaliland Investment Minister, Mohamed Ahmed Mohamud who signed the MoU said the bank will handle the foreign largest investment in the region.

Speaking at the event, Mr. Mohamud said Maxtor Bank will invest in the tourism industry.

According to the MoU, the bank will finance in several areas including wildlife centres luxury hotels, supermarkets farms as well as universities.

Pseudo Bank Name

Somaliland authorities previously signed agreements with private companies to invest its areas, a move criticised by the federal government of Somalia.

Among the agreement are, Berbera military base and Berbera port deal signed with the government of United Arab Emirates.

The MoU between Somaliland and the so-called Maxtor was said to be shoddy, according to Hargeisa Based online media.

Somaliland Chronicle, an online media reported that it revealed the Maxtor bank to be non-existent financial institution after the media contacted China Securities Regulatory Commission (CSRC) and the Bank of China.

“Somaliland Chronicle has contacted China Securities Regulatory Commission (CSRC) and the Bank of China to try and find out more about Maxtor Bank and it turns out that they are not aware of the existence of this bank,”  Somaliland Chronicle stated, “They suggested that we double check the name of the bank but assured us that Maxtor Bank is not on their registry.”

It further noted that they researched the authenticity of the institution and its entity but found no genuine name of the bank.

“In our research, the closest thing we are able to find to Maxtor Bank is UN Maxtor Bank, a website with very little information that was last updated in 2012 and few other entities with variations of the name United Nations Maxtor registered with various authorities in the United States and the United Kingdom,” it said.

Somaliland Chronicle has concluded its investigation that It was entirely possible that Maxtor Bank goes by a different name, “And it may be entirely possible that it is sort of a venture capital where they will be raising the funding from private investors.

Xigasho

[Miskiin-Macruuf-Aqiyaar]

 

Oh, maan. When will this marqaan-based delirium madadaalo end? Do they think the masses can easily be fooled now? At least try filin soconaayo.

[cadnaan1]

37 minutes ago, Miskiin-Macruuf-Aqiyaar said:

 

Oh, maan. When will this marqaan-based delirium madadaalo end? Do they think the masses can easily be fooled now? At least try filin soconaayo.

Kkk after watching the video I knew these guys were fake they don't look professional,

Who is responsible for this embarrassment.

[Saalax]

 

 

Talk about embarrassment. 

[Dahireeto]

That Chinese lady looks she's been working the Chow-Lo kitchen for a while. Not a billion dollar investor. Perception is reality.

[Saalax]

12 minutes ago, Dahireeto said:

That Chinese lady looks she's been working the Chow-Lo kitchen for a while. Not a billion dollar investor. Perception is reality.

 

[Xaaji Xunjuf]

Maymay land is under Ethiopian occupation and our sankadhuudhi from dawarsiland is fixated with Somaliland  no wonder Somalia is Africa most failed state. Ileen dadkeedi baan noolayn.

[Miskiin-Macruuf-Aqiyaar]

5 hours ago, Dahireeto said:

That Chinese lady looks she's been working the Chow-Lo kitchen for a while. Not a billion dollar investor. Perception is reality.

Exactly as I thought. See indhaha u taag taageyso ka arkeysaa. She cannot believe they seem to believe she is a representative of a major Shiinees financial company. Well, she doesn't know this is the result of a 27-year of non-stop jaad session. Drug addicts and junkies could be sold to anything and nothing.

[Saalax]

1 hour ago, Miskiin-Macruuf-Aqiyaar said:

Exactly as I thought. See indhaha u taag taageyso ka arkeysaa. She cannot believe they seem to believe she is a representative of a major Shiinees financial company. Well, she doesn't know this is the result of a 27-year of non-stop jaad session. Drug addicts and junkies could be sold to anything and nothing.

kkkk walle wa comedy. This is not the first time though.  Foreigners who are nobody are passed as somebody in that region.