300 Million Dollars Missing from the Somali Government Coffers

[OdaySomali]

I can't help but not to be surprised.

 

 

[Abokor Omar]

The Bantu mercenaries are getting payed well for killing Somalis.

[OdaySomali]

It is an industry. They[bantus] get training for their armies; weapons they'd otherwise never afford; experience they'd otherwise never get; with the cherry on top being the money their soldiers are paid, of-course saving their governments money.

[Som@li]

Somalia money trail hits millions,

Donations fail to address nation's needs

 

By Katharine Houreld Associated Press

Posted May 24, 2011 at 6:56 p.m.

 

NAIROBI, Kenya — Somali politicians are returning from Arab nations with briefcases of cash, and a Somali government watchdog report obtained by The Associated Press found that more than $70 million of it is missing instead of being used to fight terrorism, piracy or hunger.

 

The large cash payments encourage politicians to hang onto power while paying little attention to crucial needs in a country devastated by two decades of war.

 

"Politicians want to keep the status quo. They're profiting from it," said Abdirazak Fartaag, the head of the Public Finance Management Unit, a Somali government body charged with overseeing the country's financial management.

 

In a 22-page report due to be released today, Fartaag documented cash payments that came from Libya, the United Arab Emirates, Sudan and other donors in 2009 and 2010 totaling more than $75 million. Only $2.8 million was accounted for by the government.

 

Fartaag said the Somali government is missing more than $300 million once internal revenues are added to the Arab millions.

[Somalina]

Lacagta hala keeno! dad badan ayaa maxkamad la soo taagi doonaa InshaAllah! criminals will be punished.

[Som@li]

^Insha Allah

[Liqaye]

The figure is actually $70 million, the figure of $300 million is actually a figment of imagination!

[Som@li]

Who is the main suspects? Who took it?

[Cali_Gaab]

What a great country, i really want Somaliland to unite with them.