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 Ex-President Jammeh’s Assets Frozen
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Momodou



Denmark
9059 Posts

Posted - 23 May 2017 :  12:14:19  Show Profile Send Momodou a Private Message  Reply with Quote
Ex-President Jammeh’s Assets Frozen

by Fatou Sowe

Daily Observer: May 23, 2017

https://observergm.com/ex-president-jammehs-assets-frozen/

Hon. Abubacarr Tambedou, the attorney general and minister of Justice has revealed to journalists that they have obtained a court order freezing or placing a temporary hold on the locally known assets and companies directly associated with former President Yahya Jammeh.

He made this revelation and more at a press conference held at his office in Banjul, during which he disclosed that the freezing order affects, 131 landed properties held in the personal name of former President Yahya Jammeh or companies directly associated with him. 88 different bank accounts held in the personal name of former President Yahya Jammeh or held in the names of organisations directly associated with him.

He continued; 14 companies purportedly belonging to or directly associated with former President Yahya Jammeh; a number of animals and livestock purportedly belonging to former President Yahya Jammeh.

According to the Justice Minister, the application for the freezing order was necessitated by the discovery of unauthorized withdrawals of millions of dalasis and foreign currencies by former President Yahya Jammeh.

He further illustrated that preliminary investigations has revealed that between 2006 and 2017, former President Yahya Jammeh personally or under his instructions directed the unlawful withdrawal of at least D189, 000, 000 from funds belonging to Social Security and Housing Finance Corporation.

He added that between 2013 and 2017, former President Yahya Jammeh personally or under his instructions directed the unlawful withdrawal of at least $50,000,000 from Special Projects Fund and International Gateway Accounts at the Central Bank of The Gambia. Again, these are only preliminary findings at this stage and all indications are that these discoveries are just a tip of an iceberg.

“The freezing order is therefore meant to prevent former President Yahya Jammeh from liquidating or dissipating assets held in his personal name or his assets held in the names of his close associates or agents so as not to cause prejudice to the State should there be adverse findings made against him by a court of competent jurisdiction which may require the recovery of assets and monies from him by the State,” he said.

Minister Tambedou indicated that this list of assets frozen is by no means exhaustive, as investigations are still ongoing and if they find other assets purportedly belonging to former President Yahya Jammeh or to companies or organisations directly associated with him in this country which are not already included in this freezing order, they shall also take immediate appropriate action.

He urged, “We therefore request anyone with information regarding the whereabouts of any assets of former President Yahya Jammeh or of companies or organisations directly associated with him to come forward and share this information with the nearest police station.”

He then went on to warn any person who is in possession of assets purportedly belonging to former President Yahya Jammeh and who fails to disclose this may be committing an offence. “We therefore urge you to approach the nearest police station within 48 hours after this press briefing to report this information.”

He said they are finalising the draft terms of reference for the establishment of a commission of inquiry to look into the financial and business related activities of former President Yahya Jammeh.

by Fatou Sowe

A clear concience fears no accusation - proverb from Sierra Leone

Momodou



Denmark
9059 Posts

Posted - 23 May 2017 :  14:19:22  Show Profile Send Momodou a Private Message  Reply with Quote
Barrow seizes Jammeh’s assets

By Lamin Jahateh

The Point: Tuesday, May 23, 2017

http://thepoint.gm/africa/gambia/article/barrow-seizes-jammehs-assets

The government of President Adama Barrow has frozen all the known assets of former president Yahya Jammeh in The Gambia while investigations continues outside Gambia to know what and where he owns for further action.


“We have obtained a court order freezing the known assets in the country of the former President Yahya Jammeh or companies directly associated with him,” Justice Minister Aboubacarr Tambedou said yesterday.

The minister told journalists at a press briefing at his ministry in Banjul that the freezing order affects 131 landed properties held in the personal name of Mr Jammeh or companies or organisations directly associated with him.

It also affects 86 different bank accounts held in the personal names of Yahya Jammeh or companies associated with him, as well as 14 companies and a number of livestock purportedly belonging to the former president who had suddenly risen from poverty to be among the riches in Africa.

“The application for the freezing order was necessitated by the discovery of unauthorised withdrawals of millions of dalasis and foreign currencies by former President Yahya Jammeh from the Central Bank [of The Gambia] and other state corporations,” the justice minister said.

“Preliminary investigations have reveal that between 2006 and 2017, Yahya Jammeh personally or under his instruction directed the unlawful withdrawal of at least D189 million from funds belonging to Social Security and Housing Finance Corporation.”

The minister said the indications are that the discoveries are a tip of the iceberg, saying “this list is by no means exhaustive”.

“We request anyone with information to come forward and share this information to the nearest police station,” Mr Tambedou said.

Author: Lamin Jahateh

A clear concience fears no accusation - proverb from Sierra Leone
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Momodou



Denmark
9059 Posts

Posted - 23 May 2017 :  14:48:29  Show Profile Send Momodou a Private Message  Reply with Quote
Sidi Sanneh: $ 900,000,000 from Gambian-registered companies stashed in Panama, Gambians demand explanation




A clear concience fears no accusation - proverb from Sierra Leone
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