Friday, September 29, 2023

A GREAT GAMBIA HEIST INDEED! Tambadou Says Jammeh Alone Stole at Least 17 Billion Dalasis

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By Lamin Njie

Minister of Justice Abubacarr Tambadou on Friday said former President Yahya Jammeh stole a staggering 17 billion dalasis during his presidency, officially confirming reports that the former leader orchestrated a remarkable theft of state funds.

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A consortium of investigative reporters, Organised Crime and Corruption Reporting Project (OCCRP), in a serialised report titled, ‘The Great Gambia Heist,’ and published on March 27 bared how Jammeh and his associates plundered nearly 50 billion dalasis of ‘timber resources and Gambia’s public funds’.

Tens of thousands of documents — including government correspondence, contracts, bank records, internal investigations, and legal documents — lay bare the true scale of the theft, the group said.

On Friday, the Janneh Commission an investigation set up by President Adama Barrow to peep into the financial, assets and business dealings of the former president finally presented a 1,600-page report to President Barrow.

At the event, Justice Minister Tambadou disclosed that Jammeh was an egotistic megalomaniac who used billions of dalasis of state money to satisfy his ‘pretentious and delusional lifestyle.’

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“…the former president alone pilfered at least D1,065,012,513; $304,718,071; 29,475,269 euros; and 2,250,000 pounds sterling. This is a staggering amount of money that could have had a significant impact on the lives of the ordinary people of this country, in health, in education, in agriculture and many other priority areas,” Mr Tambadou said.

The Janneh Commission investigation spanned 18 months during which it sifted through thousands of transcripts of 253 witness testimonies and other documentary evidence.

Mr Tambadou said the commission’s report “exposed former President Jammeh’s financial activities ranging from complex webs of intricate and sophisticated international financial transactions that bear all the hallmarks of criminality and money laundering in particular aided by his close associates, to shameless acts of brazen outright thievery at the Central Bank of The Gambia.”

“We have exposed the alarming scale of corruption of the former president and his close associates.
“We have now established that he claimed title to 281 landed properties in the country;

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“We have shared information generated in the course of the commission’s work with foreign governments that are assisting us with the tracking and recovery of assets abroad and which led to the freezing of the Potmac residence by US authorities;

“We now know that the value of his Kanilai assets alone are worth D1,404,000;

“And we have seen a tightening of financial regulations by government departments and agencies to prevent corruption and financial leakages in the system.”

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