Mohamed O. Eyow
Wednesday, June 13, 2012
The recent report issued by the WB which disclosed the theft of over 100 million US dollar of public funds collected from tax revenues or donations paid by the international community to aid the Somali people sounds shock and bizarre.
Though the exposé of the swindle made to the public at present, but supposedly the incident was not unusual among Somalis top politicians.
The TFG premier hurried to rebuff the alleged money laundering and pointed it as a farce and unfounded facts. Perhaps he is innocent or might have misguided complicity in it. The rumor mill and related sources divulged that individuals on country's top posts engaged in covert multimillion dollar dealing business in the overseas markets.
At the public cafés and restaurants where people gather for refreshment, you discover certain community members murmuring about odd stories of individuals whose business failed or had no chances to survive in the market, surprisingly re-entered the market with millions of business bailouts, starting multiple trade movements, shipping bulk commodities or venturing in substantial financial trading.
With this equity-injection raising questions among business people, market observers also indicate that such a profiteering squad is likely to be interrelated network and, though senior profiles in the public offices had the major complicity, However may be they were not alone in this scam project. The observers also outstretch fingers to certain business people, who have familial or kinship bonds to those in government leadership, these individuals act in a proxy role for their profit sharing covert businesses. Some go further making complicities to certain diplomatic missions and possibly with other unknown international actors. It is very obscure matter.
Of course the lack of transparency and accountability, at a time hundreds of millions pouring into the country has heartened these conmen dare at diverting aid funds into their own interest.
The International Community must form an independent inquiry commission to probe the circumstances surrounding the case. The Somali public and donors should identify the disgraced villains that abused the power and utilized the public funds for their own private interests.
All involved perpetrators must be held accountable and prosecuted to justice. Their assets must be seized and returned to the public. They are wicked with no compassion to their people who are suffering in wars, famine and diseases.
Mohamed O. Eyow