Yayah Jammeh Grand Heist: A summary of Volume 9 of Janneh Report
Yesterday, I dropped two pieces on this. Today it will be continuation and repetition. Since some of the facts remains the same, but it will more flesh to the bone. Because, the piece on the land grabbing of ex-President Yayah Jammeh of Gambia was from the White Paper yesterday. The volume 9 has more detail. Therefore, even if this will be brief and short in one way. Because, all the heists and all the siphoning of monies are grand schemes in itself. Which shows that the President misused his authority and his place in the state to eat and grab funds. That he wasn’t entitle too.
The ex-President with all his various schemes and tricks of his trade, while in office, makes him liable to repay the state back with the amounts of 1,065,012,512.17 GMB, $267,348,358.89, €29,475,269.00, £2,250,000.00 and finally 618,400.00 CFA. All of this monies was taken by the ex-President.
Like for instances the ex-President set up a lot illegal businesses in his time. List consist of Kanilai Family Farms (KFF) Kanilai Group International (KGI), Unique Transport Systems Company Ltd. (UTSCO), Sindola Safari Lodge (Sindola), Mineral Company of the Gambia Ltd, Westwood Gambia Ltd. (Westwood), Westport Logistics, Green Industries, Observer Company, Alhamdulillah Petroleum and Mineral Company (APAM). All of these companies grabbed land, used public accounts to run them and so fourth. They were all illegally set up and some even spent international grants given to The Gambia. This was the way the President operated.
Also, the Ex-President used his charities to siphon funds, he used government grants from Exim Bank (ROC), Japanese Grants, Nigeria Budget Support and others, which was supposed to go to development projects, but instead money went unaccounted for and went missing. He spent it and withdraw cash from the accounts, either himself or with help from loyal associates.
To continue with his illegal enterprises, the ex-President also took funds from State Owned Enterprises, these consisted of Gambia National Petroleum Company (GNPC), Social Security and Housing Finance Corporation (SSHFC), Gambia Ports Authority (GPA), Kanalai Culture Centre (KCC), Youth Development Enterprises Limited (YDE), Gambia Ferry Services Company (GFSC) and GAMTEL/GAMCEL. All of these state owned companies was used, taken monies from and embezzled at one point to the advantage of the President.
As the schemes goes along, the land grabbing needs to addressed. The ex-President took 19 TDA lands from the public. 114 free allocations of public lands in his disposal. That was in total a hundred and 139 land titles, which consist of 10 islands and 26 Wildlife Parks and Reserves.
This shows how he misused his power, taken vast amount of sums. This only what he did and not what his associates and family members did as well. Because, that would be to overwhelming for one small article. Still, this shows what sort of megalomania the ex-President did in his time from 1994 to 2017. As he spent time getting more and more funds, instead of governing.
Yayah Jammeh was busy finding new ways of earning profits, building businesses and taken the state for granted. Embezzling, siphoning and grand theft. This was his heist, a business model that he continued to work-on until his final day in office.
The ex-President wasn’t a bank-robber, but he emptied the accounts and the state machinery blessed him with it. He was the Head of State and no one questioned him. Until now, its two years since he was in office and now his sins is put into system. We see how man took it all and got away with it.
Let’s see if he repays the state, while in exile in Equatorial Guinea. Peace.