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.

Yayah Jammeh Grand Heist: Janneh Report Vol. 9 states that his liable for $84m from Public Accounts and more!

There will come one day, when every dictator and tyrants acts comes into steady reports and reveals their actions. Today is one of those days. We are not seeing how the threaten and assaulted freedom, liberty and justice in Gambia. We are instead seeing how the previous head of state misused his power, how he earned money on his time in office and how he opened certain accounts to earn funds.

Here is just a snippet of the Volume 9 of the Janneh Report. What scope I am looking at is just what his directly taken from PUBLIC ACCOUNTS and nothing else. This is the money he took from public accounts and spent on himself. Nothing else. So consider this as one way of thieving. 

Which is stating a lot of facts by just saying that. It is showing what he did and to what extent. This is briefly stated to show it. I am only mentioning Jammeh, even if he got help form the rest of his ministers and secretary generals. Therefore, there are plenty more who has to repay the state for their ill gotten gains. But I am just focusing on the head of state, the one in-charge and how he misused public accounts. Just look!

In 1995, the government took out $35m loan from China Exim Bank. At this very moment, the President associated diverted funds and also took out direct cash-deposits. But the state hasn’t repaid on the debt during the tenure of the President. To top it off, $27,732,000 is not accounted for. Therefore, because of interests and need for back-pay, the ex-president is liable for $35,556,442.42.

In 1999, the former President opened up an foundation account at the Trust Bank Limited. Where he was given bribe of $2,555m and illegal authorized payments of $3,013,615.47. Which is both funds the state want have returned.

In 2007, the President diversified and misused profits made by selling shares in the state owned enterprise GAMTEL/GAMCEL. The President took $7,948,025.73 to buy 31 buses to start his own bus-company and other projects he had.

Another in 2007, Taiwan (Embassy of ROC) gave funds for treatment of asthma, HIV/AIDS and diabetes. This was a grant estimated to be used between 2007 and 2011. However, the President diverted the funds, which amounted to $8.3 Million.

In 2011, the former President and his associates stole a public grant from the Kingdom of Qatar in toal €3,999,893, which his now liable for.

In 2012, the former President and his associates opened up an National Security Project Account, which got direct funds from Gambia National Petroleum Company. Where the Ex-President diverted the funds to various projects at the time. This amounted to $1,056,841.77, which he is liable for.

In 2015, the President set up a scheme with the Minister of Petroleum and the withdraw funds from a petroleum account. Which was illegal and therefore them both a liable to the funds of $3,768,448.

Another theft was the Vision 2016 Account, where the source of funds was through the MGI Telecom AG and the International Telecommunications Gateway. Where the President and associates illegal open an account and is now liable for $18,016,434.80.

Total funds which the ex-president is liable for is $84,156,492.64, €4,609,893 and GMD516,925,313.17.

Just think about it, he did to a poor state, with bad service and lack of proper institutions. He was eating of the plate of everyone and taking bribes, taking direct state funds and spending fortunes of the gains done by state owned enterprises. This was all done with the help of ministers and their closest associates, who also got a cut. This was a Grand Heist and Jammeh enjoyed the lavish life on the expense of The Gambia. When I look through more tomorrow. The signs of how he operates will appear. This is just second piece, which really shows a lot already. Peace.

A brief expo of Yayah Jammeh’s land grab during his Presidency

The White Paper of the Janneh Report in Gambia on illegal and illicit activities of the former President Yayah Jammeh is now out. What it reveal is interesting, but not shocking evidence of corruption, misuse of funds or whatnot. That was anticipated. However, the scope of the investigation. Shows what the previous Head of State did while in office. He was busy enriching himself. What I am showing here with brief numbers and such. To give you feeling of what he did, while he was in office.

For instance, the President during his tenure in office registered through his companies, his accounts and by his associates the amount of 131 properties. Also that the he operated the amount of 89 bank accounts in his name, companies and foundations. However, the report proves that during his tenure as President he did acquire 281 properties. One of these properties was in the United States and the other was Morocco. 51 of these properties was bought of the sum of £1,150m.

Also, President Jammeh was also in possession of 29 properties, which was not bought from the state or acquired through an authority, neither bought by purchase. Meaning, he has seized 29 properties in his portfolio.

He also owned and leased several properties in the Tourism Development Area, that was approved by the local authorities, but the state nor local authorities have never received any payment for such leases. To continue with this sort of behaviour, the President also leased islands, forests, lagoons, reserves, parks, which is public land that was approved by the local authorities, but the these local authorities never received any payment for such leases.

The President also acquired community land, where he appeared to own the title of the land, as gratitudes gifts from the communities. This was a direct land grab and misuse of authority from the President to do.

The President was in the process of acquiring 30 more properties. This was land either surveyed for the President himself or his company the Kanilai Family Farm Limited (KFF).

This here is briefly and part of what the President and his closest associates did during his time in the Presidency. But it shows a pattern and also to an extent how he used his power. That he would amass all this land and acquire it, even without proper procedure and such. Therefore, grabbing land on the intent of commercial gains, agricultural output or pure greed.

This is just a beginning into the megalomania of Jammeh. Peace.

RDC: Memorandum des Organisations de la Societe Civile Travaillant sur les Questions de lutte contre la Corruption, de la Transparance Budgetaire et de la Redevabilite en Republique Democratique du Congo (11.09.2019)

Zimbabwe: RBZ spreading weird signals about the inflation

The Zimbabwe African National Union – Patriotic Front (ZANU-PF) are really trying to forge the narrative and the story on their monetary policy. As the Reserve Bank of Zimbabwe (RBZ) and their Governor dropped the Policy, while the nation is busy finding out when to mourn its previous President Mugabe.

In the midst of this, the RBZ could have been upfront and shown the reality, but instead it coming up with some steps and half-baked solutions, which will not generate trust for the financial institution nor the economy itself. As it soon releasing a new national currency on the back of the RTGS Dollar and Bond-Notes. We are the half-way to hell or heaven, but surely most likely on a ride of hyper-inflation and the state doesn’t want say so.

Notwithstanding these measures, annual inflation escalated from about 5.39 percent in September 2018 to 175.5 percent in June 2019, mainly reflecting the exchange rate price indexation in an environment of high premiums in the parallel market” (…) “The country is moving towards bringing inflation under control and lowering it over time after the initial burst of high inflation that followed from the liberalisation of the exchange rate” (Reserve Bank of Zimbabwe – ‘2019 MID TERM MONETARY POLICY STATEMENT’ 13.09.2019).

Trading Economics reports: “Consumer Price Index Cpi in Zimbabwe increased to 208.90 Index Points in July from 172.60 Index Points in June of 2019.”

In counter to the RBZ, the forecast is: “Consumer Price Index Cpi in Zimbabwe is expected to be 208.33 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Price Index Cpi in Zimbabwe to stand at 319.31 in 12 months time. In the long-term, the Zimbabwe Consumer Price Index Cpi is projected to trend around 322.34 Index Points in 2020, according to our econometric models”.

Comesa reported: “Zimbabwe recorded the highest year on year inflation rate of (+ 257.2 %)” (COMESA – ‘HCPI – COMESA Monthly News Release I s s u e N o . 96 J u l y 2 0 1 9).

With these statements alone, shows that the economy isn’t stabilizing, neither is it becoming better. The Forecasts are tragic, the rising inflation is spiralling out of control again. Like it has done in 2008. It is a decade later and the RBZ and Ministry of Finance haven’t learned. The Zanu-PF and its handlers things they can play this one out. But the inflation rising is at hyper-inflation levels.

That the RBZ didn’t want to address the vast difference between inflation rate in September 2018 to what is happening in July 2019. And the RBZ only shown the levels of June, but not July, which is a very weird. As the all numbers should be there. Since the 208% July numbers shows, that the RBZ and Ministry of Finance isn’t stabilizing it, as it went up from 172% in June. The forecast, which is speculated, as it has models on the possible outcome. Zimbabwe might end up with up to 319% in 12 months time. This means by July 2020 the hyper-inflation is persistent and continuing to worsening the situation.

The RBZ should be truthful about it. However, it seems to spread another message. Which seems like they don’t care about the reality or denying it to save face. Peace.

Brexit: Operation Yellowhammer – HMH Reasonable Worst Case Planning Assumption As of 2 August 2019 (02.08.2019)

Zimbabwe: 32nd Cabinet Meeting Decisions Matrix – 10th September 2019 (10.09.2019)

Opinion: At this point, Corbyn cannot make Brexit worse…

This is a point that will not go home at the extreme right or the Brexiteers, as they are in dire need of a Tories and Brexit Party official to running the show. They cannot see a future or dime light of hope, without any sort of leadership, which entails Tories or Farage. These people are not the ones I listening too. Because, self-destruction mode has been going on since the referendum and we can say its not tasting splendid.

However, the state of the total chaos, resignation and lack of trust is there. The blackballing and hard-line approach to Jeremy Corbyn is obnoxious as this point. Maybe because his leadership and his attitude has secured the most win in Parliament, than anyone in current history. Surely that is hitting a nerve with these so-called conservatives.

They are all putting blame on Corbyn, blame on Labour, but all this time it’s the Tories with DUP whose running the show. It hasn’t been Corbyn who been driving and destroying the nation. No, it’s the Tories who has used Brexit and used the referendum to their advantage, but spoilt it and shot themselves in the foot.

That is why everyone pinpoint, use their pencils and their wordings against Corbyn. Like his Satan, the devil in the flesh, the evil incarnated and the one who’s vilified beyond any reasonable doubt. That is who Corbyn is, even Theresa May and the short-lived Boris Johnson administration have been skating compared to the wordings used against Corbyn. In addition, Corbyn haven’t been a minute or second in power, no the other guy has been, not him.

This is why I am writing, because its clear that the establishment, the elite fear Corbyn. Like his the one who take away their grants, their perks and their loopholes to tax-relief in the British Virgin Islands. Because who knows why his that bad, when he has had the most victories in Parliament.

The Tories is the ones who is cannibalizing itself and using Corbyn as a shield. In way that is obvious, that they can dismantle themselves and vote in order of their beliefs, but the others is not accepted. It is funny that the Withdrawal Agreement could be voted for three times, the No Confidence could be plenty of times against the Prime Minister after David Cameron, but having a new referendum for Scotland and Brexit is a no-go?

Because, voting for self interests are cool, but voting for the bigger picture again? Not cool. That is the message from the Tories, who clearly plan to use all means to stop Corbyn. Even if it means total utter disgraceful ways of demolishing democratic institutions and also self-inflicted harm on the economy and livelihood of plenty. That is what the Brexit does, especially a no-deal. That no-deal will ensure problems with medicine, food and others imports.

Still, the Tories will blame Corbyn. Everyone will point at him, while the ones at the Helm, is the ones that has created this mess. Because they didn’t fix it, they just made it worse. That is what the gentle of the Tories have done. They have let the Brexit burn and let out no confessions.

They are ushering it in, but giving the credit to Corbyn. Like a banker taking huge loans, but asking the state to bail him out. In this picture, Corbyn is the state. But in reality he isn’t, his still the opposition, but is blamed for being the state. His the one whose villain, when in reality it’s the Tories who has done this and trying to deflect their damage, their hurt and their arrogant mischief. Peace.

Opinion: Kenyatta is right, Kenya has potential, but not under his rule!

Uhuru Kenyatta dropped his sort of Ted Talks video-clip on the platform of Daily Nation Newspaper on Saturday, the 7th September 2019. It was supposed to be a motivation speech on how the republic can progress and become a powerhouse like China and Singapore.

Surely, every state and every nation can at one point go into the supreme, get into a higher grander economic and financial stability. That is if the elites, the citizens and the public really wants to strive for that. Alas, at this point, the dynasties doesn’t want that or work for that.

Kenyatta and the Building Bridges Initiative doesn’t do that. If it did, it would have made a difference and put a few more brothers on the pedestal since the handshake in question. However, there is none and for a reason.

The cartels, the elites and the landowners are not interested in big financial development, neither is the state itself; the ones governing is more preoccupied with eating and being spoilt. Than thinking of or even caring about delivering anything substantial to the plate.

Kenyatta in the video sounded like a visitor, someone who popped by Nairobi on his way to Cape Town. Someone who just saw something unique and fresh, thinking this place has options and markets that can be developed, but his been in charge for one term already and in his second year of his second term. He should sound differently, than a NGO or Bilateral Financial Institution. Because that is what he did.

The President was not showing his finesse nor his knowledge. Neither showing signs of progression or hope in his message. More mediocre PR stunt to salvage some grace for September. Not thinking of the implications of his governing or his ways of running things. Surely, the Eurobonds, the scandals and the grand corruption continue to persist. Still, he will say that Kenya can become the next Singapore.

Even if we know that is not true at this junction, because the Political Actors, the ones running the show hasn’t an interest or an care to function that way. That means they cannot eat and that they have to deliver proper public services on the taxpayers money. Not go on big entourage trips eating and living lavish, being at conferences speaking like living legends and then later complain that some ministry is diminishing.

Well, that is why Kenyatta should relax, we know his game, we know the Big-4 and the BBI. We know and he can lie, but we will not eat it. We know that the stakes are high and the concern of the leadership is to find ways to eat. As long as that is key memo, than the development and the changes of society comes second. They are using office for selfish reasons and not for the public.

That is why the Jubilee, the Kenyatta administration will not succeed. In addition, it starts from the top, as his own interests come before the Republic. If not, why is the milk and other businesses thriving, while the state is evaporating.

Well, that is because the leadership is eating, without considering what happens when the kitchen is empty, and there no budget for buying more stock. Peace.

Brexit: Joint letter to Members of Parliament on no deal Brexit (03.09.2019)