By Somalia and Eritrea Monitoring Group
At this stage of the investigation of the Monitoring Group, the material presented below reflects exploitation of public for private interest and indicates at the minimum a conspiracy to divert the recovery of overseas assets in an irregular manner, involving Shulman Rogers, President Mohamud and his Office, Fawzia Yusuf H. Adam, then Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the FGS, as well as Musa Ganjab and Abdiaziz Amalo. In addition, a complex architecture of multiple secret contracts, which defied a separation of powers between the Presidency and the Central Bank, created the opportunity and rationalization for the misappropriation of public resources.
‘Pie-cutting’ of overseas assets by those involved in the project entailed retention of excessive percentages and direct payments from recovered assets as well as attempts to circumvent deposits in the Central Bank of Somalia/ While one transfer from Shulman Rogers to a Central Bank account in Turkey has to date been protected by the current Governor, the overall list of identified assets remains undisclosed and millions of dollars of funds are unaccounted for. Meanwhile, there are indefinite claims by Shulman Rogers and Haden Global Services on percentages of assets to be recovered in the future, which raises concerns given the association between Al-Shabaab, Musa Ganjab and Abdiaziz Amalo.
Read the full report: Somalia & Eritrea Monitoring Group
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