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Sudanese bank employees embezzled millions: report

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August 9, 2009 (KHARTOUM) — A number of employees at a Sudanese blank have stolen millions of dollars, a pro-government newspaper reported today.

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Al-Nilain bank

The Akhir-Lahza newspaper said that 200 million Sudanese pounds ($83 million) were extended as loans by Al-Nilain bank, founded in 1993, without proper due diligence to assess the ability of borrowers to repay or taking any collateral to secure the loan.

The bank primarily provides loans primary to businesses.

Moreover, the newspaper quoting sources said that several bank employees including senior officers have embezzled millions risking the collapse of the financial institution.

One of the employees has already been referred to the court and that the bank management is seeking to reach a settlement with the embezzlers without referring the matter to court.

However, Al-Nilain bank issued a statement condemning the “false” and “baseless” report and threatened legal action against the newspaper.

The International Monetary Fund (IMF) report on the Sudanese economy last month highlighted weaknesses in the banking sector stating it needs restructuring particularly the state owned Omdurman National Bank (ONB), which accounts more than half of the economy’s Non-Performing Loans.

(ST)

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  • 10 August 2009 07:34, by YihHon Alewei

    How do you expect the economy to be strong without employing the right people and what can stop thiefs to steal money from the banks?

    People are just employed if they wear garments and headcarfs but not on their qualifications—these are the dire consequences of that—if people are employed on their capabilities—that can prevent such morale—you can not employed an engineer to work in the bank or a policeman to work as a plumber—that can cause a grave diaster—it is good that it happens in Khartoum—this is all the weakeness of the government—institutions such as bank are regulated-

    What a shame? Those ordinary employees copied this embezzlement of public and private wealth from the government—no doubt about—and they are not to blame—they thought that’s the only way to get rich when you steal other’s money. All those victims can point their fingers at the government—the one who encourage such activities to be carried out without notice—.....

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    • 10 August 2009 07:40, by loding

      Kim,
      you need to committe suicide!!!!!

      Looding(born wild bull of Jongole)

      By Kim""""
      Folks,

      The only way to silence the very tiny Murle is to swift them out from their land and occupation must be the last resort to be used as the Mighty Nuer Warriors did to coward Anyuak. It dosen’t need Naath community as a whole to confront these dirty ugly tiny Murle, only two sub-Nuer tribes (Lou Nuer & Eastern Jikany Nuer) will get the job done. The time for retaliation/raid was over, but occupation is the only mean to bring Murle ruthless activities under control as we did to Brun/Chai, Shilluk/Teet, Anyuak/Bar and some sub-tribes from coward Jaang/Slaves (Dinka).

      It is too late for the GoSS and its Army to convince Mighty Nuer Warriors at this criticle time. As such, Nuer Warriors must burn down dirty Pibor, Buma and all the surrounding villages before they (Naath) occupy the land for good.""’

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  • 10 August 2009 08:18, by Kur

    The naked corruption of the NCP regime is now coming to light as the Sudanese people wake up with the news that their money becomes the property of some greedy officials. If little guys such as the bank employees can steal millions of dollars, then Bashir and his cronies have already emptied the reasury. Let Bashir and his cronies remember that Meboto Sesisiko was richer than Congo, but he died in shame.

    Kur

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    • 10 August 2009 09:17, by Tonnie Smarth

      I am realy confused as to which destination is our country leading to. We have a very relaxed and poor economic system with poor loan giving policies and hand free treasury. We sudanese do not realy learn from the past mistake.We keep carry the same mistakes on and on.We need to improve on our institutions like loans, banking, anti corruption commission. The anti corruption commissiion should start excuting their duties together with the judiciary. Many poeple who are found to have been involved in corruption are being left without trial, what does this mean? does it mean that we should continue to be corrupt? If so where are we leading to. We are talking of freedom from expolitation; much as we are corrupt we will remain slaves to poverty and ourselves since we are only thinking about our stomach, family, freinds and inlaws at the expense of our poor citizen. The rich wants to get more richer by being corrupt and yet the poor are getting poorer because they are being exploited. Please my fellow country men, we need to open our eyes because what are donig now leads us no where expect total econmic slavery!

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      • 10 August 2009 09:43, by DASODIKO

        The Akhir-Lahza newspaper said that 200 million Sudanese pounds ($83 million) were extended as loans by Al-Nilain bank, founded in 1993, without proper due diligence to assess the ability of borrowers to repay or taking any collateral to secure the loan.
        Ha haa huh huh, bitches; Jalabas always speaking about corruption in the Government of South Sudan as if you are archangels. Now what do you call this? Virtue or honesty! This is just a midget institution, what about that happens in ministries?

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        • 10 August 2009 23:24, by lulang Olivian

          Dear southern
          Embezzlement is a serious corruption practice in the southern government and there are several reasons as to why people become corrupted e.g you will find a minister with nearly 20 relative with their families hosting them at his government house.

          How do you expect this minister to continue feeding and maintaining them at his house?ultimately to steal or corrupt.

          Nile commercial bank staff are the good corrupted staff ever known whom if i am an employer never to give them any employment again.

          Government staff on government houses should be educated on the use of this facilities otherwise these facilities in lest then the five years will turn as if they are Luaks

          Education is needed on the use of this facilities.

          Lulang

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          • 11 August 2009 10:45, by understanding

            Dear brothers.

            This report is untrue because bank can’t take money a way in it with the person who is taking them a way!!!.

            Back to finances people you don’t even know who to do economics how can money got stolen without doing anything.

            If even year 10 student may know how to store money.

            If you to search me contact me though

            osomokomaluach@yahoo.com

            year 10 student

            repondre message

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