Home | News    Friday 30 November 2012

Sudan’s parliament speaker accused of "covering up" public banks fraud

separation
increase
decrease
separation
separation

November 29, 2012 (KHARTOUM) – A number of lawmakers blasted the parliament speaker Ahmed Ibrahim and claimed that he is covering up "blatant irregularities" committed by public banks that inflicted huge losses on the government.

JPEG - 18.4 kb
Sudanese parliamentary speaker Ahmed Ibrahim Al-Tahir (Suna)

At a parliamentary workshop on the budget, lawmakers accused unspecified institutions of using their influence to avoid auditing.

MP Ghalia Haj Abdu also pointed fingers at the finance ministry saying that its internal control is lacking and called on her colleagues to "maintain their prestige" through obtaining the information needed to play their role of keeping checks and balances on the government.

A member of the parliament’s economic committee named Babiker Mohamed Tom urged the speaker to furnish the inspector general’s report on the performance of public banks.

Tom said that hiding the report amounts to "covering up" the breaches done by these banks.

MP Ibrahim Nasr al Deen on his end disclosed that there are cases of corruption and embezzlement in these banks which are eventually borne by the government.

The International Monetary Fund (IMF) in a report released this month urged Sudanese authorities to conduct "a comprehensive evaluation of the banking system....to enhance the legal, regulatory, and institutional framework in line with international practice, and remove impediments to financial deepening"

Also, banking supervision should be strengthened, including through enhanced training of supervisory staff".

In recent years there have been several cases of major state-owned banks going under over Non-Performing Loans (NPL) requiring intervention by government to bail it out.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


2015 elections are not a priority for Sudanese 2014-07-23 04:35:55 By Mahmoud A. Suleiman July 22, 2014 - This article comes against the backdrop of the news that reported the announcement of the National Elections Commission (NEC) that it had prepared the (...)

Bashir rests assured laden-burden on the Sudanese people’s shoulders 2014-07-14 06:09:16 By Mahmoud A. Suleiman July 13, 2014 - Omer al-Bashir believes that his continuing in power better protects him from tracking and prosecution by the International Criminal Court (ICC). He clings (...)

Lack of equity: A cause of many conflicts in Africa 2014-07-14 06:05:33 By Francis Ayul Yuar Nyok July 13, 2014 - It should be kept in mind that Africa crisis is not unique, more or less all the countries of the Sub-Sarah Africa are plague with acute poverty and in (...)


MORE








Latest Press Releases


Memory, healing and transformation in South Sudan 2014-07-23 05:55:08 Memory, Healing and Transformation in South Sudan A Working Paper by David K. Deng July 2014 Contents Introduction 1 What is memorialization? 2 Timing 2 Risks 3 Principles 3 Integrity 3 (...)

South Sudan: Independence Day marred by ongoing war crimes and looming famine 2014-07-09 01:39:56 AMNESTY INTERNATIONAL PRESS RELEASE 8 July 2014 South Sudan: Independence Day marred by ongoing war crimes and looming famine · Both sides to the conflict committing war crimes and crimes (...)

UN urged to probe alleged cover-ups and manipulations by its mission in Darfur 2014-06-26 05:40:52 Strengthen Peacekeeping Mission’s Rights Reporting, Civilian Protection (New York, June 25, 2014) – The United Nations secretary-general should investigate alleged cover-ups and manipulation of (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.