Home | News    Sunday 16 December 2012

SUDAN: Audit report highlights improper financial deals between banks and government agencies


December 15, 2012 (KHARTOUM) – A report drafted by Sudan’s Inspector General listed forty cases of improper financial transactions between banks and government agencies worth hundreds of millions of dollars.

The report accused government entities of declining to reveal the details and the nature of special relations they have with these banks. This is in violation of an Inspector General directive requiring disclosure of these special relations in a formal filing.

Banks themselves extended credit to these agencies without performing due diligence or ensuring that sufficient collateral existed before giving out these loans, the report said.

It also questioned the multiplicity of funding operations on projects that have failed in the past.

Tenders were also awarded to companies for prices that exceeded the market rate and some private companies owned by government officials took over duties of some government sub-agencies.

Overall these widespread improper practices led to waste of public and state’s money, the report concluded.

The money in question totaled €17.1 million and more than 1.2 billion Sudanese pound ($171 million). This occurred in 6 banks, 4 government bodies, 4 state-owned firms and one ministry.

The Inspector General implored the parliament to issue tough laws forcing disclosure of special relations or conflict of interests to preserve the state’s money.


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.
  • 16 December 2012 10:19, by mohamed mahgoub

    I hope my felow countrymen N sudanese,J and all the others stupid NCP blind supporters to come forward to explain what going on here,something other than blaming ST of spreading lies or these fraudulent ctivities just happened in the name of your God!

    repondre message

    • 16 December 2012 10:27, by Observer

      If they do comment they will say that it is nothing compared to S Sudan’s reports of fraud.. as if that is justification.
      No ordinary Sudanese will be surprised at all by thsi report. We have all known that this has been happening but of course it has just been covered up- just like everything else.
      And of course you and I will be accused by NS of not being Sudanese and traitors!!

      repondre message

      • 16 December 2012 10:56, by mohamed mahgoub

        O. Of course we will be branded as not sudanese ,but they know my answer for such athing ,however the report is only talking a bout one year period ,what a bout the other 22 yrs plus the frozen assets of the NCP officials,

        repondre message

        • 16 December 2012 15:10, by Aaban

          Sure they used that words for so many years but we will not runn away from claiming our right of being citizen of this country, they can called us whatsoever they want but in their evil heart, they know that what we are talking about is a reality , so bad for those who sold their soul to evil, they are airhead and they will remain airhead forever,

          repondre message

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

52nd Anniversary of the glorious October 21, 1964 Sudanese revolution 2016-10-21 12:43:46 By Mahmoud A. Suleiman Friday the 21st October 2016 will mark the 52nd Anniversary of the Glorious Sudanese October 21, 1964 Revolution. On that date, my memories go far back to the unique (...)

Chemical Weapons Use in Darfur: The World walks away 2016-10-18 22:12:17 By Eric Reeves Despite overwhelming evidence of Khartoum’s use of chemical weapons in the Jebel Marra region of Darfur (western Sudan), the international community seems to be quietly walking (...)

Resources grabbing in the Nile Basin 2016-10-17 22:57:47 MISUSE, MISMANAGEMENT AND MISINVESTMENTS By Mohamed S. M. Yassin Ting Fa Margherita Chang Luca Iseppi Abstract. Historically the Nile constituted the major source of life for million of (...)


Latest Press Releases

Amnesty urges to investigate chemical weapons Sudan’s Jebel Marra 2016-10-12 12:52:01 Sudan: International chemical weapons investigation urgently needed into horrific Jebel Marra attacksAMNESTY INTERNATIONAL NEWSFLASH 11 October 2016 Sudan: International chemical weapons (...)

UNAMID JSR’s statement read to the media on peace in Darfur 2016-10-10 20:57:56 African Union United Nations Mission in Darfur Though the region of Darfur is relatively peaceful at this time, a small portion of Jebel Marra within Darfur continues to be intermittently (...)

Sudan: No justice for protester killings 2016-09-23 08:03:30 (Nairobi, September 22, 2016) – Sudanese authorities have yet to provide justice to victims of a violent crackdown on anti-austerity protesters in Khartoum in September 2013, the African Centre (...)


Copyright © 2003-2016 SudanTribune - All rights reserved.