Home | News    Sunday 16 December 2012

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

separation
increase
decrease
separation
separation

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.

(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.
  • 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

      Mohamed,
      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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


ARCSS and HLRF: last or lost chance for peace in South Sudan? 2017-12-14 05:02:15 By James Okuk “Tell people in power that something they tried didn’t work as expected” – Peter Ross. “A state without the means of some change is without the means of its conservation” – Edmund (...)

Response to Bona Malual statements on Abyei 2017-12-11 20:24:24 By Hon Arop Madut Arop As I was reading the last proof of my new book on the Ngok Dinka history, which is currently with the printers, somebody sent me a recorded voice message purportedly given (...)

Is Jieng Council of Elders responsible for South Sudan crisis? 2017-12-10 17:59:57 By Samuel Maker Amuor Silence means acceptance! It takes less than a minute for one to come across Jieng council of elders’ meddle on national affairs as they claim. Either through social media (...)


MORE






Latest Press Releases


South Sudanese rights group call to release political detainees 2017-12-10 07:50:31 THE INTERNATIONAL HUMAN RIGHTS DAY: 10 DECEMBER 2017: SSHURSA CALLS ON ALL TO ACTION FOR SOUTH SUDANESE The 10 December usually marks the international human rights day. SSHURSA notes with (...)

Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 By Manyok Abraham Thuch & Kuch Kuol Deng A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.