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.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Who was behind the killing of civilians in Bor? 2014-04-22 06:50:43 By Peter Gai Manyuon "A nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death", from unknown author. (...)

Embracing victimhood to celebrate victimisation 2014-04-22 06:28:12 By Juliana Bol April 21, 2014 - It was a bit disturbing to hear news of our citizens in the IDP camps (where they are seeking protection and shelter) celebrating the recapture of Bentiu -in (...)

South Sudan: Revenge Killings is not the basis for building a modern nation 2014-04-21 05:39:31 By Steve Paterno April 20, 2014 - The theme of this article develops as a result of my extensive research and writings on a culture of revenge killings among South Sudanese communities, (...)


MORE




VIDEOS



Latest Press Releases


Sudan: No justice for protest killings 2014-04-23 21:06:10 Human Rights WatchRelease Detainees and Punish Abusive Forces (Nairobi, April 21, 2014) – Sudanese authorities have failed to provide justice for scores of civilians killed in anti-government (...)

SDFG mourn the loss of a Sudanese activist 2014-04-20 09:02:39 The Sudan Democracy First Group mourns the loss of Osman Hummaida, a towering figure of the human rights movement in Sudan, and a tireless campaigner for democracy and peace in the country. Osman (...)

UNICEF supports emergency response for children in Sudan with 89 tons of life-saving supplies 2014-04-19 09:47:06 Khartoum, 18 April 2014 --- Today in Khartoum airport, UNICEF received 89 tons of life-saving supplies to support the humanitarian response to children affected by emergencies in various hot (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.