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Home Africa

Al-Shabaab Warns Banks In Somalia Against Exposing Client’s Information

Dalsan Editor by Dalsan Editor
January 29, 2023
in Africa
Reading Time: 2 mins read
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Al-Shabaab Warns Banks In Somalia Against Exposing Client’s Information
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In an ostensible response to the Somali federal government closing down accounts allegedly linked with the Al Shabaab militants, the group gave a stern warning to the institutions regarding the exposure of clientele information.

Recently the government closed down over 250 bank accounts and 70 mobile transfer firms linked with the militants as the country started implementation of tough measures supporting Al Shabaab.

Sheikh Ali Dhere the group’s official spokesperson voiced that the act of exposing clients’ information to a third party is not only illegal but also punishable

The frontman added that banks should either safe keep customers’ money or refund

President Hassan Sheikh has activated a serious crackdown against Al Shabaab which includes targeting financial institutions that grease the transactions done by the militants.

A number of banks and mobile banking firms have been accused of abetting Al Shabaab monitory services across the country.

A report published by the United Nations established that Al Shabaab runs an annual budget of $100 million with nearly a quarter of it being channeled into the purchase of sophisticated weapons.

While a huge chunk of the money is obtained via illegal taxation of business the group also gets financial assistance from foreign elements

The President believes that targeting bank accounts will bog down the group’s activities in the nation as the government intensifies war against militants in their strongholds

 

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Radio Dalsan was established in April 2012 in Mogadishu, Somalia with FM frequency 91.5MHz . The radio is registered with the federal ministry of information in Somalia. Dalsan is an independent and autonomous FM Radio station. The radio broadcasts for 18 hours in Somalia and also the Radio is on satellite broadcasting to Africa and Asia.

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