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President Farmajo orders Central bank governor not disburse $9.6M money seized from UAE
Somali News

President Farmajo orders Central bank governor not disburse $9.6M money seized from UAE

Somali President president Mohamed Abdullahi Farmajo has ordered the Governor of the Central Bank of Somalia, against releasing illicit $ 9.6m money which was seized by Somali Security forces on 8th April, 2018 at Aden Abdulle International Airport in Mogadishu.

President Farmajo said that the money is illicit and entered the country illegally and that it should not be released to any entity that claims it adding that the money was intended to cause instability in the country.

“The illegal entry of this undeclared money into our Republic posed a threat to our national security and the stability of our financial systems.The suspicious movement of this illicit money, whose transfer also abused international remittance laws and our national financial regulations, caused its placement under the Central Bank of Somalia” read the statement.

Somali Prime Minister Mohamed Hussein Roble had on Friday said he has apologised to the United Arab Emirates (UAE) government following the seizure of the $9.6 million by the Somali government in April 2018 at Aden Abdulle International Airport.

Addressing the media while receiving a consignment of medical and food aid from the UAE government at Aden Abdulle International Airport on Friday, the PM pledged to return the money to the UAE government and conveyed his apologies for the seizure.

According to the Somali government the money which was stashed in several suitcases was intercepted after it emerged that it would have been used to cause instability in the country.

In rebuttal to the seizure, the UAE government announced the suspension of all operations in Somalia and shutting down of their hospital in Moqadishu after the Central government of Somalia said it had cut its diplomatic ties with her over alleged interference of the sovereignty of Somalia.

This comes amid political tiff between president Mohamed Abdullahi and Prime Minister Mohamed Hussein Roble over management and handling of elections. president Farmajo had last week announced that he had suspended the powers of the PM over alleged failure of expedition of elections and corruption after the PM was accused of grabbing land belonging to the National Army in Liido Beach accusations Roble has distanced himself from and instead blamed President Farmajo of obstructing elections and attempted coup after he was denied entry into his office at the the presidential palace.

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