BRIBED AND COMPROMISED CENTRAL BANK OF SOMALIA BOARD ALLEGEDLY ASSISTING THE BANK GOVERNOR UNJUSTLY TERMINATE INNOCENT AND HARDWORKING CBS EMPLOYEES

Corruption and nepotism allegations against the Central Bank of Somalia, in particular the Governor, the General Manager and the Operations Manager are once again surfacing at the CBS.

MP Dr. Abdillahi Hashi Abib in a letter written to President Hassan Sheikh Mohamud reveals that vicious efforts assisted by the CBS Board members are currently underway “to scapegoat several innocent, professional, and hardworking CBS employees as part of an internal investigation into public documents that were received and published into a member of Somalia Federal Parliament. These alleged whistleblower documents have nothing secret and should have been made transparent under open government platforms voluntarily.”

MP Abib naming names alleges that the CBS Board is compromised and “intends, during their meeting scheduled for Sunday, October 5, 2024, to unjustly terminate the employment of the following individuals:
1. Mohamed Osman (Midnimo)
2. Idle Ali Mire
3. Ismail Abdi
4. Ahmed Muse

These individuals are experienced professionals of unblemished character and reputation, who have served with diligence, integrity, and professionalism. Throughout their tenure, there has not been a single documented complaint or allegation of misconduct levied against them. Their only transgression, as it appears, is their refusal to engage in deceit or falsify evidence in response to coercive directives imposed upon them by corrupt elements within the institution.”

MP Abib also alleges the CBS Board of being party to the corruption at the bank and accuses them of being bribed and “compromised by the Governor, General Manager, and Executive Director, who have offered special treatment and lavish retreats to secure votes in favor of their agenda. Reports indicate before parliament members, at least 2 board members at the central bank oversight board have bribed with lucrative perks of per diems, falsified reimbursements and more importantly lavish parties and access or promises to political positions. As evidence shows clearly, CBS Board’s financial compensation has increased dramatically since the new members joined. Payments rose from $1,000 to $5,000 per meeting, retroactive to their start date, with several bonuses distributed. The CBS Expenditure Ledger will clearly show all payments made to Board members to secure their votes.”

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MP Abib then calls on “all Somali citizens to reach out to CBS Board members – Prof. Abdullahi Sh. Ali, Ms. Farhia Mohamed Yusuf, Faysal Abdullahi Warsame, Dr. Hussein Ahmed Warsame, and Dr. Aues Scek – and demand that they reject this fabricated report that unjustly penalizes, intimidates, and harasses innocent, professional, and hardworking CBS employees. These actions undermine the institution’s integrity and independence and will have far-reaching repercussions for Somalia’s financial stability.”