Gambia appoints new banking chief

Gambia’s President Adama Barrow has appointed Bakary Jammeh, who was the head of the Central Bank’s economic research department as new Governor as he seeks to progressive replace those appointed by the former regime.

Jammeh replaces Amadou Colley, the bank’s longest-serving chief scolded for not preventing the looting of billions from the state by ousted president, Yahya Jammeh [no relation to new governor].

Colley was dismissed with two other deputies. Barrow appointed the bank’s head for microfinance, Saikou Jabbi and banking supervisor, Essa Drammeh as deputy governors.

Gambian authorities will be probing the former president’s financial and business transactions. President Jammeh is accused of corruption, human rights abuses and crimes against the state.

The new government said he made away with more than $150 million in the last two years of his rule, including $12 million in the last days of his presidency.

President Jammeh has fled the country to Equatorial Guinea after his election defeat saw the deployment of West African troops to have him ousted. He ruled the tiny West African nation with an iron fist for 22 years.

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