Muhammed Bazzi hiding behind new oil company in Gambia

Muhammed Bazzi hiding behind new oil company in Gambia

A Lebanese-British businessman, Muhammed Bazzi is hiding behind a proxy company, set up in The Gambia to continue his petroleum supply business in the country.

Bassi’s companies are currently under scrutiny for his association with ex-President Yahya Jammeh, who had given him rights for heavy fuel supply to the state-owned power company, NAWEC.

Bazzi has reportedly set up a new company, Falcon Petroleum, in nephew, Billal Bazzi’s name to continue as a substitute company to continue the business.

Bazzi’s new Falcon company has already been awarded the contract to supply NAWEC with fuel, according to a highly placed government official in the Barrow administration.

Jammeh had interests and shares in Bazzi’s numerous companies and a Commission probing the ex-leader’s financial transactions is probing Jammeh and his associates.

Jammeh had stashed public funds in secret accounts in commercial banks from which he did business with partners like Bazzi, Toni Ghattas, and Fadi George Mazagi.

Jammeh assets have been frozen by the Justice Department since his fleeing to Equatorial Guinea. The Commission of Inquiry has so far uncovered that hundreds of millions have been swindled by the then self-serving ruler.

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