Ex-President Yahya Jammeh and his minions are now unable to pay $25 million owed to a French company, Total after Jammeh built a secret fuel depot to supply NAWEC.
At least $50 million has been invested into building the facility, which was kept off the government’s record until 2014 when the debt rose to its current amount.
NAWEC already owes Jammeh and his business associates $64 million, leaving Gambian taxpayers with a heavy burden. They had plans to also sell the Mandinari facility.
These guys were ready to bail out after making enough money. And bail out they did, leaving government holding the bag,” said economist and ex-foreign minister, Sidi Sanneh.
“Although, this is only the beginning of a sad and treacherous story, we have learned enough to wrestle our country from a group of unscrupulous businessmen who exploited the greed and heartlessness of Yaya Jammeh to rape our country.”
Jammeh took control of NAWEC from the Energy Ministry. He gave Euro-Africa Group partner, Global Trading Group the contract to build a power plant in the southern city of Brikama.
He also gave Euro-Africa exclusive rights to supply NAWEC with electricity and gave direct orders to have monies withdrawn from these companies.
Jammeh is suspecting to be holding shares through his associates, who are now unable to show paperwork on some transactions ordered by Mr. Jammeh to the Commission probing his financial dealings.