The U.N. report said all bank decisions were made by Omer because there were no board members in place and the bank does not operate as a government body subject to policy decisions or oversight from integrity institutions and parliament’’. This is yet another indication of the lack of vetting performed by the UN Monitoring Group, producing a report that is littered with misinformation. Governor Abdusalam was appointed on the 13th January 2013 and started his role at the Bank on the 13th February 2013. The last disbursement and transfer from the PwC account to the Transitional Federal Government of Somalia was on 26th March 2012. As such Dr. Omer could not have made any decisions on behalf of the Central Bank of Somalia. On the note of public oversight of the Central Bank of Somalia, the Governor of the bank has had a very close working relationship with the Federal Parliament and specifically with the Parliamentary Sub-Committee for Financial Affairs and has appeared on the committee to answer questions directly from the honorable Members of Parliament in an open and transparent manner. The Central Bank of Somalia is resolute in continuing to working closely with the Parliament. On the note of the Board of Directors to the Bank, there was no functioning board for CBS at the time of Dr. Omer’s appointment. This is a political decision of which the Government of the Federal Republic of Somalia has to appoint the individuals who will serve on the Board. A list of highly qualified candidates has been prepared and sent by the Central Bank of Somalia and discussions are underway to complete the appointments.
Posted on: Fri, 16 Aug 2013 13:39:21 +0000
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