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Cash show in Banjul: A President and D80M market cash, shopping malls, cement, bread and threats!!!
Big stinks and money laundering galore
The blitz of unbridled inundation of President Yahya Jammeh's obsession with scandals, corruption, brutality and usurpation of the entire nation into a one-man entity replete with shows like a television reality that never ends, the demons in Banjul have returned to 'Daddy's House' once again.
News just in from Banjul tell of a scathing tale of massive corruption and money laundering scandal spearheaded by President Yahya Jammeh. Apparently, the Gambian leader, the richest man in the sub region, has not only turned himself into a powerful tycoon, but has used his business portfolio to continue to steal Gambians' money, inflate the markets and worse still, send the local businessmen home to roost.
It could be recalled that a few years ago, President Jammeh used his rubber-stamp parliament to enact a law that lifts the ban on him and his ministers from engagement in business activities. Well, executive activities sequel to that new law indicate in crystal brightness that President Jammeh's intention was not for nothing because obviously, he has not been doing even close to nothing since then.
According to a source from the State House in Banjul, President Jammeh yesterday, in his capacity as a businessman, awarded a combined contract to four contractors totaling eighty million Dalasis. According to the President who handed the whole money in cash to the contractors, he was personally going to re-build the market which recently suffered a second major fire disaster in four years.
According to him, when the work is complete, he would own a proportional share of the market based on the D80 million repair, and recover it back through taxation. According to our source, the president has usurped the position of the State, is so corrupt that he does not know the distinction between his and the State's property. The president bribed the four contractors each with four million dalasis but warned that if that they will be kicking against the walls of Mile Two prisons if they fail to complete is work at the market in three months.
Rather than allowing the government to do the job and maintain revenue for the State, President Jammeh has not only stopped at personally owning the Serrekunda market but has proceeded to unveil plan of building a series of mighty shopping malls along the Kombo Coastal road.
Recently, the President announced that he was going to personally use his own money to rescue the country from its economic misery. Then came his establishment of a major bakery chain in the country. The first and main of this break factories is situated along Kairaba Avenue in a building he seized from a businessman named Banta Kaira. The president also owns a new cement importing and trading business that uses the Ports Authority ware houses without either paying import duties or port taxation. In addition to building a whole city out of his home village draped with gigantic hotels, zoos and an artificial river, President Jammeh also seized lands of his own community and started the biggest farm in the West African sub region known as the Kanilai Farm. He also owns a chain of butcheries and sheep trading, apparently, he is the leader in every major business in the country. These have lead to major natural and economic disaster in the country, because the countries wildlife has been cleansed ion order to feed his zoo, while the Kanilai Farm, like his other businesses, has taken local businessmen out of business; out of competition. Thus, most businessmen are currently relocating to neighboring countries mostly Sierra Leone and Guinea Bissau.
But President Jammeh seems unmoved by the critics and is no short of cash. Recently, he dished out cash in suitcases, to twenty-nine Gambian football players, stolen money that could better be used in meaningful national projects. Some economists in the country have predicted that The Gambia risks a major economic crisis may be lurking if the president does not suppressing the participation of the private sector in the local economy.