Somali government recalls former central bank governor

Whatsapp News

By Reuters/NAN

Somalia’s government has lined up a former governor of the central bank to return to the job temporarily in its bid to steady an institution that has been rocked by corruption.

Finance Minister Mohamud Suleiman told Reuters on that Bashir Ali, a governor under a former transitional government who also held a top post in Somalia’s commercial bank, has been asked to take up post on an interim basis.

“There is an understanding with him and government that he holds that position temporarily but there is no cabinet approval.

“There is a council of ministers meeting today and his appointment is on agenda.”

“He is widely experienced and also a man of integrity,” he said

Suleiman added that Ali began his banking career in 1960s and has held several top posts.


A report says that governors had left in quick succession this year.

first was accused by U.N. investigators of corruption, which he denied and the second quit and fled Somalia, saying she was under pressure to sign off on shady dealings.

government has denied any corruption, but the departures have undermined donor confidence in the bank whose probity is seen as vital to the rebuilding effort.

The minister, speaking by telephone from Mogadishu before a cabinet meeting, did not explain why Ali would not be given the post on a permanent basis.

The Western and other donors, that had poured aid into Somalia to help prevent an Islamist militant resurgence, had pressed the government to clean up its finances.

The Diplomats said that the central bank saga has hurt confidence in the government.

The first woman governor, Yusur Abrar, resigned and fled Somalia a month ago after less than months in the post, citing pressure to authorise improper deals, accusations the government denied.

She had taken over from Abdusalam Omer, who left in September after holding the post since February.

The U.N. monitoring group report linked him to irregularities in central bank withdrawals, a charge he and the government denied.

The Western nations and others in the region see Somalia’s reconstruction as vital to preventing the Islamist militant al Shabaab group from regaining ground after being pushed out of major urban areas by an African peacekeeping force.