Somalia bank governor asks U.N. for audit amid 'slush fund' claims
The governor of the Central Bank of Somalia said on Thursday he had asked the United Nations for help in conducting an independent audit of the nascent institution after U.N. monitors described it as a "slush fund" for private purposes.
U.N. experts, who monitor Security Council sanctions on Somalia and Eritrea, reported that money at the Central Bank of Somalia was not used to run government institutions in the war-torn Horn of Africa country and that an average 80 percent of withdrawals were made for private purposes.
Central Bank Governor Abdusalam Omer denied allegations by the U.N. experts that linked him to irregularities regarding millions of dollars withdrawn from the bank, saying the charges were malicious and baseless.
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