Damning new evidence against new PM?!! & Farmaajo

[Futurist]

So after 10 minutes of research, there is some interesting information available about the new PM who has been appointed by Farmaajo. There are serious concerns about his involvement with a range of issues.

1. He was involved with SomaOil, who have been investigated by the UK's serious fraud office for alleged corruption.

https://www.theguardian.com/business/20 ... malia-deal

2. He was accused of being involved with Al Shabab by the Somalia and Eritrea monitoring group. The American law firm Shulman Rogers seems to have defended him against these claims in a video that has now been circulated on YouTube. The video features the lawyer Jeremy Schulman, who appears to be a named partner at the firm and it is highly unusual for a named partner to get involved with a case like this.

http://idalenews.com/archives/55233


3. This same firm Shulman Rogers (full name is: Shulman, Rogers, Gandal, Pordy & Ecker, P.A) was first appointed by Sheikh Shariff Sheikh Ahmed then President (who also appointed FARMAAJO as his Prime Minister) to ‘recover’ the Somali government’s assets that were frozen in international banks in the early 90’s. Almost nothing has been seen in terms of these assets coming back to the Somali government.

https://www.ft.com/content/eb40eba0-3e3 ... 144feabdc0

4. However this firm is estimated to be taking 30% of any assets it recovers which is an extortionate amount. Again very little is known about what happened to these assets that they were meant to have recovered.

5. There is no transparency whatsoever of what their role is, how muxh money they have recovered on behalf of the Somali government, or what they have done with this money. There are serious concerns about corruption, aprropriation/siphoning of funds and how [un]ethical and morally responsible their work is.

6. Yusur Abrar has now also shown the world that this firm is involved in shady deals with corrupt officials and that there is a clear intention on part of these officials to appropriate these assets and to stash the recovered monies in personal bank accounts.

In her [resignation] letter to Hassan Sheikh Mohamud, Somalia’s president, Yusur Abrar (Somalia’s Central Bank governor) said: “From the moment I was appointed, I have continuously been asked to sanction deals and violate my fiduciary responsibility to the Somali people as head of the nation’s monetary authority.”

In the strongly worded letter, seen by the Financial Times, Ms Yussur – a former banker at Citigroup who had not lived in Somalia for several decades – said she believed that these deals “put . . . frozen assets at risk and open the door to corruption”.

In her letter, Ms Yussur also said she “vehemently refused to sanction the contract” with Shulman Rogers, a US law firm contracted to recover overseas assets frozen since before the civil war started in 1991. The same company was also hired to discredit the UN allegations of financial mismanagement ahead of a Brussels aid conference at which donors ultimately pledged $2.4bn, in what UN experts said was a conflict of interest. The law firm has previously denied any conflict of interest and said the UN experts made unfounded allegations.

Source: http://www.awdalpress.com/index/shirqoo ... -guutaale/

Last year (2009), President Sheikh Sharif Sheikh Ahmed appointed Mr. Amalow to lead the effort to recover the funds. The government contracted Maryland-based law firm Shulman, Rogers, Gandal, Pordy & Ecker, P.A., to help recover the assets, according to a copy of the agreement between the two parties that was seen by The Wall Street Journal.

A representative of Shulman Rogers confirmed that the firm was working to recover assets on behalf of the Somali government. The firm has experience in tracing and recovering assets, often for companies or wealthy individuals.

Work on recovering the money began in earnest in February. At least $1.5 million has been recovered from European banks so far, according to a Somali government official familiar with the process. He declined to offer further details.

Source: http://m.ft.com/cms/s/0/5bf9ac6c-4319-1 ... abdc0.html

[Futurist]

The video isnt working

https://www.youtube.com/watch?v=GcnEtZJ1cc0

[JamalAddow]

Farmaajo done effed up. All my hope for Farmaajo's reign is gone. All them Hawiye, Darood, Jareers and Cadcads have been dancing for absolutely no reason.

We need to wake and smell the coffee. The guy is Norwegian, worked for the Norwegians, and it was the Norwegians that bank rolled Kenya's claim against Somalia, it was Norway that told Hassan Sheikh to claim less in our water territories, they pay for everything from MPs' wages to Presidents' protection.

So what did we expect when Somalia is actually owned by foreigners, that we'd rule ourselves?

[Futurist]

Farmaajo done effed up. All my hope for Farmaajo's reign is gone. All them Hawiye, Darood, Jareers and Cadcads have been dancing for absolutely no reason.

We need to wake and smell the coffee. The guy is Norwegian, worked for the Norwegians, and it was the Norwegians that bank rolled Kenya's claim against Somalia, it was Norway that told Hassan Sheikh to claim less in our water territories, they pay for everything from MPs' wages to Presidents' protection.

So what did we expect when Somalia is actually owned by foreigners, that we'd rule ourselves?

Walahi something is not right here. Something smells fishy. Is it a pure coincidence that an unnkown Norwegian Somali working in the oil industry is appointed PM at a point where Somalia is in court trying to defend its territorial waters against Kenya and Norwegian oil firms?

Hassan Kheyre used to work for the Norwegian Refugee Council, which is funded by the Norwegian Ministry of Foreign Affairs. We know that Norwegian oil firms have been accused of trying to appropriate Somali territorial waters through their work with Kenya. Just as Somalia is starting its ICJ case against Kenya and the Norwegian Oil company



http://www.reuters.com/article/somalia- ... HV20140903

[PrinceDaadi]

Farmaajo done effed up. All my hope for Farmaajo's reign is gone. All them Hawiye, Darood, Jareers and Cadcads have been dancing for absolutely no reason.

We need to wake and smell the coffee. The guy is Norwegian, worked for the Norwegians, and it was the Norwegians that bank rolled Kenya's claim against Somalia, it was Norway that told Hassan Sheikh to claim less in our water territories, they pay for everything from MPs' wages to Presidents' protection.

So what did we expect when Somalia is actually owned by foreigners, that we'd rule ourselves?

Walahi something is not right here. Something smells fishy. Is it a pure coincidence that an unnkown Norwegian Somali working in the oil industry is appointed PM at a point where Somalia is in court trying to defend its territorial waters against Kenya and Norwegian oil firms?

Hassan Kheyre used to work for the Norwegian Refugee Council, which is funded by the Norwegian Ministry of Foreign Affairs. We know that Norwegian oil firms have been accused of trying to appropriate Somali territorial waters through their work with Kenya. Just as Somalia is starting its ICJ case against Kenya and the Norwegian Oil company



http://www.reuters.com/article/somalia- ... HV20140903

Why are you selective?

A dispatch from the SEMG panel's coordinator to the Security Council last year affirmed that he was no longer under investigations.

“The SEMG has investigated links between Mr. Hassan Khaire and extremist groups,” it states. “I wish to confirm that the SEMG has not found credible evidence of such links and that, in the absence of any new information received by the SEMG clearly demonstrating such links, we now consider this line of inquiry to have reached a conclusion.”

Similarily, the SFO ended its investigation of Soma Oil after a 17-month probe into the company's inner workings.

An SFO spokesman said: "The SFO has concluded, based on the information and material we have obtained, that there is insufficient evidence to provide a realistic prospect of conviction.

[Murax]

I agree...the optics of this don't look good. Hopefully this turns out to be a coincidence...Otherwise its scary.

[Futurist]

The new prime minister was a board member of Soma Oil & Gas until TODAY. This company wants to enter a production sharing agreement in which it gets 90 PERCENT of all Somali oil revenues.

Now this same guy is forming the Somali government. He will be negotiating the same deal with Soma Oil that his board originally proposed. Does he take us for fools

Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oil revenue.

A draft production-sharing agreement, obtained by Bloomberg from an official close to the negotiations, sets the state’s share of revenue on the first 25,000 barrels per day at 10 percent if found at a depth of greater than 1,000 meters (3,281 feet) and when oil costs less than $70 a barrel. If output exceeds 150,000 barrels, Somalia’s take rises to 30 percent. Crude for delivery in June fell 0.4 percent to $57.30 a barrel at 4:45 p.m. in London on Thursday.

Any deal with Somalia will include terms that are “fair and balanced” and reflect those signed in other high-risk, offshore oil and gas jurisdictions, Chief Executive Officer Robert Sheppard said in an e-mailed response to questions on May 27. “The proposals being discussed are in line with current industry standards.”

Somalia is trying to attract investors to help rebuild its economy after African Union-backed government forces regained control of parts of its central and southern region seized by al-Shabaab in an insurgency that began in 2006. The Horn of Africa nation is scheduled to hold a general election in 2016, the first since 1967, according to the Heritage Institute, a Mogadishu-based research organization.

Oil and gas output may start by 2020 after exploration work showed the potential for “huge” offshore deposits, former Petroleum Minister Da’ud Mohamed Omar said in February.

Production Model

The government is drafting a production-sharing-agreement model before signing any deals, Abdulkdir Abiikar Hussein, director of oil and gas exploration in Somalia, said in an e-mailed response to questions on April 20. All companies interested in exploring the country will have to abide by that code, he said.
“Very attractive fiscal terms will be used to lure international oil companies to work in Somalia,” Hussein said.

Fatima Mohamed, personal assistant to Petroleum Minister Mohamed Moktar Ibrahim, said that nothing had been signed and there were no developments when Bloomberg called to seek comment on the Soma proposal on May 25.

The draft agreement calls for the London-based company to be granted a four-year royalty holiday for oil and gas found less than 1,000 meters below the sea surface. Deeper finds should carry a six-year moratorium, the document shows. Soma also requested a moratorium on taxes for at least 10 years.

‘Significant’ Deferment

Johnny West, founder of Berlin-based OpenOil, the world’s largest public online database of oil contracts, compared the terms of the Soma PSA to nine “early-stage” offshore African contracts, including postwar Liberia, that have potentially high costs, high exploration risk and various degrees of political risk.

“None of them defer significant revenue streams to the government for as long as Soma,” he said. “The next lowest cap on upside to the government of a mega-find is effectively 60 percent of profit, half as much again as in the Soma deal,” he said in a phone interview.

Soma proposes that if oil prices are at $70 to $150 a barrel, the company receives 70 percent of revenue for the first 25,000 barrels and 50 percent on production in excess of 150,000 barrels per day. The company also offers the government 50 percent for the first 25,000 barrels and 30 percent for production above 150,000 barrels if oil rises above $150 per barrel -- which would be a record high.

Commercial Terms

“Normally, fiscal and commercial terms for petroleum exploration, development and production are carefully crafted by the host government to balance the perceived petroleum prospectivity of a region,” said Michael McWalter, an international oil and gas specialist and former adviser to the Ghanaian government.

“If oil and gas are abundant, the government takes a greater percentage of the net value of the petroleum after costs have been recovered, and conversely if not so abundant, the government takes less.”

The potential agreement with Soma would be a “terrible deal for the Somali people,” Barnaby Pace, a Somalia researcher for Global Witness, a London-based watchdog, said in an e-mail on May 21. “All parties should heed the United Nations Monitoring Group’s call for a moratorium on all new oil deals. A dash for oil may further destabilize Somalia.”

Soma has spent $40 million on seismic surveys of 60,000 square kilometers (23,166 square miles) off the Somali coast, according to the company’s website. In November, Sheppard said the company would give the government its processed seismic data by “late this year, early next year.”

The data will be transferred to the Petroleum Ministry by the end of the second quarter, Sheppard said this week.

http://www.bloomberg.com/news/articles/ ... draft-deal

[Futurist]

Farmaajo had at least one mass-murdering war criminal at his inauguration

butt he has the nerve to talk about reconciliation. indho adeyga iyo beenta.

[Futurist]

Southern politicians are not serious. Casually chilling with a war criminal. They welcomed him with open arms smh

This is why Somaliland can never unite again with the south

[Nomand]

take your false uproar and shove it up your arse.

he has been cleared from all you accuse him of. we support our new prime minister 100% whether you like it or not you will brought to heel. and somaliland will bend the knee

[JamalAddow]

Daroods have shamed themselves. Every year we said if we were running Mogadisho we'd make Somalia a better a place, now that we're in Villa Somalia, there's nothing changed. We might make it even worst with this Kheyre guy as a PM.

[xiimaaya]

Word on the street he hates idoor more than darood Mashllah

[xiimaaya]

Daroods have shamed themselves. Every year we said if we were running Mogadisho we'd make Somalia a better a place, now that we're in Villa Somalia, there's nothing changed. We might make it even worst with this Kheyre guy as a PM.

Amuus qaxbo LA fuulo

[sav12600]

we have no choice the country must support the new president, it's done and dusted this is the new pm even tho many would prefer to see a pm with a clean slate, it would have been a boost for the cheese mans popularity, wadani is the best seller in Somalia today,

I think the best pick would have been the carte (sl dude), because it would have demonstrated a change in usual Somali politics, nevertheless if this government fails, it's a failure for all of us yet we lose another four years.

[FarhanYare]

Farmaajo had at least one mass-murdering war criminal at his inauguration

butt he has the nerve to talk about reconciliation. indho adeyga iyo beenta.

This is adding insult to an injury.