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In my latest study, I have examined Turkish private Co. 10yr concessions in Somalia, and uncovered the following:
1- Favori LLC increased its rev. share from 55% to 96%.
2-While Albayrak has increased its rev. share from 45% to 84%.
Let me explain how it happened #Thread #TABEF
1- Favori LLC increased its rev. share from 55% to 96%.
2-While Albayrak has increased its rev. share from 45% to 84%.
Let me explain how it happened #Thread #TABEF
in 2014 Auditor-General Nur Fahar wanted to audit Favori LLC and Albayrak concessions but was blocked by both companies. In 2015 @SahraCabdi with @voasomali interviewed him; where he raised his concerns and lack of corporation from Favori LLC & Albayrak.
voasomali.com/a/3123023.html
voasomali.com/a/3123023.html
Lo and behold, Nur Farah's decries prompted the parliament to form Somalia’s Financial Government Committee (FGC) to review all public procurement and concessions: published a detailed report with recommendations. However, the FGC failed to audit the revenue share.
