Africa-Press – Gambia. Alpha Barry, Co-Partner of Alpha Kapital Advisory and receiver of former President Yahya Jammeh’s assets, testified before the National Assembly Special Select Committee that 15 of Jammeh’s properties in Banjul were sold for a total of D94.75 million.
Barry explained that the sales process commenced following the handover of a master list detailing all assets, including some that were not intended for sale.
“It just listed all the assets and also listed some assets that were not even to be sold, but it identified those assets as such,” he said.
He further testified that the first phase of property sales was publicly advertised in local newspapers and on a dedicated website, www.trusty.gm, to attract prospective bidders. Bids were submitted both in hard copy and electronically, with password protection to ensure confidentiality.
“In the spirit of transparency, the trustee teams proceeded to the Ministry of Justice with sealed bids, and evaluation processes were usually chaired by the solicitor general. The SG opens the bids and announces the respective bid amounts to the team, which are duly collected and ranked to determine the highest bidder,” Barry said.
He added that successful bidders were informed the same day and issued formal offer letters specifying the property, the amount, and a seven-day deadline for payment into a designated Eco Bank account. Legal deeds of conveyance were prepared and executed upon completion of payment.
Barry also noted that the receivership website updates the status of properties—sold properties are removed while unsold properties remain listed for transparency. The website, temporarily closed, was reactivated on May 13 following public inquiries.
“So the properties currently visible on the website are they unsold?” she asked.
In response to a question on the status of the properties listed online, Barry clarified, “Yes, most of the properties currently visible have not been sold. Some bidders withdrew, including for properties at YaramBamba, and certain advertised properties had not attracted buyers pending government approval for subsequent phases.”
He concluded by confirming that all payments for phase one had been fully received and emphasized that no external companies were involved; only officials from the Ministry of Justice and sheriffs responsible for asset identification participated in the process.
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