{"id":86509,"date":"2025-09-22T16:45:38","date_gmt":"2025-09-22T16:45:38","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/parliament-probes-amrc-exclusion-from-jammeh-asset-sales"},"modified":"2025-09-22T17:56:35","modified_gmt":"2025-09-22T17:56:35","slug":"parliament-probes-amrc-exclusion-from-jammeh-asset-sales","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/parliament-probes-amrc-exclusion-from-jammeh-asset-sales","title":{"rendered":"Parliament Probes AMRC Exclusion from Jammeh Asset Sales"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Former Attorney General and Minister of Justice, Abubacarr M. Tambadou, faced questions from the National Assembly\u2019s Special Select Committee over why the Asset Management and Recovery Corporation (AMRC) was sidelined in the disposal of assets seized from former President Yahya Jammeh.<\/b><\/p>\n

Lawmakers pressed Tambadou on why Alpha Barry, operating in a personal capacity, was appointed as receiver instead of AMRC, which was legally mandated to manage and dispose of state assets.<\/p>\n

Tambadou explained that the Janneh Commission had flagged AMRC for \u201cquestionable activities\u201d and recommended further investigations into its operations. Assigning AMRC responsibility for Jammeh\u2019s asset disposal, he argued, would have contradicted those findings.<\/p>\n

\u201cSo the Central Bank did not have the responsibility to dispose of assets. AMRC did. And here we\u2019re talking about the disposal of assets,\u201d Tambadou said, noting that the commission\u2019s report had cautioned against entrusting AMRC with sensitive financial responsibilities before its operations were fully reviewed.<\/p>\n

Committee members highlighted major transactions handled by Barry as receiver, including the sale of a Daniel Goddard Street property to the Gambia Ports Authority for D1 million, the Futurelec building to the Central Bank for D100.5 million, and Gambia Petroleum shares to Social Security, Star Oil, and GNPC for a combined D551 million.<\/p>\n

Hon. Mbowe argued that government-to-government transactions of such scale\u2014amounting to D652.5 million\u2014raised concerns about oversight.<\/p>\n

\u201cSo these three transactions alone, like we were saying, are government selling to government, amounting to 262 million. Now even if you take 10% of that, here you are talking about almost 65 million, and I can tell you the budget of the AMRC for five years is not even 65 million,\u201d Honorable Mbowe said<\/p>\n

Tambadou countered that such calculations were \u201ca simplistic approach,\u201d noting that Barry\u2019s fees had been reduced in 2020 and that Parliament had been duly informed.<\/p>\n

\u201cBut I think, honorable, that is a very simplistic approach to this process. First, Alpha Barry\u2019s fees were reduced, I believe back in June 2020. I appeared before the National Assembly and informed the Assembly that when we started out the process, it exceeded our expectations,\u201d the witness responded.<\/p>\n

He stressed that Barry was appointed on the basis of his personal qualifications\u2014experience in accounting, auditing, competence, integrity, and neutrality\u2014rather than through his firm, Alpha Kapital.<\/p>\n

\u201cAnd I can confirm that my engagement with Mr. Alpha Berry was done in his individual capacity. Just like my engagement with Augustus Prom was done in his individual capacity, so the issue of Alpha Capital is misinformation, let me put it that way,\u201d Tambadou clarified.<\/p>\n

He reiterated that while AMRC was formally mandated to handle asset disposal, entrusting it with Jammeh\u2019s multi-million dalasi portfolio without addressing the commission\u2019s concerns would have been \u201cirresponsible.\u201d<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Former Attorney General and Minister of Justice, Abubacarr M. Tambadou, faced questions from the National Assembly\u2019s Special Select Committee over why the Asset Management and Recovery Corporation (AMRC) was sidelined in the disposal of assets seized from former President Yahya Jammeh. Lawmakers pressed Tambadou on why Alpha Barry, operating in a personal […]<\/p>\n","protected":false},"author":84,"featured_media":86508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[260],"class_list":["post-86509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-gambia"],"yoast_head":"\nParliament Probes AMRC Exclusion from Jammeh Asset Sales - Gambia<\/title>\n<meta name=\"description\" content=\"Former Attorney General and Minister of Justice, Abubacarr M. 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