Fight Economic Saboteurs in South Sudan Banks: An Open Letter to President Salva Kiir
Your Excellency, President Salva Kiir Mayardit, for South Sudan to survive the economic crunch, you must fight economic saboteurs within South Sudan Banks
By Abel Majur Leek, Juba, South Sudan
March 22, 2016 (SSB) —- So far, South Sudanese are genuinely convinced that you and your team are resolved to build a stable and prosperous nation; a country that is inclusive of all her diverse people and a country that is at ease with itself.
Every patriotic South Sudanese are also mindful of why relentless war against the cancer of corruption is necessary, and so far your administration is standing firm on this in the interest of all, especially the downtrodden in the society, this is indeed the beauty of modern and decent democracy. So long as corruption holds center stage in the affairs of South Sudan, the country will continue to suffer incalculable harm, but with your intervention sir, South Sudan is turning the tide for good.
However, there are some cartel in the South Sudan banks including the local bank who are flippantly and intermittently engaged in economic sabotage, their activities must be speedily checked, otherwise they will spoil the good image and goodwill that your administration enjoys from South Sudanese and friends of South Sudan.
What these so called big boys in these banks do is to arrange cronies and front businessmen abroad to apply for exchange of dollar on their behalf, and then find a way to get the money back to the black market for as much, this is outrageous and abnormal to say the least.
Sometimes, under ‘arrangement’, they get ‘legitimate businessmen’ to over-declare or inflate the value of their imports. Having used their ”connections” with forex agent in the businessmen, the difference in the assumed and real value of the imports is usually shared with the businessmen who, in any case, have much to gain from the transaction.
Customers of some banks who genuinely need dollar, especially those in the manufacturing and automobile business, have begun pointing accusing fingers at the some local bank for allocating forex that is more than necessary to big players , whilst other players are made to wait.
It is high time every citizen of South Sudan especially the anti-graft agencies began to put our officials in check especially with strong accusations of gratification being received by officials of the Central Bank of South Sudan (CBSS) and commercial banks before customers are able to obtain foreign exchange. This kind of news coming out of our financial market is not healthy for our financial system and if not urgently addressed it will ruin your efforts in the fight against corruption.
I urge you sir, Your Excellency, to look inwards and do the needful before it is too late. May God see you through and crown your efforts for success.
Please accept, Excellency, the assurances of my highest consideration.
The writer is a concern citizen; he can be reach via mail:abeleek2@gmail.com
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