The Poorest President in the World.

No, he is not from shitholes like Somalia, Somaliland or Haiti, but the president of Uruguay. He donated 90% of his presidential salary to charities, lives in his debilitated one bedroom farm house, drove his Volkswagen 1960’s model. He was the former (left office 2015) president José Mujica of Uruguay.




The constitution of Uruguay limits presidents to only one term and he ruled from 2010-2015.
 
No, he is not from shitholes like Somalia, Somaliland or Haiti, but the president of Uruguay. He donated 90% of his presidential salary to charities, lives in his debilitated one bedroom farm house, drove his 1960's model of Volkswagen. He was the former (left office 2015) president José Mujica of Uruguay.




The constitution of Uruguay limits presidents to only one term and he ruled from 2010-2015.
@embarassing
 

@Libaaxseendheer

She is busy raiding the Central Bank of Somalia or negotiating a cut from the crooked British oil firm that recently invited our leaders to London.

How can we've an honest leader like him?

British Oil Firm Accused of Corruption in Somalia Exploration Deal .

VIDEO: A British oil exploration firm has been accused of paying off government officials in Somalia in return for rights to explore offshore for oil and gas. The company strongly denies the claims and says the deal could kick-start Somalia’s war-ravaged economy. VOA's Henry Ridgwell reports.


LONDON —

A British oil exploration firm has been accused of corrupt payments to government officials in Somalia in return for rights to explore offshore for hydrocarbons, a claim the company denies.

No one knows exactly how much oil and gas lies off Somalia’s coast, but some industry experts estimate the figure at 110 billion barrels.

In 2013, the British start-up firm Soma Oil and Gas signed an agreement with the Somali government to explore for hydrocarbons — the first exploration deal since Somalia plunged into civil war in the early 1990s.

Soma’s Chief Executive Bob Sheppard told VOA the site offers enough potential — if realized — to kick-start Somalia’s war-ravaged economy.

“So we think we’ve really started the hydrocarbon regime in Somalia, and ... as a result of that, we hope, with a bit of luck and some patience and commitment, that this Somalia can turn to be one of the major hydrocarbon provinces in East Africa,” Sheppard said.

The deal included what’s known as a "capacity building program" that is intended, Sheppard says, to pay the wages of key personnel, such as geologists.

But a confidential United Nations monitoring report leaked to the media says Soma paid a half-million dollars to senior Somali officials, including the director-general of Somalia’s oil ministry.

“We think the allegations are baseless," Sheppard said. "SOMA has always conducted its operations in a lawful and ethical manner.”

Britain’s Serious Fraud Office has launched an investigation into the deal, and Somalia’s government says it is also investigating the claims.

Mogadishu’s oil ministry points out that Soma was the only company willing to take the considerable security risks of exploring for oil off Somalia, one of the world's most unstable countries.

Somalia’s President Hassan Sheikh Mohamud said this week the country is working to attract further investment.

“Since we came to office, Somalia has been working very hard to attract direct foreign investment in the near future," he said. "To make that dream true, we have been preparing for the legal framework that makes this happen on the ground."

According to a report by Reuters, the U.N. in 2014 "called for a moratorium on any new exploration deals in Somalia, warning such agreements could fuel tensions and potentially spark new conflicts as rivals fight for resources in the fragile Horn of Africa nation."

Soma Oil is chaired by Lord Michael Howard, for leader of the British Conservative Party.

https://www.voanews.com/a/british-o...tion-in-somalia-exploration-deal/2979396.html

We were twerking for Michael Howard to steal "our" oil from Kenya.



Michael Howard oil corruption probe: UN report reveals 'serious conflicts of interest' at Soma

UK oil company accused of paying Somalia’s officials and independent legal adviser.

https://www.independent.co.uk/news/...-lord-howard-firm-s-sfo-inquiry-10444655.html
 
Old news. You're 5 years late Mr @AussieHustler

@Karim

I know, will Puntland have such a President in the future? Faroole refuses to return to his government issued house in Melbourne, he’s enjoying his newly found millions (rumoured to live in his villa in a Gulf State) collected from Range Resources and others and how long would Puntlanders tolerate such corrupt leaders?
 
@Libaaxseendheer

She is busy raiding the Central Bank of Somalia or negotiating a cut from the crooked British oil firm that recently invited our leaders to London.

How can we've an honest leader like him?

British Oil Firm Accused of Corruption in Somalia Exploration Deal .

VIDEO: A British oil exploration firm has been accused of paying off government officials in Somalia in return for rights to explore offshore for oil and gas. The company strongly denies the claims and says the deal could kick-start Somalia’s war-ravaged economy. VOA's Henry Ridgwell reports.


LONDON —

A British oil exploration firm has been accused of corrupt payments to government officials in Somalia in return for rights to explore offshore for hydrocarbons, a claim the company denies.

No one knows exactly how much oil and gas lies off Somalia’s coast, but some industry experts estimate the figure at 110 billion barrels.

In 2013, the British start-up firm Soma Oil and Gas signed an agreement with the Somali government to explore for hydrocarbons — the first exploration deal since Somalia plunged into civil war in the early 1990s.

Soma’s Chief Executive Bob Sheppard told VOA the site offers enough potential — if realized — to kick-start Somalia’s war-ravaged economy.

“So we think we’ve really started the hydrocarbon regime in Somalia, and ... as a result of that, we hope, with a bit of luck and some patience and commitment, that this Somalia can turn to be one of the major hydrocarbon provinces in East Africa,” Sheppard said.

The deal included what’s known as a "capacity building program" that is intended, Sheppard says, to pay the wages of key personnel, such as geologists.

But a confidential United Nations monitoring report leaked to the media says Soma paid a half-million dollars to senior Somali officials, including the director-general of Somalia’s oil ministry.

“We think the allegations are baseless," Sheppard said. "SOMA has always conducted its operations in a lawful and ethical manner.”

Britain’s Serious Fraud Office has launched an investigation into the deal, and Somalia’s government says it is also investigating the claims.

Mogadishu’s oil ministry points out that Soma was the only company willing to take the considerable security risks of exploring for oil off Somalia, one of the world's most unstable countries.

Somalia’s President Hassan Sheikh Mohamud said this week the country is working to attract further investment.

“Since we came to office, Somalia has been working very hard to attract direct foreign investment in the near future," he said. "To make that dream true, we have been preparing for the legal framework that makes this happen on the ground."

According to a report by Reuters, the U.N. in 2014 "called for a moratorium on any new exploration deals in Somalia, warning such agreements could fuel tensions and potentially spark new conflicts as rivals fight for resources in the fragile Horn of Africa nation."

Soma Oil is chaired by Lord Michael Howard, for leader of the British Conservative Party.

https://www.voanews.com/a/british-o...tion-in-somalia-exploration-deal/2979396.html

We were twerking for Michael Howard to steal "our" oil from Kenya.



Michael Howard oil corruption probe: UN report reveals 'serious conflicts of interest' at Soma

UK oil company accused of paying Somalia’s officials and independent legal adviser.

https://www.independent.co.uk/news/...-lord-howard-firm-s-sfo-inquiry-10444655.html
Even you Yohannes? :gucciwhat::bell:
 
@Libaaxseendheer

She is busy raiding the Central Bank of Somalia or negotiating a cut from the crooked British oil firm that recently invited our leaders to London.

How can we've an honest leader like him?

British Oil Firm Accused of Corruption in Somalia Exploration Deal .

VIDEO: A British oil exploration firm has been accused of paying off government officials in Somalia in return for rights to explore offshore for oil and gas. The company strongly denies the claims and says the deal could kick-start Somalia’s war-ravaged economy. VOA's Henry Ridgwell reports.


LONDON —

A British oil exploration firm has been accused of corrupt payments to government officials in Somalia in return for rights to explore offshore for hydrocarbons, a claim the company denies.

No one knows exactly how much oil and gas lies off Somalia’s coast, but some industry experts estimate the figure at 110 billion barrels.

In 2013, the British start-up firm Soma Oil and Gas signed an agreement with the Somali government to explore for hydrocarbons — the first exploration deal since Somalia plunged into civil war in the early 1990s.

Soma’s Chief Executive Bob Sheppard told VOA the site offers enough potential — if realized — to kick-start Somalia’s war-ravaged economy.

“So we think we’ve really started the hydrocarbon regime in Somalia, and ... as a result of that, we hope, with a bit of luck and some patience and commitment, that this Somalia can turn to be one of the major hydrocarbon provinces in East Africa,” Sheppard said.

The deal included what’s known as a "capacity building program" that is intended, Sheppard says, to pay the wages of key personnel, such as geologists.

But a confidential United Nations monitoring report leaked to the media says Soma paid a half-million dollars to senior Somali officials, including the director-general of Somalia’s oil ministry.

“We think the allegations are baseless," Sheppard said. "SOMA has always conducted its operations in a lawful and ethical manner.”

Britain’s Serious Fraud Office has launched an investigation into the deal, and Somalia’s government says it is also investigating the claims.

Mogadishu’s oil ministry points out that Soma was the only company willing to take the considerable security risks of exploring for oil off Somalia, one of the world's most unstable countries.

Somalia’s President Hassan Sheikh Mohamud said this week the country is working to attract further investment.

“Since we came to office, Somalia has been working very hard to attract direct foreign investment in the near future," he said. "To make that dream true, we have been preparing for the legal framework that makes this happen on the ground."

According to a report by Reuters, the U.N. in 2014 "called for a moratorium on any new exploration deals in Somalia, warning such agreements could fuel tensions and potentially spark new conflicts as rivals fight for resources in the fragile Horn of Africa nation."

Soma Oil is chaired by Lord Michael Howard, for leader of the British Conservative Party.

https://www.voanews.com/a/british-o...tion-in-somalia-exploration-deal/2979396.html

We were twerking for Michael Howard to steal "our" oil from Kenya.



Michael Howard oil corruption probe: UN report reveals 'serious conflicts of interest' at Soma

UK oil company accused of paying Somalia’s officials and independent legal adviser.

https://www.independent.co.uk/news/...-lord-howard-firm-s-sfo-inquiry-10444655.html
It could kick start the country's war ravaged economy. Some corruption, embezzlement and afew more bumps in the road but we will be better at it in the future.
 

Karim

I could agree with you but then we’d both be wrong
HALYEEY
VIP
@Karim

I know, will Puntland have such a President in the future? Faroole refuses to return to his government issued house in Melbourne, he’s enjoying his newly found millions (rumoured to live in his villa in a Gulf State) collected from Range Resources and others and how long would Puntlanders tolerate such corrupt leaders?
Faroole was a saint and decisive leader. Puntland was doing much better under his reign than any other president imo apart from Abdullahi Yusuf. His charisma and domineering personality used to struck fear in many hearts.
 
Even you Yohannes? :gucciwhat::bell:


@embarassing

What do you think of this leader? If he was a Somali, he would’ve never been elected in the first place because his clan would’ve disowned him or declared him insane.

It could kick start the country's war ravaged economy. Some corruption, embezzlement and afew more bumps in the road but we will be better at it in the future.

@Libaaxseendheer

Sxb, if they can get away with it, the Somali individual would steal and we celebrate graft and corruption. We talk in awe and admiration when a former politician preferably a clan relative suddenly becomes wealthy from his office of power. We are inherently a corrupt society. People always get the politicians they deserve.
 
Faroole was a saint and decisive leader. Puntland was doing much better under his reign than any other president imo apart from Abdullahi Yusuf. His charisma and domineering personality used to struck fear in many hearts.

@Karim

I do agree with every point you made above and my concern wasn’t a strong and a charismatic leader but corruption. I used him as an example, but this phenomenon is widespread and has been institutionalised in Puntland, Somaliland, Mogadishu and every jurisdiction in Somalia. No wonder then, we’ve won the most corrupt nation title for many years of the last decade.
 

repo

Recess
VIP
What I found the funniest about his story is how an rich Arab sheikh wanted to buy his WV Beetle for 1 million. :snoop:
 
I think all presidents and politicians should have their assets monitored by an independent body to prevent corruption.
 

Caraweelo

President of the Secular Republic of Somalia
A great example of a true leader. somali leaders will never even be a decent leader because the foundation they came from (4.5 clan system) is corrupted and corruption system will not create a good leader.
 

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