"LE GABON ENERVANT" OR "ANNOYING GABON"

 

 

 

 

 

 

 

 

 

 

English version   Franck Yann Koubdje is the former Director General of Public Accounting and the Treasury in Gabon, a position that encompasses the responsibilities of the Treasury Paymaster General ( Trésorier Payeur Général - TPG ), who was heavily and widely cited as an accomplice at the heart of the embezzlement schemes during the trial of the Bongo-Valentin and some of their underlings. Some, masters and mistresses in the very Gabonese art of defending the indefensible, tell us that Yann Koubge was merely an executor, therefore responsible for nothing. Oh no! We want to emphasize here the importance and complexity of the role of the Treasury Paymaster General (TPG), who is the principal public accountant of a country. Consequently, their duties go far beyond the simple execution of tasks. They are responsible for managing public funds, collecting revenue, and paying the state's expenses, guaranteeing the regularity and integrity of the accounts. The TPG must therefore exercis...

 

 

 

English version   Albert Bernard Bongo came to power in 1967. He was to remain in power for 42 years, and throughout that time, he plundered Gabon with ferocious voracity. Albert Bernard Bongo, who became Omar, married Joséphine Nkama, who also plundered whatever there was to plunder. Joséphine Nkama has a brother, Asselé, who also spent most of his time plundering Gabon. Then there were Jérôme Okinda and his nephew Lemboumba, who also plundered. Rawiri plundered and plundered again. Gustave Bongo plundered; let's not even mention Pascaline Bongo; Ali Bongo and his Young Team; Accrombessi and the foreign legion. The French, led by Kerangall; how can one not mention Mborantsuo? Let’s not forget Dossou who plundered Gabonese oil. Gabon is being plundered from all sides, and has been for 50 years; yet the country endures: Gabon must be incredibly rich! If Gabon had even remotely decent leaders, its wealth would make Qatar look like a small fry. Qatar only has natural gas and oil, just...

English version  Senegal joins Gabon, Mozambique in Africa trio on verge of debt distress Senegalese bonds plunged to fresh record lows, placing the West African nation into debt-distress territory, according to a measure widely considered to be the threshold that locks countries out of global capital markets. The sovereign risk premium on Senegal’s bonds over US Treasuries widened to 1 077 basis points on Wednesday — the highest on record, according to JPMorgan Chase & Co. data. That places the country among other African issuers whose debt is trading at or near 1 000 — seen as a marker of distress. Mozambique’s spread is at 965 basis points, and Gabon’s earlier this month traded above the threshold. Senegalese bonds have weakened sharply this week after the International Monetary Fund ended a visit to the West African nation without an agreement on a new funding program, and the nation’s government signalled its opposition to any restructuring. The country’s previous $1.8 bil...

    English version   A kangaroo court is an expression used in anglo-saxon countries to designate an informal, mock, or sham judicial proceeding that deliberately disregards accepted legal standards and principles of justice.   In kangaroo courts, the outcome is often predetermined, and the accused is typically denied fundamental due process rights, such as the right to an impartial judge, to present evidence, or to confront accusers.   The proceedings against the Bongo-Valentins in Gabon bear all the characteristics of a kangaroo court. These proceedings are showing that the Gabonese court operates in absence of due process, and that essential constitutional and legal safeguards are ignored.   It is clear that these proceedings are bias and have predetermined outcomes. The judgment has been decided in advance, and these proceedings are merely a formality designed to validate the intended result.   The term “kangaroo court” is a ...