The Gambia Selling Jammeh's Luxury Cars, Planes To Settle Debt

Yahya Jammeh

The government of The Gambia is selling several planes and luxury cars acquired by ex-president Yahya Jammeh in order to reduce debt.

The country said Jammeh contracted many debts during the his decades-long rule.

Jammeh, who forcefully took over power in a 1994 coup, fled The Gambia early 2017 as West African neighbours were poised for military intervention to topple him.

He was forced out of office after he refused to step down following an election loss to current President Adama Barrow.

While most of his people struggled in poverty, it was learned that Jammeh acquired vast wealth.

Much of the wealth he packed into planes and carried with him into exile in Equatorial Guinea.

“The fleet of expensive vehicles at State House and the three planes bought by former president Yahya Jammeh have been put on sale,” Finance Minister Amadou Sanneh told the media.

“My ministry will soon start publicising the sales,” He said.

The International Monetary Fund (IMF) warned The Gambia on Wednesday against any new borrowing after its debt stock reached 130 per cent of Gross Domestic Product at the end of last year.





Disclaimer: Stories culled and pictures posted on this blog will be given due credit and is not the fault of drifternews.blogspot.com if website culled from misrepresents source of story.