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Chad: Recovery of embezzled funds from the national oil company

11/07/2022
Categories: General Information

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More than 80% of the $22 million in resources stolen from the national oil company has been recovered, according to a statement by the president of the transition.

13.9 billion CFA francs embezzled from the national oil company was announced by Chadian government spokesman Abderamane Koulamallah on June 24. More than 80% of this amount has been recovered, according to the president of the transition. The company's general managers were dismissed, according to the local press, in this financial scandal which occurred at a time when the country was placed in a state of food and nutrition emergency. Investigations are continuing to recover all the funds stolen in this case. It should be noted that the president of the transition invited citizens to support efforts to eradicate corruption during his speech last Saturday.

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