By: Fatou Krubally
The Governor of the Central Bank of The Gambia (CBG), Buah Saidy, has disclosed that a total of $2,105,547.57 was recovered from a United States dollar account linked to the former regime of Yahya Jammeh.
The funds, deposited under the instructions of the Accountant General, were fully withdrawn in line with government procedures.
Governor Saidy provided the details yesterday during his appearance before the National Assembly’s Special Select Committee, which is investigating the sale and disposal of assets identified by the Janneh Commission.
According to Governor Saidy, the USD account was opened on October 3, 2017, and received its first deposit of $258,506.25 later that month. Over the course of its operation, the account saw multiple deposits and withdrawals, culminating in a total balance of zero as of September 17, 2025, after all funds were properly transferred under government instruction.
The CBG Governor emphasized that access to the account was strictly controlled, with withdrawals authorized only by the Accountant General and executed through the bank’s electronic transfer system. Signatories included key Central Bank officials, ensuring transparency and accountability.
Governor Saidy also shed light on the Gambia Dalasi account, opened in September 2017, which handled a total inflow of over 1.68 billion GMD. The majority of these transactions were similarly guided by the Accountant General, with reconciliations conducted regularly to maintain accurate records.
On the matter of asset recovery, Governor Saidy confirmed that the bank had purchased the Future Leak Building, formerly known as Arctic Avenue, using funds recovered from Jammeh-linked accounts. The property, acquired for 105.25 million GMD, is intended to serve as the Central Bank’s new headquarters, providing modern facilities for the institution’s expanding operations.
“The Central Bank’s role is custodial and operational,” Governor Saidy explained. “We act strictly under the guidance of the Accountant General, ensuring every transaction is recorded and compliant with regulations.”
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By: Fatou Krubally The Governor of the Central Bank of The Gambia (CBG), Buah Saidy, has disclosed that a total…
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