Gambia commences sales of ex-president Jammeh's luxury cars, planes to pay off debt

Gambia commences sales of ex-president Jammeh's luxury cars, planes to pay off debt

- Gambia has begun the sales of several planes and fleet of luxury cars bought by ex-president, Yahya Jammeh

- The country seeks to reduce the huge debt contracted by the former authoritarian leader

- Jammeh, who fled the country in 2017, is currently living in exile in Equatorial Guinea

As Gambia seeks to reduce the huge debt contracted during the administration of ex-president, Yahya Jammeh, the country is selling several planes and fleet of luxury cars bought by the former authoritarian leader.

Jammeh fled the country in 2017 as West African neighbours were ready for military intervention to topple him after he refused to step down when he lost the presidential election to current President Adama Barrow, Reuters reports.

Legit.ng notes that after Jammeh went into exile in Equatorial Guinea with vast wealth which was said to have been packed into planes, a fleet of vehicles, including several Rolls-Royces with Jammeh’s name embroidered in their red leather headrests, were left behind on the tarmac.

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Gambia's finance minister, Amadou Sanneh, said: “The fleet of expensive vehicles at State House and the three planes bought by former president Yahya Jammeh have been put on sale. My ministry will soon start publicizing the sales.”

On Wednesday, May 9, the International Monetary Fund warned the country against any new borrowing after its debt stock reached 130 percent of gross domestic product at the end of 2017.

Jaroslaw Wieczorek, who led a recent IMF mission to Gambia, said: “Let me be very clear, it may even go higher because we have not opened the books of the state-owned enterprises. It could be a lot of liability.”

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Meanwhile, Legit.ng previously reported that Nigeria's President Muhammadu Buhari on Tuesday, January 16, in Abuja met behind closed doors with the visiting Gambia’s president, Adama Barrow, at the Presidential Villa, months after the removal of Yahya Jammeh from office.

Barrow, who visited Nigeria for the first time since his inauguration as Gambian president arrived the Presidential Villa at about 11.50 am.

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Source: Legit.ng

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