Somalia corrupt president Hassan Sheikh Mohamoud calls regional leaders to sign oil agreement with Coastal Exploration, reliable sources told Somali Times.
The leaders of the federal government of Somalia and the regional governments are meeting in Mogadishu to discuss oil agreement with Coastal Exploration.
Reliable sources told Somali Times have also confirmed to us that this meeting was announced by President Hassan Sheikh and will be held on the 27th of this month at Villa Somalia.
Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017
Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017
The heads of states that are members of the federal government of Somalia have arrived in Mogadishu.
It is big business Hassan Sheikh when it comes to steal Somalia resources it has not been announced how long this meeting will take, which is very sensitive.
The reports we are getting also say that the meeting of the leaders of the central government and the regional governments of the country to discuss how to share Somalia resources without going to Somalia parliament.
Coastal Exploration company tweet said they have given 7 million dollar to Hassan Sheikh and his corrupt government and the Minister of Petroleum, who is Hassan’s brother, to sign the agreement.
The agreement is invalid and is corruption involved no one see the agreement including the corrupt lawmakers Coastal Exploration has been known Soma Oil & Gas.
Soma Oil & Gas change their name to Coastal Exploration
Coastline Exploration said on Twitter, ”If our wells are successful, the Federal Government of Somalia receives a royalty of 5%, a profit split of 50%, and levels an income tax on Coastline Exploration at the rate of 30%. The government also has the right to take a direct interest in each discovery if it so chooses.”