Somalia President will become the richest man in Africa due to corruption

Photographer Somali Times

In May 2022, Hassan Sheikh Mohamoud, was re-elected as the country’s president despite being heavily criticized for massive corruption, restrictions on the media and abuse of power during his previous term in office 2012-2017.

Then Hassan Sheikh was reelected 15 May 2022 and he started corruption together with his 2 wives, brothers, daughter, sons, sons in law, sister, nephew, nieces and relatives committing massive corruption controlling all of the resources including aid, tenders, budget for the government, airports, ports, looting public land and all the income go to their private accounts according to sources close to Hassan Sheikh’s family told Somali Times.

Read: Why is Somalia an unfortunate country?

Somalia corrupt president Hassan Sheikh Mohamoud and his whole family in the past stealing Somalia public funds 10 September 2012 – 16 February 2017 more then $500 million according Somali officials told Somali Times. The time he was in office for 5 years he never paid civil servants, army forces, police and the whole ministry their wages.

Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017

Mr Hassan Sheikh Mohamoud was a teacher before he became the Somalia president and now he is a multimillionaire, owning properties in Turkey, Kenya, Tanzania, Europe, Mauritius and around the world, according to Somali officials told Somali Times.

Somalia president Hassan Sheikh leaves office 2026 will be the richest man in Africa.

Read: Exclusive: Somalia President Hassan Sheikh intends to sell embassy properties

Somalia has long been known for its high levels of corruption, with the country consistently ranking among the most corrupt nations in the world. The problem has pervaded every aspect of the country’s public life, from the highest levels of government to local administrations, and has been a major impediment to progress and development. It has led to the diversion of public funds, the mismanagement of resources, and the undermining of public trust.

For the most part the resultant dysfunctional institutions take the blame for the continuing corruption because they enable misrule.

A lack of any form of regulatory mechanisms to address the situation means corruption continues to remain rampant.