File Photo/Somali Times
Puntland government said that no foreign company, private or public, including SOMTURK, can carry out any operations such as fishing investment, coast guard or other activities in the sea and land of Puntland, without prior approval and permission from the relevant institutions in Puntland.
Read: The end: US loses all faith in Somalia’s corrupt tyrant former President Hassan Sheikh
Read: Somalia corrupt president Hassan Sheikh kills demonstrators
Read: Turkey approves $30 million in aid to support Hassan Sheikh and his family
Read: Israel establishes intelligence base in Somaliland northern Somalia
Read: Somalia is the number 1 country for corruption
Read: Why is Somalia an unfortunate country
Read: Puntland says lifting of arms embargo on Somalia a major threat
In a press release issued by Puntland, it said that this decision is in accordance with Articles 44, 142, 51, 52, 53 and 54 of the Transitional Federal Constitution of Somalia (2012), as well as Articles 4 and 54 of the Puntland Constitution.
Read: Somalia dodgy president Hassan Sheikh to submit new constitutional amendments to parliament
Read: Somalia President Hassan Sheikh and his family are corrupt
Read: Somalia president Hassan Sheikh richest man in Africa for corruption
Read: Somalia’s president Hassan Sheikh history of corruption 2012-2017
Puntland said that Federal Government institutions do not have the legal authority to issue licenses or enter into investment agreements related to the sea and land of Puntland.
Read: Exclusive: Somalia airspace revenue collected by Hassan Sheikh and his family
Read: Turkey benefits under oil agreement with Somalia corrupt president
Read: Somalia corrupt president Hassan Sheikh planning to sell Nugal Valley Basin
Puntland said Somalia has adopted a federal system, but negotiations are still ongoing to finalize its structure. It argued that the Federal Constitution provides for cooperation and consultation between the Federal Government and the Regional States, and that national resource issues are managed through negotiation.
Read: Somalia corrupt president Hassan Sheikh failed in both domestic and international politics
Read: Somalia President Hassan Sheikh and his family become the richest in Africa
Read: Egypt pressures Somalia President Hassan Sheikh to cut ties with Ethiopia
Read: Somalia’s corruption is widespread throughout the regime
Read: Somalia Hassan Sheikh’s government is facing a widespread financial crisis and the causes
Read: Somalia President meets Ugandan dictator Yoweri Museveni for advice
Read: Somalia officials abuse diplomatic passports for immigration fraud and human trafficking
Read: Exclusive: No money in the Treasury account of Somalia
Read: Djibouti people love to see without dictator Ismaïl Omar Guelleh 2025
The statement also stated that Puntland’s position is based on its Constitution, which states that Puntland’s resources belong to the people of Puntland, and Puntland is responsible for their management and utilization. Puntland added that it will continue to exercise the constitutional powers granted to it by the Puntland Constitution until the federal system is finalized.