A few inaccuracies aswell.
AVZ Discussion 2022
- Thread starter GazDix
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Frank
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Félix Tshisekedi instructs the IGF to ensure the regularity of practices in public companies
The President of the Democratic Republic of Congo (DRC), Félix-Tshisekedi, invited the General Inspectorate of Finance (IGF) to ensure the strict application of the provisions contained in the decrees, laws and regulations in terms of Business Management.
The resurgence of conflicts between statutory bodies within State portfolio companies and public establishments caught the attention of the President of the Republic, Félix Tshisekedi, during the 96th meeting of the Council of Ministers held on Friday April 28 2023.
Indeed, the General Inspectorate of Finance is called upon to ensure compliance with the provisions contained in the aforementioned Decrees, in particular the number of participants required at meetings of the Boards of Directors, the rights and benefits granted to active and non-active officers, as well as as to the censors and representatives of the Ministers, but also to respect the functioning of these entities with the number of agents defined in the organic framework of each of them.
This interpellation of President Tshisekedi follows the reports he has received of the increasing number of cases of conflicts between the statutory bodies both within companies in the portfolio of the State and public establishments.
The Congolese Head of State drew the attention of various protagonists to the need to put an end, once and for all, to the bad practices of the past.
Félix Tshisekedi asked the Minister of State, Minister of the Portfolio as well as the sectoral Ministers to get actively involved in restoring peace, and enforcing the Laws and Regulations in the area of business management, without which none of the reforms of scope envisaged cannot see the light of day.
The situation illustrated by the conflict that reigns within the National Hydrocarbons Company of Congo (SONAHYDROC SA) between the Chairman of the Board of Directors, Michel Eboma, and the Managing Director, Marcellin Bilomba.
The Managing Director of this public company criticizes the members of the Board of Directors for granting themselves huge advantages to the detriment of the company's cash.
This was suspended by the Board of Directors.
A suspension that he will sulk in stride not recognizing the quality of the Board of Directors to suspend him.
mediacongo
Frank
Top 20
"Let's beware of selling off, robbing or selling the Congo", Jules Alingete
The whole world celebrates this May 1st the international day of the fight for the rights of the workers.
In the DRC, this day is commemorated under the sign of “the promotion of decent work in a changing world.
The Inspector General of Finance, Head of Services, Jules Alingete, took this opportunity to call on everyone to reject anti-values.
“Let us be careful not to sell off, rob or sell the Congo, our only heritage that our ancestors have bequeathed to us.
A real treasure that attracts covetousness.
Let us work patriotically and we will later discover the happiness of belonging to a nation blessed by God,” said Jules Alingete Key.
In the DRC, this day was celebrated under a theme that evokes the promotion of decent work.
This implies the defense of republican values, therefore underlined the Inspector General of Finance, Head of Services, Jules Alingete.
mediacongo
Frank
Top 20
Tanganyika: Arrested at the provincial assembly, Governor Julie Ngungwa invents a mission order to Iran to escape (Document)!
The Governor of Tanganyika, Julie Ngungwa is the subject of an oral question with debate on the destination of nearly $100,000 USD, an endowment from the central government.
According to the provincial deputy, Kakudji Ngoy, the initiator of this question, these funds would never be notified to their recipients, which is why Julie Ngungwa should bring light to the provincial representation.
Wanting to escape this arrest, the governor invented a collective mission order with her name alone and authorizes herself, ignoring her hierarchy, to leave the national territory to visit Iran.
In the meantime, she is expected at the provincial assembly to provide the actual data on the amounts received from the central government and the revenues mobilized by the province between July 2022 and March 2023, and make them available to the deliberative body.
Article in progress…!
Attached is the Governor's mission order!
The Governor of Tanganyika, Julie Ngungwa is the subject of an oral question with debate on the destination of nearly $100,000 USD, an endowment from the central government.
According to the provincial deputy, Kakudji Ngoy, the initiator of this question, these funds would never be notified to their recipients, which is why Julie Ngungwa should bring light to the provincial representation.
Wanting to escape this arrest, the governor invented a collective mission order with her name alone and authorizes herself, ignoring her hierarchy, to leave the national territory to visit Iran.
In the meantime, she is expected at the provincial assembly to provide the actual data on the amounts received from the central government and the revenues mobilized by the province between July 2022 and March 2023, and make them available to the deliberative body.
Article in progress…!
Attached is the Governor's mission order!
John Reed
Regular
True, poorly put together and wrong on where things are at with that yet to be material class action.
One guy just waxed on how interesting Arbitration law is, but what matters is continuous disclosure rules which they sidestepped except there’s two points of view about it…
And just because AFR reports on revocation of decree doesn’t mean AVZ is only announcing due to that exposé. IMO, the decree for ML April 25 2022
decree should not have been announced back in May 04 2022, but what it did show was some support from MoM for AVZ, which is still priceless to see as there has been very little sign that way since.
And this is an important distinction from Sundance(that podcast made mention of) who despite winning rights at ICC, still contend with Cameroon giving that ML to a mysterious third party customer.
When I read latest from Sundance it made me think AVZ is fked, and the same will happen as with Sundance, DRC will just ignore AVZ rights.
So the ICC cases could mean jack-shit all, because in Africa, as it appears, they’re mostly all on survival mode, dog eat dog, not law and order mode
So this is why that MoM decree is golden. Did Sundance ever get a decree for ML?
Frank
Top 20
Carlos Danger
Top 20
The mining licence was granted for the southern area in the initial decrees. It was then cancelled illegally in the new decrees.
Does anyone think now that Nigel should have accepted the ML for Roche Dure and surrendered Nth CDL? We'd either be well into the mine build or Taken Over by now .We would have been trading all this time as well. I really hope Nigel hasn't shot us all in the foot . The suffering so far for many share holders better be worth it .
Carlos Danger
Top 20
Yes but it was granted. Which is the wording that was used. The fact that we legally received the licence will mean we will annihilate the DRC if it goes to the ICC. So it's really important to understand the distinction.
mouseflying
Regular
Just read sdl's announcement regarding their ICC case,it looks so funny, espically for the "sudden death" of minister of Mine and Mr Ding "lost his Phone"
Carlos Danger
Top 20
The licence was granted, awarded, given or any other term you want to use. The only thing that didn't happen was the calculation of surface rights which is meant to occur within 5 business days according to the mining code.
I think that podcast got a bunch of stuff wrong but they are completely correct about the licence being rescinded. Nigel repeatedly talks about the 'survival of the acquired rights' in the letter from Dathcom to the MoM after the new decrees were issued.
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