https://libregrandlac.com/article/5405/rdc-:-l’igf--son-rapport-explosif-sur-la-gestion-de-la-gecamines
DRC: THE IGF, ITS EXPLOSIVE REPORT ON MANAGEMENT...
DRC: THE IGF, ITS EXPLOSIVE REPORT ON THE MANAGEMENT OF GÉCAMINES
It is a real time bomb that constitutes the Summary of the Control Report of the General Inspectorate of Finance (IGF) on the management of the General of Quarries and Mines (Gécamines), the largest mining company and pillar of the country's economy since independence.
Dated May 31, 2022, this 9-page document of which
afriwave.comobtained a copy; traces a series of unforgivable irregularities that led to the loss of several hundred million US dollars at the expense of the country.
Long and very long led by
Albert Yuma Mulimbi first as Director General (DG) then President of the Board of Directors (PCA) under Joseph Kabila of whom he remains one of the relatives, the management of Gécamines has still not been as "orthodox" as claimed. The extensive audit launched of management over the period 2010-2020 proved this on purpose.
Started in September 2021 when the President of the Republic Félix Tshisekedi, a few months rather was suffering from his desire to renegotiate the mining contracts signed during the two terms of his predecessor, Joseph Kabila; one could not expect a surprise. Moreover, the current Head of State would like a more comprehensive review of the entire mining sector to also be carried out.
In addition to the lack of generalized control, the synthesis of the Control Report of the General Inspectorate of Finance on the management of Gécamines targets in particular the conditions of sale or sale of Gécamines' mining assets for the benefit of private actors and, above all, the financial performance of a company regularly accused by NGOs of "selling Congolese minerals".
Some key figures
- The turnover achieved by Gécamines partners between 2012-2020 amounted to US$35 billion, Gécamines received only US$564 million in terms of royalties.
- Of Gécamines' advances to the state of the order of US$591 million, US$413 million is untraceable.
- Of the $175 million doorstep of the Chinese contract, all $175 million remains untraceable.
- Of total revenues of $1.9 billion, only $57 million was used for the Gécamines production tool.
- While the legal debt was $44 million in 2020, Gécamines paid $97 million for lawyers' fees between 2016 and 2020.
- La Gécamines sold its houses 1 bedroom + living room for $500, 2 bedrooms + living room for $750, 3 bedrooms for $1,000 and 4 bedrooms for $1500. In addition, 20% commissions were paid to a real estate agency.
- In 1996, Gécamines held 45% of shares in the TFM (the largest copper mine), they were reduced to 17.5% in 2005.
- In 2000, Gécamines had reserves of 35.3 million tons of Copper and 3 million tons of cobalt. In 2021, it has only 9.3 million copper and 1.4 million cobalt available.
As a bonus on board, we realize how much the country and its large and small companies have been bled by the predation regimes of the Alliance of Democratic Forces for the Liberation of the Congo (AFDL) and its heirs of the People's Party for Reconstruction and Democracy (PPRD) under the Kabila Laurent-Désiré and Joseph.
Because even if under Mobutu, things had not gone so far, under the Kabila; corruption and embezzlement of public funds reached their peak.
A second lesson, this explosive document makes it possible to understand how some political leaders of the time behaved like mercenaries by looting the country for their personal benefit and that of their families. This also explains the rearguard fight they are trying to wage today to escape all sanctions, including the legal proceedings that are imposed on them.
a credible source contacted parafriwave
.comconfirms that "
IGF investigations will continue until the end and that all those involved from far or near will be held accountable to the courts".
) and I literally mean the middle of bum fuck 
