AVZ Discussion 2022

Frank

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Corruption and Embezzlement: How Will Justice Save Tshisekedi's Image?

Félix Tshisekedi's second term as President of the Democratic Republic of Congo (DRC) is marked by major challenges, including the Rwandan aggression and alarming cases of embezzlement within public companies and ministries.


This situation has caused deep concern among the Congolese population, jeopardizing not only trust in institutions but also the country's economic development.

To restore trust and foster a climate of accountability, it is essential to impose rigorous sanctions against those responsible for embezzlement.

Currently, the freedom enjoyed by accused officials tarnishes President Tshisekedi's image and hinders his efforts to establish a government governed by the rule of law.


The DRC, rich in natural resources, should be on a path to sustainable economic development.

However, embezzlement scandals reveal disastrous management of public resources.

Recently exposed cases, such as those involving the Public Services Regulatory and Control Agency (ARSP), underscore the urgent need for government action.

According to correspondence from the presidential office, the Head of State was informed of alleged financial misconduct at the ARSP by the NGO ASSOMIP.Mu.

This latest scandal has rekindled the fears of a population already tired of broken promises of transparent governance.

Given this situation, it is imperative that the authorities act quickly to restore public trust and ensure proper management of public resources.

Embezzlement Cases: A Lack of Accountability

Examples of embezzlement are multiplying, illustrating a lack of accountability within the government.


The case of Matata Ponyo, whose parliamentary immunities were lifted, is emblematic.

Accused of embezzlement in the Bukanga Lonzo project, he embodies the impunity that seems to reign.

Similarly, the Minister of Justice, Constant Mutamba, is also suspected of embezzling funds intended for the construction of a large prison in Kisangani.

His admissions regarding errors in procurement are not enough to allay fears of unscrupulous management of public finances.

At the Ministry of the Environment, Eve Bazaiba is under fire, accused of embezzling $33 million intended for a forestry project involving the National Forestry Fund (FFN).

These accusations, if proven true, highlight the need for strict oversight of publicly funded projects.

A System in Crisis

The situation at the Ministry of Rural Development only exacerbates the situation.

Former Minister François Rubota, along with the former Minister of Finance, were accused of embezzling funds intended for the drilling and streetlight projects. Despite the evidence, these officials continue to enjoy a worrying level of impunity.

Prime Minister Judith Suminwa, aware of the gravity of the situation, has attempted to initiate measures to punish those involved in these embezzlements.

However, these efforts are often perceived as insufficient given the scale of the scandals.


It is crucial to establish a legislative framework to address these cases transparently and effectively.

Congolese citizens expect concrete action, not empty promises.

The fight against corruption must be a top priority if the DRC wishes to move forward on the path to development.

The governance challenge in the DRC is colossal, but not insurmountable.

With strong political will and concrete action, it is possible to turn things around.


Combating embezzlement is not only an ethical issue, but also an imperative for the development and well-being of the Congolese population.

A clear commitment from the authorities is necessary to restore citizens' trust and ensure a better future for the DRC.

mediacongo


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Zinjin.jpg
 
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Winenut

GO AVZ!!!!
Corruption and Embezzlement: How Will Justice Save Tshisekedi's Image?

Félix Tshisekedi's second term as President of the Democratic Republic of Congo (DRC) is marked by major challenges, including the Rwandan aggression and alarming cases of embezzlement within public companies and ministries.


This situation has caused deep concern among the Congolese population, jeopardizing not only trust in institutions but also the country's economic development.

To restore trust and foster a climate of accountability, it is essential to impose rigorous sanctions against those responsible for embezzlement.

Currently, the freedom enjoyed by accused officials tarnishes President Tshisekedi's image and hinders his efforts to establish a government governed by the rule of law.


The DRC, rich in natural resources, should be on a path to sustainable economic development.

However, embezzlement scandals reveal disastrous management of public resources.

Recently exposed cases, such as those involving the Public Services Regulatory and Control Agency (ARSP), underscore the urgent need for government action.

According to correspondence from the presidential office, the Head of State was informed of alleged financial misconduct at the ARSP by the NGO ASSOMIP.Mu.

This latest scandal has rekindled the fears of a population already tired of broken promises of transparent governance.

Given this situation, it is imperative that the authorities act quickly to restore public trust and ensure proper management of public resources.

Embezzlement Cases: A Lack of Accountability

Examples of embezzlement are multiplying, illustrating a lack of accountability within the government.


The case of Matata Ponyo, whose parliamentary immunities were lifted, is emblematic.

Accused of embezzlement in the Bukanga Lonzo project, he embodies the impunity that seems to reign.

Similarly, the Minister of Justice, Constant Mutamba, is also suspected of embezzling funds intended for the construction of a large prison in Kisangani.

His admissions regarding errors in procurement are not enough to allay fears of unscrupulous management of public finances.

At the Ministry of the Environment, Eve Bazaiba is under fire, accused of embezzling $33 million intended for a forestry project involving the National Forestry Fund (FFN).

These accusations, if proven true, highlight the need for strict oversight of publicly funded projects.

A System in Crisis

The situation at the Ministry of Rural Development only exacerbates the situation.

Former Minister François Rubota, along with the former Minister of Finance, were accused of embezzling funds intended for the drilling and streetlight projects. Despite the evidence, these officials continue to enjoy a worrying level of impunity.

Prime Minister Judith Suminwa, aware of the gravity of the situation, has attempted to initiate measures to punish those involved in these embezzlements.

However, these efforts are often perceived as insufficient given the scale of the scandals.


It is crucial to establish a legislative framework to address these cases transparently and effectively.

Congolese citizens expect concrete action, not empty promises.

The fight against corruption must be a top priority if the DRC wishes to move forward on the path to development.

The governance challenge in the DRC is colossal, but not insurmountable.

With strong political will and concrete action, it is possible to turn things around.


Combating embezzlement is not only an ethical issue, but also an imperative for the development and well-being of the Congolese population.

A clear commitment from the authorities is necessary to restore citizens' trust and ensure a better future for the DRC.

mediacongo


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Excellent post and nice to see you back Frank
 
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Skar

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Corruption and Embezzlement: How Will Justice Save Tshisekedi's Image?

Félix Tshisekedi's second term as President of the Democratic Republic of Congo (DRC) is marked by major challenges, including the Rwandan aggression and alarming cases of embezzlement within public companies and ministries.


This situation has caused deep concern among the Congolese population, jeopardizing not only trust in institutions but also the country's economic development.

To restore trust and foster a climate of accountability, it is essential to impose rigorous sanctions against those responsible for embezzlement.

Currently, the freedom enjoyed by accused officials tarnishes President Tshisekedi's image and hinders his efforts to establish a government governed by the rule of law.


The DRC, rich in natural resources, should be on a path to sustainable economic development.

However, embezzlement scandals reveal disastrous management of public resources.

Recently exposed cases, such as those involving the Public Services Regulatory and Control Agency (ARSP), underscore the urgent need for government action.

According to correspondence from the presidential office, the Head of State was informed of alleged financial misconduct at the ARSP by the NGO ASSOMIP.Mu.

This latest scandal has rekindled the fears of a population already tired of broken promises of transparent governance.

Given this situation, it is imperative that the authorities act quickly to restore public trust and ensure proper management of public resources.

Embezzlement Cases: A Lack of Accountability

Examples of embezzlement are multiplying, illustrating a lack of accountability within the government.


The case of Matata Ponyo, whose parliamentary immunities were lifted, is emblematic.

Accused of embezzlement in the Bukanga Lonzo project, he embodies the impunity that seems to reign.

Similarly, the Minister of Justice, Constant Mutamba, is also suspected of embezzling funds intended for the construction of a large prison in Kisangani.

His admissions regarding errors in procurement are not enough to allay fears of unscrupulous management of public finances.

At the Ministry of the Environment, Eve Bazaiba is under fire, accused of embezzling $33 million intended for a forestry project involving the National Forestry Fund (FFN).

These accusations, if proven true, highlight the need for strict oversight of publicly funded projects.

A System in Crisis

The situation at the Ministry of Rural Development only exacerbates the situation.

Former Minister François Rubota, along with the former Minister of Finance, were accused of embezzling funds intended for the drilling and streetlight projects. Despite the evidence, these officials continue to enjoy a worrying level of impunity.

Prime Minister Judith Suminwa, aware of the gravity of the situation, has attempted to initiate measures to punish those involved in these embezzlements.

However, these efforts are often perceived as insufficient given the scale of the scandals.


It is crucial to establish a legislative framework to address these cases transparently and effectively.

Congolese citizens expect concrete action, not empty promises.

The fight against corruption must be a top priority if the DRC wishes to move forward on the path to development.

The governance challenge in the DRC is colossal, but not insurmountable.

With strong political will and concrete action, it is possible to turn things around.


Combating embezzlement is not only an ethical issue, but also an imperative for the development and well-being of the Congolese population.

A clear commitment from the authorities is necessary to restore citizens' trust and ensure a better future for the DRC.

mediacongo


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View attachment 86019

View attachment 86021
I thought Kobold wanted to leave Manono Lithium SAS alone in the north.... is Kiki saying Felix wants this looked into... is that because of Pressure from the US? Certainly raises some interesting questions.
 
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marksmann007

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IMG_1702.png
 
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Goldenboy

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pow4ade

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Or completely forgetting we have a partnership with CATH!!!! Yes Kobold backed by big money but CATH is already a HUGE company and a leader in the field.
We don't have a partnership with CATH. Rather we have an agreement subject to certain conditions being met. Namely a ML to AVZ, which won't be happening now.

Further, the US has stipulated there be no Comminere or Chinese involvement in the RD structure. Hence under the Kobold proposal China only gets the North.

CATH is not only out but outplayed lol. But thanks for the unsecured $10 million. :)
 
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Goldenboy

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Remark

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JNRB

Regular
We don't have a partnership with CATH. Rather we have an agreement subject to certain conditions being met. Namely a ML to AVZ, which won't be happening now.

Further, the US has stipulated there be no Comminere or Chinese involvement in the RD structure. Hence under the Kobold proposal China only gets the North.

CATH is not only out but outplayed lol. But thanks for the unsecured $10 million. :)
US don't get to dictate squat until they stump up some cash.

No China IF usa buys.
But still possibly China as alternative.

Call the framework with CATH what you will, there were terms set out in an agreement to develop the project with CATH's cash in a way that's still beneficial to AVZ.

Until Kobold betters that deal they can sucks an egg
 
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pow4ade

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US don't get to dictate squat until they stump up some cash.

No China IF usa buys.
But still possibly China as alternative.

Call the framework with CATH what you will, there were terms set out in an agreement to develop the project with CATH's cash in a way that's still beneficial to AVZ.

Until Kobold betters that deal they can sucks an egg
You're relying on the pre-Trump arrangement. Things have changed and will remain so unless China's counters with their own security for minerals offer.

Thus right now FT is beholden to Trump's dictates which includes no China involvement in RD.

Repeat after me: Trump is my saviour. :)
 
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Skar

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We don't have a partnership with CATH. Rather we have an agreement subject to certain conditions being met. Namely a ML to AVZ, which won't be happening now.

Further, the US has stipulated there be no Comminere or Chinese involvement in the RD structure. Hence under the Kobold proposal China only gets the North.

CATH is not only out but outplayed lol. But thanks for the unsecured $10 million. :)

AVZ is conscious of the broader geopolitical challenges in achieving a resolution in
relation to the Manono Project, however it appreciates the opportunity that has emerged to explore a resolution of the current issues relating to the Manono Project, which it will continue to pursue in a constructive and open manner in the best interests of its shareholders and other key stakeholders, including Suzhou CATH Energy Technologies.

CATH certainly seemed to be cutting their losses when AVZ were struggling for litigation funding and only came through with slightly better terms at the last mile when we had the other vultures money secured. Still they are a key stakeholder, I still wonder if NF is using them for leverage or if they have been as supportive as indicated.... were they part of the board spill drama?
 
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Bonsoir

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You're relying on the pre-Trump arrangement. Things have changed and will remain so unless China's counters with their own security for minerals offer.

Thus right now FT is beholden to Trump's dictates which includes no China involvement in RD.

Repeat after me: Trump is my saviour. :)
Ah that maybe true to a certain extent but if kobolds offer is insufficient we move onto Arbitration ( not my preferred path )

We get desired Arbitration outcome and wait for next offer from kobold or any other interested parties.

Repeat after me : Nigel is my saviour.
 
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pow4ade

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Ah that maybe true to a certain extent but if kobolds offer is insufficient we move onto Arbitration ( not my preferred path )

We get desired Arbitration outcome and wait for next offer from kobold or any other interested parties.

Repeat after me : Nigel is my saviour.
It would be fair to assume other western aligned players are waiting in the wings if Kobolds deal is deemed insufficient.

Hence if we resume arbitration it would only until such time that a more favourable deal is secured. At which point arbitration would be discontinued.

And yes, Nigel is our saviour, too.
 
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KMoney

Emerged
Apology accepted. I should have said hello first. Fingers crossed we can all share a virtual round of the top shelf soon!
Your timing was not good to emerge on TSE with all these trolls emerging recently, I apologise if you are not a troll.
 
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ptlas

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Ah that maybe true to a certain extent but if kobolds offer is insufficient we move onto Arbitration ( not my preferred path )

We get desired Arbitration outcome and wait for next offer from kobold or any other interested parties.

Repeat after me : Nigel is my saviour.
One potential problem with Trump is that a deal is foisted on DRC whereby KoBold is given sole access to Manono (or S. Manono).

Once again AVZ would be between the proverbial rock..... Accept KoBold's potentially derisory offer, or attempt to get another partner that has no military protection because it's not KoBold.

Trump is not your saviour. Possibly.
 
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