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Sunday, June 16, 2024

Commission finally summons ‘Prince’ Sanyang

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prince ibrahim

By Baba Sillah

The Janneh Commission has summoned ‘Prince’ Ebrahim Sanyang, the managing director of Royal Africa Capital Holdings Limited.
Sanyang was billed to testify before the enquiry yesterday but his appearance has been rescheduled to today.
Sanyang who controversially recently claimed he “has more leveraging power” than any other Gambia potentially making him richer than even the Gambian state, has cried foul that the commission deliberately refused to invite him to testify despite a freezing order placed on his businesses.
The notice of hearing summon available to The Standard revealed that he is summoned with regard to eight companies of which he is managing in the country.
These include Royal Africa Capital Holidays Ltd, Africa Financial Services and Bureau De Change Ltd, Africada Airways, Kora Media Corporation Ltd, Atlantic Pelican Company Ltd, Palm Grove Africa Development Corporation Ltd, Royal Africa Securities Brokerage Ltd and Africada Insurance Company.
Meanwhile, in a separate development, former Justice minister, Edward Gomez, is also expected to appear before the enquiry today.

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Edward Graham, the former managing director of SSHFC, testifying on the leasing of Ocean Bay and Sun Beach hotels disclosed to the enquiry that the investments idea was sound but acknowledged that the pension funds were not put to good use due to the manner the investment panned out.
He further disclosed that former president influenced the leasing of the hotels.
When asked how much Ocean Bay was purchased, he replied in the negative but was reminded by Counsel Musa Batchilly that it was purchased for D45 million.
According to him, the corporation received D58 million from BPI for the refurbishment of Ocean Bay.
Mr Graham pointed out to the enquiry that the corporation could have had better offers from other investors than BPI if the former president had not interfered.

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