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AbdiAziz Profile picture
AbdiAziz
@Abdiaaziiz
Finance ▪ Economics ▪ Knowledge is power Information is liberating. Education is the premise of progress, in every society in every family
Nov 22, 2022 • 10 tweets • 2 min read
The Annual Financial statements of the federal government of Somalia for the year 2021

The Audit report confirmed massive misappropriation of funds , lack of collaboration from different ministries attracting a disclaimer Audit opinion from the Auditor General.

#Thread

1/10 Image DISCLAIMER OPINION- is a statement made by an auditor that no opinion is being given regarding the financial statements of a client. It may be given for several reasons , eg the auditor may not have been allowed or been able to complete all planned audit procedures

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Oct 23, 2022 • 12 tweets • 3 min read
The Federal Government of Somalia signs oil exploration agreements for seven block with coastline Exploration company.

On a personal point of view its a move that should be widely appreciated and supported.

#Thread

1/12 Image In the signed Agreement ( production sharing Agreement)
the host country’s government awards an oil company the rights to explore in a specified area and following discovery of oil in such area the right to produce such discovered resources.

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