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Kenya’s supreme court has annulled last month’s presidential election and called for a new vote — Quartz September 1, 2017

Posted by OromianEconomist in Africa, Uncategorized.
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Odaa Oromoooromianeconomist

 

Kenya’s supreme court has annulled last month’s presidential election and called for a new vote

 

Kenya’s supreme court has declared the results of last month’s presidential election invalid and ordered a new vote. Incumbent Uhuru Kenyatta won 54% of the now-nullified vote, defeating opposition leader Raila Odinga.

Chief justice David Maraga said the presidential election held on Aug. 8 “was not conducted in accordance with the constitution… rendering the declared results invalid, null and void.” According to Maraga, the court found “irregularities and illegalities” in the transmission of results. He ordered the electoral commission to hold a fresh presidential election within 60 days.

Cheers outside the courtroom and across Nairobi could be heard, with crowds chanting, “Uhuru must go!”

Odinga, claiming Kenya’s electronic electoral system was hacked to rig the results in favor of Kenyatta, had petitioned the court to examine the election. The electoral commission denied the results were hacked and international observers said they witnessed no signs of manipulation. The court invalidated the election with a majority of five of seven judges. The dissenters, Jackton Ojwang’ and Njoki Ndung’u, said none of the irregularities “occurred deliberately and in bad faith.” The court said it would deliver its full judgment within the next 21 days.

The court’s decision throws Kenya into a state of uncertainty. It’s not clear whether the current members of the electoral commission will need to be replaced. The Nairobi Securities Exchange halted trading for half an hour after an index of its 20 largest companies fell by more than 5%.

Kenya’s sixth election since introducing multi-party democracy in the 1990s, has been marred by widespread public mistrust, fake news, and violence. This is the first time a court has annulled an election in Kenya.

A week before the election, a senior election official was found dead, apparently tortured, outside of Nairobi. After election results were released, police cracked down on protesters in parts of Nairobi and Kisumu, an Odinga stronghold, killing at least 28 Kenyans, including a 10-year old girl and a six-month old baby. Locals and foreign observers worry about a repeat of Kenya’s 2007 election, when disputed results ended in post-election violence that claimed the lives of at least 1,600 people and displaced more than half a million.

Today, Odinga said that the court’s decision was “a first in the history of African democratization.” Odinga, surrounded by supporters in front of the supreme court offices in Nairobi, called the ruling “a triumph for the people of Kenya.” Kenyatta’s lawyer, meanwhile, dismissed the court’s move as a “political decision.”

In other ways, the election was a success. Voter turnout was high, with more than 15 million out of 19.6 million registered voters casting their ballots. Two-thirds of local legislators were voted out, and 25 of 47 governors did not win a second term.

 

Kenya’s supreme court has declared the results of last month’s presidential election invalid and ordered a new vote. Incumbent Uhuru Kenyatta won 54% of the now-nullified vote, defeating opposition leader Raila Odinga. Chief justice David Maraga said the presidential election held on Aug. 8 “was not conducted in accordance with the constitution… rendering the declared…

via Kenya’s supreme court has annulled last month’s presidential election and called for a new vote — Quartz

 

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Ethiopia: Bank Records of Detained Corruption Suspects Shows ‘Dirty Money’ Hidden September 1, 2017

Posted by OromianEconomist in Corruption, Uncategorized.
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 Odaa Oromoooromianeconomist

The TPLF Corruption network

Ethiopia: Bank Records of Detained Corruption Suspects Shows ‘Dirty Money’ Hidden

Bank accounts of the 56 corruption suspects in Ethiopia shows a balance of only few dollars
Capital Flight? Bank account records of the 56 corruption suspects who run multi-million dollar projects in Ethiopia shows only a balance of few hundreds of dollars.

 

 

 

 

 

 

 

 

BY ESAT NEWS


Bank accounts of corruption suspects who run multi-million dollar projects in Ethiopia shows only few thousands of dollars in balances, according to a source, who said the money might have been sent offshore.

The Ethiopian Satellite Television ESAT learnt that the largest money available in the balances of the over 50 suspects was about 15,000 dollars.

The assets and bank accounts of the suspects have been frozen by the authorities when the crackdown against them began last month.

Fifty six businessmen and government officials have so far been put behind bars accused of squandering and pocketing millions of dollars.
Balances on the bank accounts of Aser Construction shows only about 4,500 dollars. Aser is a share company established by a group of engineers, with the main shareholder being Arkebe Oqubay, a member of the inner circle of the TPLF, who, as a board member of the Ethiopian Airlines, has allegedly awarded Aser millions of dollars contracts for the construction of condominiums and other airport constructions.

The accounts of DMC Construction and Yemane Girmay Construction show about 6,500 dollars. DMC Construction, owned by Daniel Mamo, is allegedly a business partner of Prime Minister Hailemariam Desalegn, who ESAT’s source said has helped Daniel Mamao get the awards of several construction contracts.

The largest balance was on the accounts of Gemshu Beyene Construction, which also owns the Elilly International Hotel in Kazanchis, a company associated with Abadula Gemeda, the Speaker of the House and Sufian Ahmed, the former minister of finance.
Last week a travel ban was imposed on high level TPLF officials, family members and accomplices suspected of embezzlement, according to ESAT’s sources.

The campaign against corruption did not lay a finger on higher officials of the TPLF who are widely accused of pocketing millions of dollars, casting doubt if the regime is really serious about wiping out corruption. Some believe it was just a show while others say it was an indication of the internal crisis within the TPLF.

Transparency International in its recent report says illicit financial flows continues in 2016 and money from corruption could make it even higher. According to Global financial Integrity, Ethiopia lost US$11.7 Billion in Illegal Capital Flight from 2000 through 2009.

Recent studies by Transparency International also show that Ethiopia is among the top ten African countries by cumulative illicit financial flows related to trade mispricing.


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Oromian Economist: TPLF Ethiopia’s Regime Money Laundering Activities & Its Networks