Gambia: ‘We Solely Received One Energetic Council Account’

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The pinnacle of the Enterprise Banking Division on the Commonplace Chartered Financial institution, Abdoulie Sanneh, yesterday informed the Native Authorities Fee of Inquiry at Senegambia that the financial institution has just one lively checking account belonging to a council.

“Your financial institution was summoned to provide sure paperwork earlier than the Fee. Have been you capable of get these paperwork? requested Lead Counsel Yakarr Cox.

“Sure,” the witness responded, “we got an inventory of council names to verify whether or not we maintain accounts for them, and now we have realised that we solely received one lively account in the mean time, which is Basse Space Council. [for] Banjul Metropolis Council we had an account with them however it was closed in 2020. So I used to be capable of get statements for Basse Space Council after which BCC from 2018 to 2020. The remainder of the councils – Kuntaur, Mansakonko and Janjangbureh – we had an account with them however they have been closed means earlier than 2017.”

The witness tendered to the counsel the financial institution assertion for Banjul Space Council to the Fee, which has a begin date of seven December 2016 and an finish date of 15 December 2020. The opening stability was D161.65.

As confirmed by the witness, the Fee realised that there was little transaction and exercise in relation to the account. The doc was exhibited and tendered into proof, following an software by Lead Counsel Cox.

Witness continued his testimony, saying: “The second assertion is the assertion for Basse Space Council. Like I stated, it’s a dormant account. Dormant accounts means accounts which have had no transactions for 12 months. So when there’s nothing in an account for 12 months, the account turns to dormancy. So this account is a dormant account which is on the verge of closure.”