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SIERRA LEONE COMMERCIAL BANK MD DRIVES $140,000 CAR AMIDST STRUGGLING ECONOMY

FORUM NEWS SIERRA LEONE by FORUM NEWS SIERRA LEONE
28 June 2024
in ALL NEWS, BUSINESS, LATEST NEWS
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By Sulaiman Aruna Sesay

Despite the challenging economic climate in Sierra Leone, the Managing Director of the Sierra Leone Commercial Bank, Yusufu Abdulai Silla, has reportedly purchased a car worth One Hundred and Forty Thousand United States Dollars ($140,000.00). This has sparked outrage among the public who are struggling to make ends meet amid high inflation rates, unemployment and poverty.

 

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This deep secret was exposed during the Public Account Committee hearing. It was clear that the $140,000 car was budgeted and purchased by the Sierra Leone Commercial Bank (SLCB) for high profile official like the Managing Director. Many Sierra Leoneans are expressing their disappointment over this news, pointing out that it is inappropriate for a public figure to spend such a huge amount of public money on a car when the majority of the population is struggling to afford basic necessities.

 

Silla defended this decision, stating that the car was purchased not his personal funds, but funds from the Sierra Leone Commercial Bank’s coffers. He added that he had saved up for many years and the bank deemed it fit for him occupying such position to drive a luxurious car. This justification has done little to quell the anger of the public and the media.

 

Sierra Leone is one of the poorest countries in the world, with over 60% of the population living below the poverty line. Many are struggling to afford basic goods and services, including food, water, healthcare, and education. The country has also been hit hard by the COVID-19 pandemic, which has worsened the already dire economic situation.

 

Against this backdrop, SLCB’s purchased a luxury car for top position official has struck a nerve with many Sierra Leoneans, who are calling for greater accountability and transparency from public officials. As the country tries to recover from the economic impact of the pandemic, it is crucial that leaders prioritize the needs of the people and work towards a more equitable and sustainable future for all.

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