Somalia lashes out accusations by UN sanctions experts.

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Somalia’s petroleum ministry has lashed out accusations by UN sanctions experts regarding that a British company was making large payments to Somalia’s oil ministry and creating a serious conflict of interest, which the ministry said, inaccurate and misleading.

In a press release from the country’s petroleum and resources ministry cited that, the UN Somali and Eritrea Monitoring Group’s investigative report showed that there was a written agreement between the Ministry of Petroleum and Soma Oil , indicating that clear financial recording mechanism for the payment of capacity building targeted salaries and names of who received the funds. adding that, all payments made to the Ministry of Petroleum and Mineral Resources were deposited through the Central Bank of Somalia and they were accounted for.

The statement also made it clear that the agreement between the two sides has been in the public domain and can be viewed on the minister’s web page.

The statement has continued by saying that the UN Somali and Eritrea Monitoring Group’s report on “characterization on this capacity building contract between the Ministry and Soma Oil and Gas has an expectation of “quid pro quo” is simply inaccurate and misleading”.

The communique has stated that Somalia is a nation recovering from a prolonged conflict, and they we proud that their institutions were improving and progressing.

” Good governance, transparency and accountability are of greater essence to Somalia in the proper management of its resources. Transparency in public service pay and procurement are a national priority and monitored through our internal and international mechanism such as the Financial Governance Committee” the press release said.

Despite the alleged corruption that has been labeled against them, officials from the petroleum ministry insist that they will spare no effort to exploit and utilize the country’s natural resources fairly and equitably as a driving force to achieving macro economic progress in Somalia that would deliver economic independence, industrialization, jobs, revenues, and a relief from aid dependence.

According to the press release a capacity building support is crucial to the development of Somalia’s institutions and human resource development in a country has plagued by violence and anarchy for more than two decades.