Home Economy SUDAN: Empowerment Removal Commitee dissolves central bank cabinet, fires heads of 11...

SUDAN: Empowerment Removal Commitee dissolves central bank cabinet, fires heads of 11 other banks

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A Sudanese legal committee announced on Thursday that they dissmiss the cabinet of the country’s central bank along with the other eleven state-owned financial institutes under a law that targets to dismantle the regime of the toppled president Omar al-Bashir, the committee officials said.

In its statement the Empowerment Removal Committee said that the managers of eight of the banks are to be discharged from their posts. However, the central bank governor, Badr Eldin Abdelrahim, to retain his managing responsibility and to form in his post the new boards that will replace the dissolved ones in near future.

In November, Sudanese legislature has adopted a law aiming to dismantle the system built by Bashir, who was ousted in April after nearly three decades in power.

Last month, the legal committee formed to apply the law seized the assets of Bashir’s now dissolved National Congress Party.

It is also noteworthy that the committee has also dissolved the boards of nine government companies and institutions, and that it will appoint commissioners to run two private newspapers whose assets were frozen last month.

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