Burkina Faso: Burkina Faso mining lost $1 billion to graft in decade: parliament

Author(s): Mathieu Bonkoungou, Loucoumane Coulibaly | Date: October 26, 2016 | Language: English
Source: http://www.reuters.com/ | URL: https://goo.gl/ukIVxE | Type: Text

Burkina Faso lost nearly a billion dollars to corruption and mismanagement in the mining sector in the decade leading up to the fall of Blaise Compaore and the year after he was forced out, according to a parliamentary inquiry.
The committee announced its findings late on Tuesday after a three-month investigation and called for charges to be brought against three ex-ministers as well as the former president’s brother, Francois Compaore.
None of the ex-officials named in the report, who are living in exile in neighboring Ivory Coast, could be reached for comment.
The committee’s head Ousseni Tamboura said about 551 billion CFA francs ($920 million) was lost between 2005 and 2015.

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