In this fourth case, recorded black on white in the Court of Auditors’ summons, the first president reveals that the State of Senegal has proceeded to the issue of nominative certificates of bonds (CNO) valued at 546.70 billion FCFA, to which are added interests of 58.99 billion FCFA.
This amount includes CNOs issued on behalf of legal persons, without them being backed by obligations from bank credit agreements. The CNOs are indeed issued as part of a conversion or recognition of debt for the benefit of legal persons. The observer specifies that this practice, deemed irregular by the Court of Auditors, bypassing the classic budgetary execution circuits and generates significant additional costs for the State.
Six (6) CNOs were issued on behalf of BDK and signed on March 27, 2024, three days after the presidential election, to secure an amount of 117.16 billion FCFA, intended for the payment of loan deadlines for the years 2023 and 2024; The State must thus bear a total reimbursement of 121.2 billion FCFA, including interest. The observer underlines that these titles were validated in a period of political transition, raising questions about their opportunity. Four (4) CNOs were issued on March 29, 2024 in the name of Lansar Auto Suarl for an amount of 16.57 billion FCFA, with a view to the regulations of invoices related to the “vehicle rental for the benefit of state services within the framework of events organized throughout the Senegalese territory, during which the authorities must be present, as well as for the transport of state hosts in Senegal, 2021, 2022 and 2023, for a maximum duration of 12 months ”.
Part of this claim arises from a contract signed on January 2, 2023 by the director of administration and staff of the General Budget Directorate. Nine (9) CNO, for a total amount of 100.29 billion FCFA, were issued successively on September 8, 2023 (20 billion FCFA), on December 28, 2023 (45.10 billion FCFA) and February 28, 2024 (35.19 billion FCFA) for the benefit of Coris Bank. According to the information obtained by the observer, these CNOs were intended to regain the state debt to Sofico, the coverage of the credits of credits between June and December 2023, as well as the payment of a bill relating to a public market for the supply of safety equipment and technical equipment intended for the Ministry of the Environment. These titles also made it possible to securitize various claims due to CBI, an operation deemed risky by the Court of Auditors. The observer reveals that some of these CNOs were signed after the presidential election of 2024, which fuels a debate on budgetary governance during the end of mandate.
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