By Matik Kueth
President Salva Kiir has issued a stern warning against corruption within South Sudan’s financial system, specifically targeting the long-standing practice of 10% kickbacks in public financial dealings.
Speaking at the swearing-in ceremony of the newly appointed Central Bank Governor, Dr. Addis Ababa Othow, and his deputy, Samuel Yanga Mikaya, at the State House on Wednesday, President Kiir called for urgent reforms to eliminate entrenched corruption, restore transparency, and rebuild public trust in financial institutions.
“The time for turning a blind eye is over. We are done tolerating the disease of corruption that has plagued our financial institutions, especially the toxic culture of the so-called ‘10 percent’ kickbacks. Let me be clear: any official caught engaging in such shameful behavior will face the full force of the law,” Kiir stated.
In a clear warning to corrupt groups, Kiir directed the Financial Intelligence Unit (FIU) to take a tough position.
“You are to increase surveillance, report directly to my office, and ensure that no wrongdoing goes unpunished,” he said.
With the economy struggling and donor trust dwindling, the head of state’s address appears designed to refocus the national discourse about governance and accountability.
Dr. Othow, a seasoned financial expert with decades of experience in monetary policy and institutional reform, promised to restore discipline and professionalism to the Central Bank.
“The task ahead is enormous, but we are prepared to restore order, rebuild systems, and regain credibility, both locally and internationally,” he stressed.
On his part, His Deputy, Samuel Yanga Mikaya, echoed the call for integrity and efficiency, promising a collaborative leadership that prioritizes service over self-interest.
The appointments come at a critical juncture as South Sudan grapples with rising living costs, foreign exchange shortages, and increasing pressure for economic reforms.