Millions of dalasis generated from the sale of former President Yahya Jammeh’s assets remain unaccounted for, raising serious questions about the management of state funds.

A National Assembly committee has revealed that receiver and trustee Alpha Barry, appointed in 2019 to oversee the disposal of Jammeh’s properties, failed to deposit significant sums into the government’s Asset Recovery Account at the Central Bank of The Gambia.

Between 2019 and 2025, the receiver handled GMD 1.7 billion from the sale of properties, vehicles, businesses, and other assets.

Yet only GMD 1.25 billion made it into the government’s accounts, leaving a staggering GMD 466 million unaccounted for.

The shortfall included payments for victims of the TRRC, administrative costs, and undisclosed transactions, but the committee said transparency in reporting was seriously lacking.

The inquiry found that the receiver repeatedly held onto funds for months instead of transferring them within 72 hours, as required under his agreement with the government.

In 2019 alone, he collected GMD 556.6 million but sent only GMD 150 million to the Central Bank, keeping the rest in private accounts.

The committee also uncovered that GMD 245 million was invested in fixed-term deposits without government approval, a move that breached the receiver’s mandate.

Commission fees were taken in lump sums instead of per transaction, making it impossible for investigators to verify whether they were calculated correctly.

In 2019, GMD 25.6 million went into accounts linked to Alpha Kapital, while another GMD 35.1 million was withdrawn as fees in 2020.

Lawmakers are demanding a full investigation into the receiver’s accounts by the Accountant General, Auditor General, and the Financial Intelligence Unit.

They have also called for the immediate termination of the receivership contract, the suspension of all ongoing asset sales, and the handing over of all keys, documents, and records related to seized assets to the Minister of Justice within two weeks.

The revelations expose glaring lapses in the management of funds recovered from Jammeh’s rule and signal a parliamentary crackdown on those entrusted to safeguard state resources.

By Adama Makasuba