Live Stock Bank Commends Formation of Steering Committee

Hala Hamza – Sudanhorizon
The Shareholders Committee of the Animal Resources Bank has described the Central Bank of Sudan’s decision to form an administrative committee to manage the bank’s operations as a positive step and in line with current developments in the country.
Committee Chairman Khalid Mohamed Khair told Sudanhorizon that the committee’s formation was “the culmination of the Shareholders Committee’s efforts, which stood against the Rapid Support Forces militia’s plan to seize the bank, its assets, and properties.”
Khair pointed to previous demands submitted by the Shareholders Committee to the Federal Ministry of Finance to freeze the Livestock Bank’s assets and properties, considering them government assets. He noted the Ministry of Finance’s response to these demands, with Minister Dr. Jibril Ibrahim issuing Decree No. 15/2023, forming a committee headed by Hayat Shamat to prepare an inventory of the bank’s assets and properties and to instruct the relevant authorities to prevent their disposal.
He explained that the shareholders’ committee continued to defend the rights of its members and demanded that the Bank of Sudan and the Federal Ministry of Finance dismiss the Director General and form an administrative committee to manage the bank’s operations. They also called for the formation of inspection teams from the Bank of Sudan and the Auditor General to investigate and uncover the violations committed by the Rapid Support Forces during the past period, hold all those involved accountable, and bring them to justice. Following this, preparations would be made for a general assembly to elect a new board of directors for the bank.
Khair affirmed the shareholders’ committee’s full support for the bank’s new management, noting that the bank, with its capabilities, is able to overcome all obstacles and fully develop the sector.
It is worth noting that the Central Bank formed a committee two days ago to manage the operations of the Animal Resources Bank, granting it the powers and responsibilities of the board of directors. This committee aims to organize administrative work and ensure the bank’s continued performance of its financial and banking functions.

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