Burkina Faso to Recover $59 Million Lost to Public Sector Corruption

Confidence UbaniJune 26, 20251 Mins read828

The government of Burkina Faso, led by Captain Ibrahim Traoré, has vowed to take firm action to recover over 33 billion CFA francs (about $59 million) lost through corruption and mismanagement in the public sector.

This follows the release of the 2023 report by the country’s anti-corruption agency, the Autorité Supérieure de Contrôle d’État et de Lutte contre la Corruption (ASCE-LC), which was formally submitted to Captain Traoré recently.

The report revealed that 12 major cases, linked to irregularities in public administration, accounted for around 30 billion CFA francs in direct losses to the state. Internal audits also showed that an additional 3 billion CFA francs lost through poor oversight and weak systems. These cases have reportedly been referred to the judiciary for further action.

The ASCE-LC has called for stronger support and more resources to carry out deeper investigations and improve accountability in government institutions.

Since assuming office in 2022, President Traoré has made the fight against corruption a key part of his leadership. His administration is lauded as one focused on strengthening governance, restoring public confidence, and ensuring that national resources are used for development purposes.

Although Burkina Faso still faces challenges from years of insecurity and political unrest, reports suggest that recent efforts by the transitional government have been geared towards rebuilding state structures and promoting stability. Measures are also being put in place to improve public service delivery and economic recovery.

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