President Salva Kiir Mayardit has tasked the newly appointed Governor of the Bank of South Sudan, Dr. Addis Ababa Othow, with leading reforms to restore best practices and strengthen governance at the Central Bank.
Speaking at the swearing-in ceremony of Dr. Othow and his deputy, Samuel Yanga Mikaya, on Wednesday, President Kiir emphasized the urgent need for transparency, accountability, and financial discipline within the institution.
Expressing concern over ongoing financial malpractices, Kiir condemned the illegal solicitation of “10 percent” kickbacks, warning that officials engaging in such behavior would face severe consequences.
“Such unseemly behavior is intolerable and will not be allowed to go unpunished,” Kiir stated, directing the Financial Intelligence Unit to intensify its oversight role and provide regular reports to his office.
He urged the new leadership to uphold integrity, fairness, and efficiency, stressing the need to restore public trust in the financial sector.
The appointment of Dr. Othow and Deputy Governor Mikaya comes as South Sudan grapples with economic challenges and the urgent need for institutional reform. Their leadership will play a crucial role in stabilizing the financial system and ensuring ethical governance at the nation’s highest banking institution.
