African leaders are urged to emulate Faye, as the Senegalese President makes assets public.
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The statement highlighted the importance of transparency and accountability in leadership and urged African leaders to follow in the footsteps of President Faye by publicly declaring their assets. CHRICED emphasized that this move would promote good governance and combat corruption in the continent. By setting an example of integrity and transparency, President Faye has shown that it is possible for leaders to lead with honesty and serve the best interests of their people. This call serves as a reminder for other leaders to prioritize the well-being of their citizens and work towards a more just and equitable society.
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Faye’s victory in the March 24, 2024 presidential election in Senegal was a historic moment for the country as he became the youngest democratically elected President in West Africa at the age of 44. As a member of the opposition African Patriots of Senegal for Work, Ethics and Fraternity (PASTEF), Faye was able to secure 54.3 per cent of the votes, defeating his main rival from the governing coalition, Amadou Ba, a former prime minister. This election marked a significant shift in the political landscape of Senegal and brought hope for change and progress under Faye’s leadership.
Additionally, Faye declared that he has a bank account with a balance of 500,000 CFA francs and a car worth 10 million CFA francs. He also disclosed that he has a small plot of land in the town of Rufisque, which was a gift from his father-in-law. Faye also listed his various loans, including a mortgage loan and a car loan, as well as his monthly income and expenses. This transparency allows the public to have a clear understanding of Faye’s financial situation and can help to prevent any potential conflicts of interest.
In addition to these material possessions, Faye also disclosed his investments in cryptocurrency, with a total value of 4,500,000 FCFA. He also mentioned his small business, which he started in 2021 and is currently valued at 2,500,000 FCFA. Overall, Faye’s assets are worth a total of 50,550,000 FCFA.
As of March 19, 2024, Faye reported having a significant amount of money in two separate bank accounts. One account contained a total of 3,276,046 FCFA and the other held 786,782 FCFA. However, Faye also disclosed his financial liabilities, which included a 30,000,000 FCFA loan taken on September 5, 2022, an 8,000,000 FCFA payroll loan taken on August 22, 2022, and a 10,000,000 FCFA loan from a friend. This information provides a clear picture of Faye’s financial situation and potential financial risks he may face in the future.
