Houthi Leaders’ Misappropriation of Endowment Funds in Ibb Raises Alarm Over Financial Governance

Houthi Leaders Continue Financial Violations in Ibb Governorate

Recent reports have surfaced indicating that Houthi leaders in Ibb Governorate are unlawfully seizing public funds. This ongoing corruption within government institutions, which have been under Houthi control for several years, has reached alarming levels, prompting concerns among local residents and stakeholders.

Seizure of Endowment Funds

Sources reveal that Houthi officials in the Endowments Office of Ibb have misappropriated around 20 million Yemeni riyals from employee funds. This action occurred without any legal justification, showcasing a blatant disregard for established financial laws and regulations. Such practices undermine the integrity of public financial management and erode trust in local governance.

Diverting Revenues and Manipulating Properties

In addition to the misappropriation of funds, Houthi leaders are redirecting office revenues into personal accounts at currency exchange shops, rather than depositing them into the Central Bank. This constitutes a clear violation of financial regulations governing endowments, further complicating the financial landscape in the governorate.

Moreover, the militia continues to manipulate endowment lands and properties, leasing them at exorbitant rates to new beneficiaries while disregarding previous contracts and the rights of existing tenants. This indicates a systematic approach to plundering endowment resources for the personal gain of their leaders.

Urgent Call for Accountability

These violations necessitate immediate action from relevant authorities to hold the perpetrators accountable and recover the embezzled funds. The international community must closely monitor these developments and support the legitimate government’s efforts to combat corruption and restore state authority in Ibb Governorate.

For further updates, visit the original article on Yemen TV.