PP, TPLF Fail to Reach Agreement over Sharing of Property: NEBE

By Staff Reporter

TPLF-PPJune 15, 2020 (Ezega.com) -- The Ethiopian ruling Prosperity Party (PP) and the Tigray People Liberation Front (TPLF) have failed to reach agreement over the sharing of property belonging to the former ruling party of the country, National Electoral Board of Ethiopia (NEBE) has disclosed.

The board, in February this year, decided PP get three-fourth and TPLF one-fourth of the wealth of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) which was once the most powerful ruling coalition.

In a statement issued on Saturday, the board said the parties have failed to establish a joint committee that will make an inventory of assets and audit of accounts.

According to the NEBE’s decision, the two parties will share EPRDF’s property after any outstanding debts are settled.

The board said it has assigned two auditors, each proposed by PP and TPLF, who will carry out inventor the wealth of the former ruling party.

The board has ordered the two companies to present a joint working plan, timetable, place of work, and accounting techniques.

According to the board’s statement, the disagreement followed the complaints filed by the Prosperity Party which claimed the property should be shared not based on the number of political parties that formed the EPRDF but among its individual members.

The board said its previous decision was based on the article of EPRDF which states “all member parties of EPRDF have equal right to make use of the party’s property.”

There have been reports in the past that the EPRDF, in general, and the TPLF, in particular, borrowed colossal amounts of money from Ethiopian banks to run a vast state-owned business conglomerate.

Before TPLF lost dominance in the central government in April 2018, it is said to have a business asset worth over $5 billion and engaged in a range of business activities, including in manufacturing, construction, export trade, banking, and insurance, among other things.

TPLF argues that EPRDF was dissolved illegally to establish the Prosperity Party. Three former EPRDF coalition member parties and four “supporter” parties merged in November 2019 to form the Prosperity Party.

Meanwhile, the spread of coronavirus pandemic is becoming worse with 268 new cases and 8 deaths reported on Saturday. The new cases have increased by 23 over cases reported on Friday.

The new report has increased the total number of confirmed cases in the country to 3,166 and deaths to 55.

The new cases were identified out of 5,644 laboratory tests conducted in 24 hours, according to the Ministry of Health.

Of the new confirmed cases, 177 are male and 91 are female with the youngest being 1 year old and the oldest 90 years, it added.

Only one of the cases is foreign national while all the remaining are Ethiopians, according to the Ministry of Health.

Of the total confirmed cases, 232 are identified from Addis Ababa while the other 12 from Oromia, 8 from Amhara, 6 from Tigray, 5 from Harari, 2 from SNNP, 2 from Afrar and the remaining 1 from Benshangul Gumuz Reginal States.

Some 44 people have recovered from the virus, raising the total number of recoveries to 495.

There are now a total of 2,614 active cases in Ethiopia, with 39 of them in a severe condition. The total number of tests conducted so far stands at 176, 504.

Join us on social media:
Like Ezega.com on Facebook and get Ethiopian News updates regularly.
Get the latest Ethiopia News by following us on twitter @Ezega_Official.
Follow Ezega on LinkedIn for Ethiopia Jobs and Ethiopian News Today.



Contact News Editor

Name :
Email :
Phone :
Message :
Enter text shown in the above image :

You may also like...