CRIEF summons officials in 3.135 tonnes gold case
Four personalities, including the current central bank governor, will testify on November 23 regarding alleged gold embezzlement.
The Court for the Repression of Economic Offenses (CRIEF) has summoned four individuals to appear as witnesses in the trial of former central bank governor Lounceny Nabé. Current central bank governor Dr. Karamo Kaba, former vice-governor Abdoulaye Yéro Baldé, legal director Daouda Diané, and Mamady Condé, Affinor's representative in Guinea, are expected in court on November 23.
Lounceny Nabé faces charges of embezzling public funds amounting to 3.135 tonnes of gold, illicit enrichment, and corruption. Nabé denies the accusations, stating the gold, valued at approximately $180 million, remains with Affinor, the company contracted for its refining since 2015. The court ordered the witnesses' appearance at the request of the special prosecutor and the defense to clarify the contract's conclusion and execution.
The case was adjourned to November 23, 2026, for the witnesses' testimony. The trial concerns the alleged diversion of public funds and corruption linked to a gold refining contract.
Why it mattersFour prominent Guinean financial officials are summoned to testify in a high-profile corruption trial involving the alleged embezzlement of gold.