Guinea court hears bank mismanagement case
Former BNIG director Alpha Mohamed Kallo faces charges including embezzlement and money laundering.
The Crief court on Tuesday, October 27, 2026, examined the case of Alpha Mohamed Kallo, former director general of the Banque nationale d’investissement de Guinée (BNIG). Kallo, detained since July 2022, faces charges including embezzlement of public funds, corruption, and money laundering. Also appearing were Ibrahima Tounkara, Maurice Eugène Alecaut, and companies Afriland First Bank, Egico SARL, and Djoliba Pêche.
Current BNIG director Moussa Kamissoko reported governance issues and financial irregularities upon taking office, noting a 7 billion Guinean franc disbursement to Djoliba Pêche without a clear contract. Djoliba Pêche representative Sory Doumbouya stated the company fulfilled its contractual obligations for the funds, which were intended for fishing equipment and fish sales. The court heard of alleged fund outflows totaling 180 billion Guinean francs.
The trial also involves accusations of corruption of public officials, forgery, and breaches in public procurement access. Some defendants contested the claims, offering explanations to the court. The case continues with further examination of financial movements and contractual agreements.
Why it mattersFormer BNIG director Alpha Mohamed Kallo and others face trial for alleged financial crimes including embezzlement and money laundering.