The government of Senegal has revealed serious irregularities in several public contracts following a review by a renegotiation committee, with damages estimated at more than 1,075 billion CFA francs involving Industries Chimiques du Sénégal (ICS).
Speaking at a press conference, Prime Minister Ousmane Sonko said the audit—launched after Bassirou Diomaye Faye took office—examined agreements signed during and after the 2024 election period across sectors including mining, energy, infrastructure, telecommunications, agriculture and water resources.
The committee found that the state suffered major losses due to unlawful tax exemptions, debt write-offs and transactions that reduced the government’s stake in ICS to about 15 percent.
Authorities estimate the total shortfall at 1,075.9 billion CFA francs, with over 200 billion CFA francs in unpaid royalties.
The government has ordered the Ministry of Energy to formally notify the company and has already frozen some accounts as a precautionary measure.
Sonko said some contracts will be terminated, and warned that legal proceedings could be launched against officials responsible for agreements deemed harmful to the state.
