
01/06/2025
Fire destroys home, millions lost in Eastern Equatoria
A fire has reportedly destroyed a house in Naoyaporu village, Eastern Equatoria State, resulting in the loss of property worth 56 million South Sudanese Pounds and 160,000 US Dollars.
The homeowner claims the blaze was deliberately set by an individual allegedly driven by jealousy over their success.
Local authorities are expected to launch a full investigation into the suspected person.
The fire incident comes amid a national crackdown on unbanked cash.
In May, South Sudan's Financial Intelligence Unit (FIU) directed security agencies to seize large sums of South Sudanese Pounds (SSP) held outside the formal banking system and arrest individuals involved.
Citing the Anti-Money Laundering and Counter Terrorist Finance Act (2012, amended 2024), Acting FIU Commissioner Dr. Abraham Telar Nicknora ordered individuals and businesses to deposit all SSP with licensed banks.
While the exact threshold for "bulk" cash was not defined, possession of illicit sums is now punishable by up to 10 years in prison or heavy fines.
Economists link the economic crisis to political instability, currency devaluation, and reliance on oil and imports.
~DLM
📷 : Greater Kapoeta