The proposed GoldBod initiative has sparked debate in Parliament, with former Finance Minister Dr.
Mohamed Amin Adam warning that its structure could lead to conflicts of interest.
Speaking during deliberations on the GoldBod Bill, he criticized the government's plan to grant GoldBod both commercial and regulatory powers, arguing that such an arrangement is flawed. "If this bill is passed, GoldBod will be a commercial entity that trades and exports gold while also acting as a regulator and court.
That is not right," he stated, raising concerns over the potential for abuse and lack of oversight.
