Asset Disclosure Controversy: Senegal’s Contentious Proposed Legislation
On August 18, 2025, the National Assembly of Senegal will consider a major draft bill pertaining to asset disclosures. Opposition parties have criticized the idea, though, mainly because of a contentious clause that exempts the president from disclosing his assets after his tenure.
Concerns have been made by the political party Pastef that this exception violates constitutional rights. By compelling public prosecutors, investigative judges, municipal authorities, auditors, and CEOs of public enterprises to reveal their holdings, this new law expands the scope of asset disclosures.
In the past, the 2014 rule only applied to high-ranking officials who managed more over 1 billion CFA francs, or about $1.5 million, including the prime minister and the president of the Assembly. However, the current plan reduces that requirement for public budget managers to 500 million CFA francs, or around $760,000.
The measure is inadequate, according to critics like Senegalese Democratic Party member Doudou Wade, who emphasizes that former presidents should also be held responsible for disclosing their holdings.
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