This so called “Nile River Dam Bond” sale scheme here in the United States is masterminded, planned, organized and led by the Embassy of Ethiopia and in Washington, DC and is spearheaded by the Ambassador Girma Birru. Many wondered if the Embassy and Ambassador have the mandate to get involved in this kindof project. Hence, as there is total confusion, despair, disappointment, misinformation and sense of betrayal, we can no longer continue to give a blind eye to the situation. Hence since the Ethiopian National Transitional Council (ENTC) is an institution established to advocate for the rights of Ethiopians all over the world, we felt that we have the right to demand from the Securities Exchange Commission (SEC) a serious inquiry and public explanation this very urgent issue which is, the sale of Nile River Bond in the USA by the Ethiopian Government through its embassy here in the United States We believe that the Securities and Exchange Commission (SEC) is charged with protecting investors and maintaining fair and efficient capital markets. SEC regulations govern the activities of individuals and organizations involved in the sale of securities, including brokers and brokerage firms. Hence, we feel that the SEC has the legal responsibility to provide comprehensive explanation on the questions we list below.

1.     The legality of the sale of “Nile River Bond” sale here in the USA.

2.     Clarification on if and how the Government secured license to advice investors and sale bonds here in the United States.

3.     Does the Ethiopian Embassy have the legal mandate to promote the sale of bonds here in the United states without having the proper qualification or license to offer advice on such matters?

4.     If in fact there is no legal ground for the actions of the Embassy and the Ethiopian Government, what investigation and enforcements action will SEC be taking and will that be made public?

5.     Since we have planned to organize a public meeting to discuss on the legality of the sale of the Bonds will SEC be willing to send its officers and present its perspectives on the sale of the bonds to our constituents and the public at large?

6.     If the sale of the bonds was illegal what action will be taken to ensure that the sale will be stopped immediately (we learnt that there is a planned bond sale event organized in Chicago on April 27, 2013, hence, we demand immediate action on the matter)

7.     What legal action will SEC be taking to penalize those who were involved in the promotion and sale of the bond?

8.     What help will SEC be providing to those who wanted to retrieve their investment.

Taking into consideration the seriousness and urgency of the matter, we hope that that SEC will launch comprehensive investigation and take appropriate measures. Anticipating that SEC will give us immediate response, we want to use to indicate that we are prepared to collaborate with SEC in any required capacity and you may contact us at our contact number listed above.

Regards

Ethiopian transitional Council Leadership