Yemen Monitor/Newsroom:
The Central Bank of Yemen today warned citizens and institutions against dealing with or participating in any auctions or procedures related to the sale of real estate and movable assets owned by banks through parties not legally authorized, stressing that such actions are null and void and expose their perpetrators to legal accountability.
The bank explained, in a statement issued by its General Administration of Legal Affairs at the main center in Aden, that the so-called “public auction” announced by a body claiming to be the Specialized Criminal Primary Court in Sana’a (which is under Houthi control), and related to the sale of a plot of land located in Al-Sitteen neighborhood – Industrial Complex – Neighborhood Unit 433, south of Asr Roundabout in the capital Sana’a, scheduled to be held on Sunday, November 16, 2025, is an illegitimate procedure and issued by a party that does not possess any legal capacity.
The Central Bank affirmed that it will not recognize any contracts, sale agreements, transfer of ownership, mortgage, or any transactions resulting from these procedures, considering them legally void, as they are issued by entities classified on terrorism lists. This exposes those involved to the loss of their financial rights and full accountability before the law.
The bank called on all individuals and entities to avoid direct or indirect participation in such practices, emphasizing that anyone proven to be involved will be subject to local and international accountability and sanctions.
