Ellen Era Concession Deals Recalled


President George Weah Thursday recalled from the Senate five concession agreements of the Johnson Sirleaf administration to be reassessed as they are reported to be products of procedural and legal missteps.
The recalled concessions include the former president’s last minute submitted Dangote Cement Liberia Ltd Agreement, TidForce Investment Company, Liberia Steel and Cement Mine (LICEMCO), Nimba Rubber Incorporated (NRI), Liberia Traffic Management Incorporated and an Amendment to the Amended and Restated Concession Agreement between Liberia and Firestone Liberia Inc.
The National Investment Commission will reassess the recalled agreements to meet procedural and legal requirements as well as ensure value for money before possible resubmission.
President Weah, in a communication to the Senate, stated “that all categories of tax relief, inputs GST turnover, presumptive, fuel and gasoline withholding of interest dividends and third party services were partially granted to the concessionaires without measurable benefits to Liberia and its citizens.”
The recalled agreements violate the Public Procurement and Concessions Commission Law of 2010, he added.
Writes Titus E. Dessie