Members of the Board of Directors of the National Oil Company of Liberia who sanctioned bogus financial transactions, which caused the country to lose millions in oil revenue, would be prosecuted for economic sabotage, government sources have hinted New Democrat.
Public inquiry into Global Witness’ allegation that a 2013 ExxonMobil offshores oil deal was marred with irregular payments shows the state owned Oil Company was the epicenter of large scale underhand transactions, one administration insider said.
According to verified accounts, board members were obtaining illegal rewards and instituted a 13-month payment calendar. Based on the gravity of theft that occurred at NOCAL, the Special Presidential Committee has recommended that all who served on the company’s board should not serve on any public corporation and state owned enterprise’s board for life. They will also be required to restitute money disbursed from NOCAL’s coffers for illegal gains.
Former President Ellen Johnson Sirleaf’s son – Robert Sirleaf and other current and former officials received in payments more than US$300,000 after granting US oil firm ExxonMobil concession.
They have insisted they did nothing wrong and those payments they received were “bonuses” for a ‘very good deal’ negotiated and concluded with Exxon.
Following Exxon acquisition of offshore oil Block 13 and subsequent payment of US$50million, the Board of Directors of the National Oil Company of Liberia (NOCAL) convened an emergency board meeting on Saturday, April 27, 2013 to discuss how they will collect some of the Oil money for personal benefit, NOCAL board resolution showed.
They claimed in a board resolution Johnson Sirleaf directed that 10 percent of the US$50million be given to the Hydrocarbon Technical Committee members, NOCAL officials and staff.
But the former President told investigators she did not authorize the sharing of oil revenue with select members of her kitchen cabinet as her son and top officials of the state owned National Oil Company had claimed, verified sources have said.
Individuals that the ban will affect include Robert Sirleaf, Amara Konneh, Patrick Sendolo, Christiana Tah, Randolph McClain, Fred Bass Golokeh and Joseph Howe.