By Rodney D. Sieh, [email protected]
Dear Readers,
It wouldn’t’ take a rocket scientist to figure out what is unfolding in Liberia. In less than six months, the new government is entangling itself in not one, but now two questionable and shady financial transactions surrounding road construction that has all the markings of money laundering.
All or most of you have been following our coverage of the administration’s quest to secure a US$536 million through a shady company out of Singapore called Eton Financial Private Limited.
A colleague, economist Sam Jackson summed it up best: “When they doing their corrupt deals they throw away their education. Someone lending you US$536 million to build roads. They pick their own contractor. Where is the performance bond from the contractor? Which insurance company providing the bond? What’s the international rating of the insurance company? Corruption is a damn cancer. Educated people just act blind.”
As if the controversy over that deal is not enough, FrontPageAfrica has now come into possession of a contract for yet another loan agreement that has all the markings of shadiness and money laundering.
Payday for Burkinabe Businessman?
Remember Mr. Mahamadou Bonkoungou, the Burkinabè businessman friend of President George Manneh Weah, who until recently emerged as the owner of an airplane President Weah has been using for his presidential travel?
Well, it turns out that he is now on the verge of securing a whopping US$420 million loan agreement to finance the design, construction, and
Article source: https://frontpageafricaonline.com/letter-from-editor/wake-up-liberia-a-dictatorship-is-brewing-with-us1billion-scheme/