A very good beginning for the people who want to know Fatmata Musa Bah posted in STAR RADIO >>starradiosl Fatmata Musa Bah 3 January 16:39 IS PRESIDENT ERNEST KOROMA NOT CORRUPT?IS HE A SAINT?IS HE A HOLY POPE.THOSE WHO LIVE IN GLASS HOUSES SHOULD NOT THROW STONES. Is President Koroma Corrupt? In February 2014, when Pres. Koroma sacked the Energy Minister, his deputy, the General Manager of NPA, his deputy and the Permanent Secretary, it was trumpeted that it was because of poor performance issue but we still live in blackout, and if anything, it has gone worse. Now we know that the reason why President sacked the Energy Minister and his team at NPA was because a Company known as British Electric was awarded a contract to supply a power hub to National Power Authority for which NPA paid $450,000. Now we know the purchase price for the power hub was about $100,000 and the people of Sierra Leone were FRAUD $350,000. We also now know that this Company, British Electric has a local representative who happens to be a lady who has a STRONG CONNECTION with State House. According to State House source,this local representative lady used her state house connection to inflate the price of the power hub in excess of $350,000 but to Cover Up Pres. Koroma sacked the energy minister and others to protect the local representative lady in the shady deal. The question is: what did President Koroma know about that lady and the $350,000 FRAUD. Since Pres. Koroma assumed office nearly 7 years ago, State House has been at the center of many many scandals, dodgy dealings and forgery. This is why when news broke out about that in 2009 – 2010 that Sierra Leone lost $1.1 billion (Le4.5 trillion) to five investors our suffering people have to ask incompetent Pres. Koroma to account for that $1.1 billion. That $1.1 billion had been the amount accrued from mining negotiations and incentives which Pres. Koroma gave to his friends in the mining sector and part of which would have been sent to his foreign accounts. A State House source told me last week that all these mining negotiations and incentives Pres. Koroma was directly involved together with Alpha Kanu who was then Minister of Mines and Mineral Resources. In fact one of the reasons why Pres. Koroma had to remove Alpha Abuja Kanu from the Ministry of Mines and Mineral Resources was because there were many deals which Alpha Abuja Kanu had to negotiate without the knowledge of the President who was expecting his share from the negotiations. But it is not only that $1.1 billion which Pres. Koroma, Alpha kanu and others should give account to the people of Sierra Leone, there are still other missing millions of dollars we would want to know about. According to figures from NRA in 2012, government lost Le 966.6bn (US$224m) from Tax exemptions amounting to an enormous 8.3 per cent of GDP. In 2011, the losses were even higher – 13.7 per cent of GDP. And the annual average loss over the three years 2010-12 was Le 840.1bn (US$199m). To put it very mildly, all these billions of leones in tax exemptions and concessions for mining companies are the monies any competent President could have used to provide electricity, clean water and aggressively tackle the present hardship. But the President, Minkailu Mansaray, Alhaji Abuja Kanu and others only care about how much they are saving in foreign accounts in United Kingdom and Switzerland. In fact, last year December, Minkailu Mansaray was boasting to have given Le 400 million just to organise masquerades for the festive season. But it is not only how much millions Pres. Koroma and his Wuseum Stars have deprived our poor people, International organisations have estimated that as a result of all the mining negotiations and concessions the government will lose revenues of US$131m in the three years from 2014-16 alone from corporate income tax incentives granted to five mining companies – an average of US$43.7m a year. Shockingly, If tax expenditure continues in its present trend, it is likely that Sierra Leone will lose more than US$240m a year from tax incentives in the coming years. So recently when Pr [truncated by WhatsApp]
Posted on: Mon, 05 Jan 2015 00:01:03 +0000
Recently Viewed Topics
© 2015