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Gov.has not mortgage Country’s resources, probes 9 billion LRD-Minister Nagbe

Jonathan Grigsby /Victor Kezelee/Maximilian Kasseh
Information Minister Eugene Nagbe
Information Minister Eugene Nagbe

MONROVIA, LIBERIA-Information Minister Eugene Nagbe has dismissed criticism from the opposition that the Government of Liberia has mortgaged the Country’s resources to China.

Recently on the sideline of the just ended FOCAC summit in Beijing, the two governments entered into a natural resource swap agreement that will see China build 2.5 billion worth of priority infrastructures in Liberia.

Speaking to ELBC Tuesday, September 18, 2018, Minister Nagbe said:” Any resources identified under the agreement will be calculated against the value and cost of public infrastructure projects earmarked by the Government.

The MICAT Boss also said at no time did the government include the Mineral rich Wologisi Mountain in Lofa County in the agreement with China.

According to Minister Nagbe, under the agreement, there will be joint scientific studies to determine areas of interest.

He then urged Liberians not pay attention to negative information being spread by people in the opposition because their intent is to see the government fail.

In another development, Minister Nagbe has disclosed that the ongoing investigations into the discovery of huge amount of Liberian Dollar Bank Notes are proceeding well.

The Minister said the investigation is taking into consideration the paper trail of the consignment from the Freeport of Monrovia.

He said the document will determine how and when the money was brought into the Country, who ordered the money and where the money was printed.

Minister Nagbe disclosed that so far, it has been established that a total of 9 (B) billion Liberian Dollars or its US Dollar equivalent of 16 (M)million was brought into the country between November 2017 and August 2018.

He said there are indications that the money was printed in different countries including Sweden, Lebanon and China.

The Information Ministry Boss however, said the Liberian Government will not hesitate to apprehend and prosecute any individual found to be directly linked with the transaction.


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