President Weah Completes the constitution of the LEITI’s MSG
FOR FAILING TO FILE TIMELY DATA, LEITI PUBLISHES NAMES OF DELINQUENT COMPANIES
The Liberia Extractive Industries Transparency Initiative has named several companies and a government agency for failing to make timely disclosure of tax payment data to the 9th EITI Report on Liberia.
Eleven Companies and a government agency were listed and published in several local dailies in Monrovia as well as aired on popular radio shows.
Article 4(b) of the LEITI Act of 2009 requires that all extractive companies and covered Government’s ministries and agencies disclose, at least once every year, the data of all payments made and revenues received in respect of the extraction of Liberia’s forest and mineral resources. This initiative is in support of the government’s effort to promote transparency and accountability over the management of revenues from Liberia’s extractive resources, ensuring that all citizens benefit from such resources.
“The preparation of the 9th Report for Liberia is on-going and at the data collection and payments reconciliation stage; and to date, a number of companies and a government agency have failed to submit payment data in both soft and hard copies to the LEITI process for the fiscal year July 1, 2015 to June 30, 2016. Such delinquency is posing a challenge to the timely completion of the 9th LEITI Report for Liberia.” A statement from the Secretariat read
The Multi-stakeholders Steering Group of the LEITI recently mandated that the names of these companies be published in line with the LEITI Sanction regime, and warns that further punitive actions, including revocation of licenses, will be taken against companies that insist on such non-complaint attitude. Read more
LEITI MAKES DATE WITH HISTORY AS GOVERNMENT PLEDGES SUPPORT
July 2, 2017
The Government of Liberia says it remains committed to resource transparency through the workings of the Liberia Extractive Industries Transparency Initiative (LEITI).
Finance and Development Planning Minister Boima Kamara pledged the government’s full support to the EITI process in Liberia especially when the Country has been given 18 months to make improvements in areas of the standards that Liberia scored less marks during the July 2016 validation.
The Finance Minister extolled the LEITI for remaining focused on ensuring a transparent and accountable natural resource sector amidst the devastating Ebola crisis in the Country.
Minister Kamara made the statement at the opening of a two day retreat of the Multi-stakeholder Steering Group (MSG) held in Monrovia on May 31st to June 1st, 2017. See gallery The retreat was intended to review the 2015 five year strategic plan of the LEITI aiming to realign the strategy with the new EITI standards. Read More
LEITI REACTS TO RECENT GLOBAL WITNESS REPORT
May 12, 2017
The Multi-Stakeholder Steering Group (MSG) of the Liberia Extractive Industries Transparency Initiative (LEITI) has reacted to a recent Global Witness report alleging illegality of all large contracts in the forestry sector and violation of other laws including the LEITI Act.
The recent Global Witness report on Liberia titled Holding The Line, is built on LEITI’s Beneficial Ownership Disclosure report as well as previous LEITI Reconciliation reports and alleges, among others, the existence of additional names behind the ownership of some forestry companies operating in Liberia which were not disclosed to the LEITI during the preparation of the Beneficial Ownership Disclosure report.
It can be recalled that LEITI released a Beneficial Ownership Report in December 2015 containing the names and particulars of beneficial owners (true owners) or people who have at least five percent shares in companies operating in the mining, oil, forestry and agriculture sectors of Liberia. The Multi-stakeholders Steering Group (MSG) of the LEITI considers these allegations contained in the Global Witness’ report that some companies in the forestry sector have made false declarations about their beneficial owners as serious and grave. Read more
BETHESDA WINS 2017 E-CLUB DEBATE
The Bethesda Christian Mission School (BCMS) in Paynesville along the Roberts field highway emerged as winners of the 2017 edition of the inter high school debate organized by the Liberia Extractive Industries Transparency Initiative (LEITI). Read more
VALUE ADDITION IS KEY TO THE EXTRACTIVE SECTOR’
Deputy Minister Zayzay avers
The Deputy Minister for Research and Planning at the Ministry of Internal Affairs is calling on the Liberian government to encourage value addition to extractive resources for the benefit of the people.
Mr. Augustus M. Zayzay says when companies are encouraged to start adding value to the resources locally; more Liberians will be gainfully employed and concession communities will progress. Read more
HOS CHALLENGES STUDENTS TO PUSH FOR TRANSPARENCY
April 26, 2017
The Head of Secretariat of the Liberia Extractive Industries Transparency Initiative (LEITI) has challenged students of the Stella Maris Polytechnic-a local tertiary institution to use their intellectual abilities to push for transparency over the management of the Country’s extractive sector.
Speaking to a cross section of students recently at programs marking the dissemination of the abridged contact matrix at that institution, Mr. Konah D. Karmo cautioned the students to use the material to invoke the required advocacies that will further enhance transparency over the management of the country’s natural resources. Read more.