IPNews-Monrovia, Liberia-12 June 2018: Reports coming from the cordials of the Liberian Senate say Nigerian billionaire Mohammed Dangote ‘Dangote Cement Liberia Ltd Agreement’, to be negotiated.

According to the reports, President George Weah last Thursday, June 7, 2018,  recalled from the Senate five concession agreements earlier entered into by the Johnson Sirleaf administration.

“ The five concession are products of procedural and legal missteps.” An inside Legislative source hinted this paper.
Those concessions recalled and are designated for renegotiations include the ‘Dangote Cement Liberia Ltd Agreement’,  TidForce Investment Company, Liberia Steel and Cement Mine (LICEMCO), Nimba Rubber Incorporated (NRI), Liberia Traffic Management Incorporated and an Amendment to the Amended and Restated Concession Agreement between Liberia and Firestone Liberia Inc.

According to the report, the National Investment Commission will begin the negotiations of new terms of the recalled agreements to meet procedural and legal requirements as well as ensure value for money before possible resubmission.
President Weah, in a communication to the Senate, stated “that all categories of tax relief, inputs GST turnover, presumptive, fuel and gasoline withholding of interest dividends and third party services were partially granted to the concessionaires without measurable benefits to Liberia and its citizens.”
The recalled agreements violate the Public Procurement and Concessions Commission Law of 2010,President Weah added.