Restoration Baptist Church Wants National Legislature Restore Liberians’ 5% Equity Right in Petroleum Contracts

Business News

Restoration Baptist Church Wants National Legislature Restore Liberians’ 5% Equity Right in Petroleum Contracts

IPNEWS – Monrovia: The leadership of the Restoration Baptist Church has authorized its Senior Servant, Rev. Joseph Gardea Johnson, III, to join and support Coalition for the Restoration for Liberians 5% Equity Rights (CORLE) in the fight to restore Liberians’ 5% birth right to profit in petroleum contracts. The church’s decision- communicated to CORLE by Rev. Johnson, follows a review of the original section of Liberia’s 2014 Petroleum Law on citizens participation alongside a clandestine amendment made to the law in 2019.

The amendment transferred potential billions of future oil profit from a Citizens Fund mechanism- that would have benefited every Liberian- to 9 politically connected Liberians with “oil & gas companies”. The amendment reads: each petroleum agreement shall contain a provision of least 5% total equity stake FOR COMPANIES owned by persons of natural born Liberian Citizenship”. Before the amendment, the law required a 5% share FOR THE BENEFIT OF A CITIZENS FUND and mandated how Citizens Fund should be managed. The church- like many other Liberians- wants the 54th Legislature to restore Liberians’ birth rights to the 5% oil profit as was mandated before the 2019 clandestine amendment and is concluding arrangements to speak to the public and begin to take legal and non-political actions along with CORLE.

Rev. Johnson, who will represent the Church- brings first-hand experience of how public officials- past and present- have manipulated the oil sector for their personal benefits and the disadvantage of poor Liberians. He was appointed by President Weah in 2018 to investigate a Global Witness Report of corruption in Liberia’s oil sector.

CORLE, welcomes the Church’s decision and believes Rev. Johnson’s experience and commitment to fighting for justice and accountability will help reverse the 2019 amendment and by that protect billions of oil profit for poor Liberians.

0 thoughts on “Restoration Baptist Church Wants National Legislature Restore Liberians’ 5% Equity Right in Petroleum Contracts”

  1. I have been browsing online more than 2 hours today, yet I
    never found any interesting article like yours. It’s pretty
    worth enough for me. In my view, if all site owners and bloggers made good content as you
    did, the internet will be a lot more useful than ever before.

  2. Wow, fantastic blog layout! How long have you been blogging for?
    you make blogging look easy. The overall look of your web site is
    wonderful, let alone the content!

  3. Definitely believe that which you stated. Your favorite justification seemed to be on the web the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they just don’t know about. You managed to hit the nail upon the top and also defined out the whole thing without having side-effects , people could take a signal. Will likely be back to get more. Thanks

  4. Heya this is somewhat of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!

  5. Does your website have a contact page? I’m having problems locating it but, I’d like to send you an e-mail. I’ve got some ideas for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it grow over time.

  6. Great post. I was checking constantly this weblog and I am inspired! Extremely helpful info particularly the final section 🙂 I handle such information much. I used to be looking for this particular info for a very long time. Thanks and best of luck.

  7. Nice weblog right here! Also your site quite a bit up fast! What web host are you using? Can I am getting your affiliate hyperlink to your host? I want my web site loaded up as quickly as yours lol

  8. I do consider all the ideas you have presented on your post. They’re really convincing and can definitely work. Still, the posts are very quick for beginners. May you please prolong them a little from subsequent time? Thank you for the post.

  9. Yet another thing to mention is that an online business administration course is designed for college students to be able to without problems proceed to bachelor’s degree education. The 90 credit certification meets the lower bachelor diploma requirements and when you earn your current associate of arts in BA online, you may have access to the most up-to-date technologies within this field. Several reasons why students are able to get their associate degree in business is because they may be interested in this area and want to find the general schooling necessary prior to jumping right into a bachelor education program. Thx for the tips you really provide inside your blog.

  10. Does your website have a contact page? I’m having a tough time locating it but, I’d like to send you an e-mail. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it grow over time.

  11. From my observation, shopping for technology online may be easily expensive, but there are some principles that you can use to obtain the best things. There are continually ways to come across discount offers that could help make one to buy the best electronic products products at the smallest prices. Good blog post.

  12. It’s perfect time to make some plans for the future and it’s time to be happy.
    I’ve read this post and if I could I desire to
    suggest you few interesting things or tips. Maybe you could write
    next articles referring to this article. I wish to read more things about
    it! cheap flights http://1704milesapart.tumblr.com/ cheap flights

  13. Nice weblog right here! Also your web site so much up fast! What web host are you the use of? Can I am getting your affiliate hyperlink on your host? I want my web site loaded up as quickly as yours lol

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Post

Stay Connected

Popular News

Subscribe To Our Newsletter

No spam, notifications only about new products, updates.

Don’t worry, we don’t spam