Oil Deals… $200M MISSING

Development Economist, Jacob Jusu Saffa, a politician of the main opposition SLPP claimed ‘the ruling APC government has failed to account for 200 Million Dollars accrued from oil blocks project.’

Speaking on a local radio station, he said that the government of Sierra Leone is yet to explain to the people of how moneys accumulated from 20 or so oil wells in the country.

“We in the opposition calculated revenue generated from oil wells at 200 Million Dollars,” Saffa said.

“The President and then Minister of Finance, now Foreign Affairs Minister, Samura Kamara, were in charge of moneys generated from the oil project.”

Investigations carried out by New Age indicate that moneys generated from oil wells were controlled by Office of the President.

As at year ending 2016, the salary of Raymond Kargbo, Director of Petroleum Directorate, which many say was little over Le 80 million, was increased to 40%,therefore making him now receiving Le 102 million as take-home effective January 2017.

Salary currently paid Raymond Kargbo is in opposition with the Sierra Leone economy, one driven by donors and has been facing a meltdown over the years.

Information in the public domain points to the fact that the Raymond Kargbo is receiving an annual net salary of over a billion, which has left many in shock including number of civil servants holding worthwhile and enviable
public positions- Ministers, Permanent Secretaries, others inclusive.

Three years down the line (2014, 15 and 16), reports are that oil discovered in Sierra Leone is of less commercial value, and by extension, companies vesting interest in the drilling of petroleum oil in the country have been forced to make a pull-out, and to this, has seen the Petroleum Directorate not generating any income thus making the Directorate ‘of no commercial importance,’ but rather conditionally reliant on finances generated.

The Directorate, some two years ago, rented the Emmanshola House at Third Road on Regent Road, Hill Station, to the Secretary to the President, Osho Coker, at an unimaginable cost – USD 145,000- (over a billion of country’s money) a year.

Being an office under Office of the President, it is presumed that renting a house owned and belonging to the Secretary to the President is but a complete conflict of interest and must be investigated by the Anti Corruption Commission.

It is revealed that Raymond Kargbo has been making oversea trips, and at a point purchased a traveling ticket at USD 7000 (comparably fifty million Leones).

They say over two hundred million Leones is reportedly also spent on him as yearly house rent allowance.

Sources say he has bought a house situated at Adelaide Street on Gabriel Street junction, which used to be a night club called Mix-Point.

Mishaps at the office of the Petroleum Directorate have raised an anxiety of unease from among concerned Sierra Leoneans, who time countless, have called for a probe on how moneys are spent by officials of both the Directorate and of office of the President.

It is revealed that some employees of the Directorate were summarily dismissed on grounds of gross misconduct (breach of trust, breach of confidentiality, professional misconduct, disclosure of official documents and correspondence between the Petroleum Directorate and its clients to the print media).

This, by description, shows how the rented office space, (property of Secretary to the President), portrays absolute conflict of interest and by extension a case for the anti-corruption.

One thought on “Oil Deals… $200M MISSING

  • November 28, 2017 at 5:45 pm
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    THIS FOOLISH FOOL AG JOSEPH KAMARA, JUST LIKE HIS APE BROTHER OLDEST APE-HUMANOID FOOLISH, UNLEARNED, GROSSLY HOPELESSLY CORRUPT THEIF AND VERY UNPATRIOTIC leader ever.

    THIS APE-MAN ERNEST APE KOROMA IS TOTALLY UNFIT TO BE EVEN A HEADMASTER LET ALONE A PREZ. LEADER. CAN YOU ALL SEE HOW HOPELESSLY CORRUPT THIS APE MAN IS!?…SO SAD SADLONE.

    THIS APE LEADERSHIP WE HAVE, HAVE TOTALLY SHOWN EVERYONE, HOW
    HOPELESSLY CORRUPT HIS 8 YAERS ADMINISTRATION IS FULL OF CORRUPTION THROUGHOUT, THIS OLD OLD APE-MAN, SHAMELESS BEAST,
    WITHOUT VIRTUAL, ETHICS, COMPASS OF DECENCY, NO SHAME IN HIS APE MIND AND HEAD. SAD. SADLONE HAVE A BEAST AS LEADER.
    NO WONDER HE TREAT SADLONE PEOPLE AS THE FOOL HE IS!?
    SADLONE, IF LOOKED INTO HAPPENINGS IN THAT CURSED LAND, ONE COMES WITH ONE OF THE TWO….THOUGHTS ”THE COUNTRY IS EITHER CURSED OR THAT THE PEOPLE ARE BEAST WITHOUT BRAINS. HOW COMES. SAD.
    ONE OF THESE TWO PROPOSITION WILL SURELY BE TRUE FOR SIERRA LEONE AND SIERRA LEONEAN IE ”CURSED OR BEAST OF NO BRAINS” SAD LAND.

    WHY ARE YOUR LEADERS TREATING YOU LIKE ANIMALS OR COMPLETE FOOL THAT YOU ARE! WHY

    WHY IS APE ASS ERNEST KOROMA TREATING HIS PEOPLE LIKE THE APES HE IS.THIS OLD, OLD GREYHAIR APEMAN ERNEST DISHONOURABLELY WITHOUT EXCELLENCY IN HIS CHARACTER AND LITTLE APE-MAN SOUL. SAD SADLONE.

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