-Rep. Massaquoi Urges Colleagues
Representative Clarence Massaquoi of Lofa County has written the House of Representatives to investigate all borrowed funds that have been coming into the country since the ascendency of President Ellen Johnson Sirleaf in 2006.
Representative Massaquoi is calling for urgent attention of the body to ‘pertinent national issue’. In his communication, he reminded his colleagues that they all witnessed a complex process that they went through as a country to have the national debts waved by the international community.
“After US$4 billion debt waver, we resulted to borrowing, considering that our locally-generated resources don’t match our capital needs for development,” he said in his communication.
The Lofa County lawmaker recounted that since 2006, they have endorsed series of borrowing instruments that allowed the executive branch of government to borrow money for various development initiatives.
The Lofa County lawmaker wants plenary to investigate how much has been borrowed since 2006. “I request that this investigation covers all sectors that have benefited from such borrowed funds with specific reference to government ministries, agencies and commissions that have presided over the spending of these funds. It will be extremely important for this investigation to also access the impact of such investments on the citizenry,” he added.
According to him, the investigation is not to witch-hunt, but to give a better idea on how resources have been allocated and utilized locally. This, he said will put the lawmakers in a better position to exercise oversight on resource mobilization and enable the executive branch of government on future borrowings.
“In the wake of this investigation, I would like to request plenary to call on the executive branch of government to cease all contractual negotiations whose source of funding are based on financing agreements,” he emphasized.
After the reading of the communication, it was sent to the House’s committees on ways, means, finance and development planning, judiciary to report in two weeks.
By Reuben Sei Waylaun