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. The failing to submit templates were however advised to submit their templates on or before January 8, 2018 or face punitive actions by the MSG.
The companies are:
FOR THE AGRICULTURE SECTOR
- Sime Darby Plantation
FOR THE FORESTRY SECTOR
- Mandra Forestry Liberia Ltd (MFLL)
- Euro Liberia Logging Company
- Mandra - LTTC Inc.
- Liberian Hardwood Corp.
- International Consultant Capital ICC
- Geblo Logging Inc.
FOR THE MINING SECTOR
- MNG Gold Liberia Inc.
- Lee-Yam Diamonds Manufacturers
- Afric Diam Company Inc.
- CGGC Mining Services (Liberia) Company Ltd
FOR THE OIL & GAS SECTOR
FOR THE GOVERNMENT ENTITY
1. Environmental Protection Agency (EPA)