Liberia: Robert Sirleaf Distances Himself from Saga at Oil Firm

Jun 19, 2015 | Rodney D. Sieh, FrontPageAfrica
View Original

Running behind on payments to landlord, fears of bankruptcy and management ineptitude, paints a gloomy picture about the future of Liberia's emerging oil sector agency, the National Oil Company of Liberia. This week, a FrontPageAfrica investigative report revealed how NOCAL is on the verge of sinking rock bottom as it is in the process of seeking bank loans and pondering massive lay-offs to save itself from an embarrassing collapse.