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Harry Greaves’ Alarming Revelation

first_imgThe eminent economic and financial analyst and writer, Harry A. Greaves in his weekly Daily Observer column last week, produced an alarming revelation. Quoting “reliable sources”, Mr. Greaves, who is also a certified public accountant (CPA), told our readers that in March this year (2015), the National Oil Company of Liberia (NOCAL) had in its bank accounts a staggering US$80 million. But by the end of June 2015 – three months later – that money had been spent, using a palsy balance of US$500,000. The first question to ask is, is this true? Did NOCAL truly have in its bank accounts US$80 million? Who are Mr. Greaves’ “reliable sources”, and are they correct in their revelation? It is widely speculated – indeed most people believe – that though he resigned as chair in 2013, Robert Sirleaf still chairs the shots at NOCAL. How does the President, his mother, allow that to happen? Is it true what many are saying – that she is incapable of standing up to her “most beloved son”, so that he always has his way and gets anything he wants? “Then the President herself is responsible for the Malpractices at NOCAL. No wonder she announced last week that the track “full responsibility “for what happened there.If now, Greaves “reliable sources “are correct, then what happened to the US$80 million so quickly? Was some of it squandered on the “retirement packages” that some of the NOCAL staff and board members are said to have received?How on earth is it possible for such a stupendous amount of money to be so recklessly mishandled? Did those responsible forget that Liberia is a country where the vast majority of its people live in abject poverty?Did they forget that by the President’s own admission, the educational system is “in a mess”? That our health care delivery system, too, is terribly inadequate, and that is why nearly 5, 000 of our people, mostly the poor and destitute, perished from Ebola?Do the people who spent that money know what even one fourth of that amount, US$20million, could have done for Education and health in our country?With this kind of financial recklessness, even thievery, with what conscience do our leaders stand before the donors in Europe, America, Asia and Africa and plead for aid? We know of nowhere in the developed world that its officials would spend their taxpayers money in such a reckless and thievish manner. Even if the US$80 million allegation were untrue, what about the US$31 million that Clemenceau Urey left in the NOCAL accounts when President Sirleaf removed him as NOCAL Chair inFebruary 2012? That is when she appointed her son Robert to that position.When Robert Sirleaf’s watch NOCAL was able to spend US$ 31 million in only the 18 months of his tenure! Doing what?We support Harry Greaves 100% in his call on President Ellen Johnson Sirleaf to commission immediately an audit of NOCAL. Given the magnitude of this crisis, only an independent international auditing firm such as Price Water House or Coopers and Lybrand can do justice to the auditing of NOCAL.Indeed, the government’s own auditing firm, the General Auditing Commission (GAC) would be very reluctant even afraid to touch NOCAL.Why? This newspaper has in its possession a letter written by NOCAL Board Chairman Robert Sirleaf dated October 4, 2012, to Mr. Robert Kilby, Auditor General at the time. In his letter, Mr. Sirleaf told Mr. Kilby, “… the Board of Directors respectfully requests, on behalf of NOCAL, a temporary break in the audit process while we re-examine our internal control systems and attempt to ensure that the process is done correctly, efficiently and in a manner that will maximize the benefit of conducting an audit. Our Audit Committee stands ready to work alongside your designated focal person in order to reschedule the commencement of the audit. “I wish to thank you for your kind consideration of this request.”Does the GAC, even under a new management, have the temerity to touch NOCAL with an Audit? In any case, with such a letter on its file, what kind of audit will the GAC have the courage to undertake?In keeping with her own pledge proclaimed in her Inaugural Address on January 16, 2006, to make the fight against corruption “Priority No. 1,” we call on the President to face the tainted bull head-on by credibly auditing NOCAL.This is a matter of character and resolve.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Sundowns stun mighty Ahly with five-goal triumph

first_img0Shares0000South African club Mamelodi Sundowns trounced Egyptian visitors Al Ahly 5-0 Saturday in the first leg of a CAF Champions League quarter-final © AFP / RODGER BOSCHJOHANNESBURG, South Africa, Apr 6 – Mamelodi Sundowns of South Africa stunned record eight-time trophy holders Al Ahly of Egypt 5-0 Saturday in the first leg of a CAF Champions League quarter-final near Pretoria.It was the heaviest defeat suffered by the Cairo Red Devils in a CAF match and leaves them with virtually no chance in the second leg next weekend. Themba Zwane and Wayne Arendse scored to give the hosts a 2-0 half-time advantage at a packed 25,000-seat Lucas ‘Masterpieces’ Moripe Stadium in Atteridgeville.Brazilian Ricardo Nascimento converted a penalty two minutes into the second half and goals from Uruguayan Gaston Sirino and Ahly reject Phakamani Mahlambi completed the rout.The clubs meet again next Saturday in Egypt and Ahly will have to score at least five goals to have a chance of avoiding elimination from the elite African club competition.Beating Ahly, who have also won a record 19 CAF titles, by such a wide margin was beyond the wildest dreams of even the most optimistic Sundowns supporter.Most believed a two-goal advantage and not conceding at home was the best the shock 2016 Champions League winners could hope for against such vaunted opponents.Ahly have suffered several three-goal defeats since making their debut in the competition 43 years ago, but this humiliation puts the future of Uruguayan coach Martin Lasarte in doubt.He took over this year from Frenchman Patrice Carteron, who was sacked after Ahly surrendered a 3-1 first-leg lead to lose the 2018 final against Esperance of Tunisia.“We had a very bad match today, and we need to work hard in the coming period to fix many things,” Lasarte told the Ahly website after the debacle.“I apologise to Ahly fans, both those who were at the stadium or following via television.“There is no time to talk about anything now, and we only have to work and focus on what is ahead.”BeIn Sport pundit and former star Ahly centre-back Wael Gomaa called the five-goal thrashing in South Africa a “disgrace”.Gomaa was part of the star-studded Ahly side that reached four consecutive Champions League finals from 2005, winning three.In Dar es Salaam, Simba SC of Tanzania were held 0-0 by five-time champions TP Mazembe from the Democratic Republic of Congo.While the result confirms Mazembe as favourites to win the tie, they will tread warily after what occurred at the same stage last season.Having forced a 0-0 draw at Primeiro Agosto of Angola, the Congolese side missed two penalties and had two goals disallowed in a second leg that ended 1-1 and they were eliminated on away goals.Later Saturday, Horoya of Guinea host Wydad Casablanca of Morocco and CS Constantine of Algeria have home advantage over Esperance.0Shares0000(Visited 1 times, 1 visits today)last_img read more

DONEGAL RAPESEED OIL GETS STAR TREATMENT AT GREAT TASTE 2012

first_imgOne of Donegal best-known food products has emerged as a real rising star on the Irish food and international food scene. The already famed Donegal Rapeseed Oil will be proudly displaying a coveted 2 Gold Star Great Taste 2012 logo after being judged by a panel of 350 of the nation’s most discerning food experts over 45 days.Donegal Rapeseed Co. Ltd. is located in Raphoe and is growing from strength to strength both in reputation and qulaity of product. “We are a small, locally owned and operated company in Donegal. All our rape seed crops are grown locally by specially selected, individual, small farm holdings dispersed throughout the area, on soils that are unique to this area and are not found anywhere else on the island of Ireland.”To achieve Gold in Great Taste is significant for any food or drink producer and results are eagerly awaited. The scheme, run by the Guild of Fine Food, has been described as the epicurean equivalent of the Booker Prize and in 2012 a total of 8,807 different food and drink products were entered.Donegal Rapeseed Oil is the only pure rapeseed oil in Ireland to win 2 Gold Stars this year. “We knew from last years 1 Gold Star that we had the potential to do better and this year we proved it. It’s always good to see other oil producers doing well but we believe we are at the elite end of the market, one step ahead of the competition.”The management of the local producers attribute the oil’s great taste to their highly skilled farmers and growers, the local soil and the unique north west climate. “The oil has been tried and tested, but being a natural product we don’t have a huge influence over how the eventual product is going to taste; it’s all down to nature and the agronomy skills of our farmers here in Donegal. We are now aiming for the Golden Fork Award, the highest accolade in fine food and drink arena.”Judges this year included Masterchef winner and restauranter Mat Follas, restaurant critic and Masterchef judge Charles Campion, food writers Lucas Hollweg and Xanthe Clay and over 300 food buyers from leading food halls, delicatessans and farm shops, including Harrods, Selfridges and Fortnum & Mason.Call to see us at this year’s A Taste of Donegal Food Festival this weekend from 24th until 26th August. We look forward to seeing you there.Donegal Rapeseed Co., Ltd. Tel: 00353 74 9145386 or email them at  info@donegalrapeseedoilco.comWeb: www.donegalrapeseedoilco.com DONEGAL RAPESEED OIL GETS STAR TREATMENT AT GREAT TASTE 2012 was last modified: August 22nd, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegal rapeseed oilRaphoelast_img read more

Express primed to land new shirt sponsor today

first_imgComments Express FC are set to unveil a new sponsor on Thursday after the one-year contract they had with DStv exprired on June 1. The new shirt sponsor for the oldest club in Uganda’s football is not yet confirmed but rumours have it that it will be SportPesa a betting company that sponsors Kenya Premier League The unveiling ceremony will be conducted at Kibinge Motel and it will commence at 10am where all media houses have been invited. Tags: Express FClast_img read more

SA ratchets up ARV rollout

first_img9 May 2007South Africa had almost doubled the number of people receiving anti-retroviral therapy from the public health sector between March and December 2006.According to Social Services Minister Zola Skweyiya, a total of 239 244 were receiving therapy by December last year, up from 134 473 in March the same year.This is in addition to an estimated 80 000 people who are receiving anti-retroviral therapy from private sector health outlets.Briefing reporters on progress made by departments in government’s social cluster on Tuesday, Skweyiya said in the 2006/07 financial year, 425-million condoms were distributed.At the same time, 4 189 voluntary counselling sites had been set up for people infected with HIV by the end of March this year.By the end of February this year, 493 000 patients were receiving nutritional support to strengthen their immune systems against the onset of Aids, while, by the end of March this year, 320 facilities had been accredited as government treatment centres.This figure includes nine accredited centres in prisons and seven at centres run by the South African National Defence Force.By the end of December last year, 14 269 healthcare workers were trained in the government’s comprehensive HIV/Aids care, management and treatment programme.Also in the briefing, Skweyiya indicated that the newly reconstituted South African National AIDS Council, (SANAC), chaired by Deputy President Phumzile Mlambo-Ngcuka, would be playing a central role in the fight against HIV/Aids.SANAC, which brings together almost all stakeholders – from government and civil society – to combat HIV/Aids, has already adopted government’s new national strategic plan for HIV/Aids, which stretches across five years, from 2007 to 2011.Under this new plan, the target is to achieve a 50% reduction of new infections by 2011 and provide appropriate treatment, care and support services, with government budgeting billions of rand to treat those infected.Speaking to reporters at the same briefing, the Department of Health’s director-general Thami Mseleku said more opportunities were being sought within the Expanded Public Works Programme (EPWP) to provide work for people involved in home- and community-based care.Already, 89 000 people had been provided with work from EPWP programmes, which were aiming to provide 150 000 “work opportunities” by the end of this year, Mseleku said.In the 2007 Budget presented in February this year, Finance Minister Trevor Manuel announced an additional R1.65-billion for comprehensive treatment.By the 2009/10 financial year, spending on dedicated HIV/Aids programmes by various government departments is expected to exceed R5-billion a year.Source: BuaNewslast_img read more