LIBERIAN GOVT FREEZES ASSETS OF TWO FORMER GOVT INVESTORS IN LONESTAR

Mergers, Acquisitions and Financial Results

The former Chairman of the National Patriotic Party (NPP), Cyril Allen says the National Transitional Government of Liberia (NTGL) has violated the Comprehensive Peace Agreement by freezing the assets of two former officials of government invested in the LoneStar Communications Corporation.

Allen said such a violation of the CPA is formula for disaster, because the transitional government is mandated to do everything aimed at bringing peace to the country.

He said the freezing of individual's assets at this time is counter-productive to the peace process and undermines the role of the Economic Community of West African States (ECOWAS) and the African Union(AU).

He said all this is happening because NTGL Chairman Charles Gyude Bryant is under pressure from the United Nations to do so, saying " regrettably this was not done legally."

He said the issue about former president Charles Taylor, which has led to the freezing of assets is not for the NTGL to execute, but the duty of the next elected government, adding, "that is the position of the ECOWAS and AU".

Allen who is also under the UN travel ban, said he is not afraid of his assets being seized because he was born poor and has the ability to maximize his wealth. He challenged the Bryant administration to prove that he(Allen) is corrupt and accumulated his money by taking money from public coffers.

The Inquirer