Over illicit 450K metric tons scrap metal dealA lawsuit seeking cancellation and revocation of two agreements for the sale and purchase of 450,000 metric tons of scrap in Nimba County has been filed by a consortium of Civil Society Organizations (CSOs) against the leadership of Nimba County and Sethi Ferro Fabrick Incorporated, which is the company expected to take over the deal. The CSOs’ lawsuit includes Nimba Young Professionals, Liberia Scrap Dealers Association and Catholic Justice and Peace Commission, among others. “A major portion of the scrap metal, which is the subject of the lawsuit, has been transferred to Monrovia by the company,” the lawsuit contends. Cooper intentionally ignored the laws and regulations and subsequently entered into the agreement with Sethi Ferro Fabrick Inc., without the involvement of the PPCC. According to the lawsuit, North Star is currently paying Nimba County US$72 per ton of scrap metal, while some unnamed bidders recently proposed to pay US$82 per metric ton.

Source: Daily Observer April 03, 2018 02:37 UTC