Monrovia – A local civil society group under the banner Coalition for The Restoration of 5% Equity (CORLE) for Liberians has petitioned the Legislature (Both House of Representatives and Senate) calling for a repeal of the recent amendment to the 2014 petroleum law that is believed to be taking away what was constitutionally given to all Liberians. The group is accusing the current administration of President George Weah of changing the law to benefit close friends and officials of the regime. The group in their petition Referenced in particular, Section 36 which replaces the provisions of under the 2014 Petroleum Law and grants the 5% Equity in petroleum contracts which belongs to all Liberians and to a few Liberian businesses as the new amendment shows. “In view of the foregoing, we petition your Honourable Offices to repeal the said Amendment and restore to all Liberians, our 5% equity right as envisaged under the 2014 Law. In effect, we require you to reinstate ALL the provisions of the said section 36 (PART VIII) of the 2014 Petroleum Reform Law as approved on October 5, 2016, and printed into handbills on October 10, 2016.

Source: Front Page Africa March 29, 2021 07:52 UTC