Monrovia – Grand Bassa County Senator Nyonblee Karnga Lawrence has written the Plenary of the Liberian Senate requesting the body to cancel the Loan Financing Agreement between Eton Finance PTE Ltd and the Government of Liberia and the Loan Financing Agreement between EBOMAF SA and the Republic of Liberia to avoid future embarrassment to the Country and future Government. According to her, it is about time for the Senate to swiftly act and cancel them. But if the Body does not take the immediate action by cancelling these two agreements, they stand to be legal and binding on Liberia. Accordingly, the construction period as set for in the agreement is 48 months from the day of commencement after the agreement was ratified by the Legislature and approved by the President. The Senate has received her communication and forwarded it to the Joint Committee on Judiciary, and Ways Means and Finance for action in two weeks.

Source: Front Page Africa January 29, 2021 06:00 UTC