Nimba County Senator, Nyan Twayen has written a communication requesting Senate Plenary to investigate ArcelorMittal Liberia regarding the cost of a $1.4 billion Iron Ore processing plant built in Nimba.
Senator Twayen believes that the cost of ArcelorMittal processing plant may have been inflated or overstated.
"An inflated or overstated investment swallows profit and deprives Liberia of receiving dividend-a case with us and ArcelorMittal for 20 years now that has always declared loss instead of profit; we will get to the button of this one", said Twayen.
The Senate's relevant committees are expected to probe into the matter.
Add comment
Comments