| Monday February 3, 2014 - 
						Accounting for the country's resources - an anathema for 
						the government of the rat where simple arithmetic 
						becomes a complex equation aimed at covering the tracks 
						of charlatans bent on taking the country down the road 
						to infamy - never mind the "re-branding" mantra.   
						We have waited, we have 
						watched, we have tried to figure out why since the audit 
						of government accounts for 2012 was made public, none of 
						the sewer rats extolling the virtues of the King Rat and 
						who see no wrong in his manipulation of Parliament and 
						the Judiciary, have commented on the massive thieving 
						going on in the affairs of state.  
						We can only come to 
						the very painful conclusion that since they are all 
						beneficiaries of the thieving machine, they dare not make a 
						squeak in that direction lest they lose their part of 
						the loot. Rather than tell their overlords that the 
						thieving would in the end lead the country to the same 
						state that the country would never want to tread again, 
						the pay-as-you-go writers, refuse to acknowledge that 
						the massive thieving now going on could lead to one and 
						only one thing - the disintegration of community, region 
						and state with dire consequences for all innocent Sierra Leoneans who continue to suffer in silence and are not a 
						part of the state resources plundering machine oiled and 
						kept running from the heart of State House itself.  
						You 
						would think it is the God-given right of King Rat and 
						his caboodle to steal, steal and steal. That they are 
						not accountable to anyone not even their conscience, 
						assuming there's any left in the pool of moral 
						bankruptcy in which they swim exposing their ill-gotten 
						wealth. The reckless 
						spending of the peoples' resources and wealth 
						highlighted in audit reports, like this 
						
						AUDITOR GENERAL’S REPORT ON THE 
						ACTIVITIES OF OVERSEAS MISSIONS AND HIGH COMMISSIONS FOR 
						THE PERIOD 1ST JANUARY 2003 TO 31ST DECEMBER 2010 
						and the failure to hold those responsible to account 
						shows all too clearly that the smoke and mirrors State 
						House occupant does not care about such reports and so 
						it was with quite some interest when we heard that he 
						was trying to make good on Sierra Leone's suspension 
						from the Extractive Industries Transparency Initiative. 
						Why the suspension?  
						Again the government and the various 
						functionaries simply cannot figure out their basic 
						arithmetic and this from a rat who once headed an 
						insurance body that did simple and somehow complex sums 
						that determined just how much the insured should pay on 
						a monthly or yearly basis or whatever time reference in 
						question. In the EITI all that is being asked for is 
						transparency and some honesty in reporting what is paid 
						into government coffers by the various industries - and 
						this is not confined to mining alone as oil blocks sales 
						and allied fields appear to be yielding more money into 
						the coffers (read thieving paws of the rat of a 
						President).  
						On the website of EITI there's an 
						interesting report for Wednesday January 22 with the 
						headline - 
						
						"Big jump in revenues from Sierra 
						Leone's extractives sector" with the 
						sweetener that "revenues are up by almost four times but 
						remain a small part of the economy". Here's a part of that 
						revealing report - "Although 
																		revenues 
																		from the 
																		oil, gas 
																		and 
																		mining 
																		sector 
																		in
																		
																		Sierra 
																		Leone in 
																		2011 
																		remained 
																		less 
																		than 1% 
																		of GDP, 
																		they are 
																		growing 
																		fast – 
																		from US 
																		$7.5 in 
																		2010 to 
																		US $27m 
																		in 2011.
																		
																		Previous 
																		EITI 
																		reports 
																		had 
																		shown no 
																		increase 
																		in 
																		revenues 
																		between 
																		2006 and 
																		2010, so 
																		the 
																		increase 
																		in 2011 
																		is 
																		significant 
																		with 
																		signature 
																		bonuses 
																		in the 
																		oil and 
																		gas 
																		sector 
																		being 
																		the 
																		major 
																		component. 
																		In 2011 
																		oil and 
																		gas 
																		revenues 
																		outstripped 
																		mining 
																		revenues 
																		for the 
																		first 
																		time. 
																		Though 
																		still 
																		small, 
																		revenues 
																		from 
																		oil, gas 
																		and 
																		mining 
																		are 
																		forecast 
																		to grow 
																		to up to 
																		17% of 
																		GDP by 
																		2020.
																		These 
																		figures 
																		were 
																		disclosed 
																		as part 
																		of
																		
																		
																		Sierra 
																		Leone’s 
																		implementation 
																		of the 
																		EITI 
																		Standard.  
																		
																		Implementation 
																		of the 
																		EITI 
																		requires 
																		full 
																		disclosure 
																		of 
																		payments 
																		made by 
																		oil, gas 
																		and 
																		mining 
																		companies 
																		to the 
																		government. 
																		The 
																		report 
																		discloses 
																		that the 
																		four oil 
																		and gas 
																		companies 
																		in the 
																		country 
																		- 
																		Talisman, 
																		Lukoil, 
																		Anadarko, 
																		and 
																		European 
																		Hydrocarbon 
																		– 
																		accounted 
																		for over 
																		US $15m 
																		revenues, 
																		of which 
																		almost 
																		US $14m 
																		was paid 
																		in 
																		signature 
																		bonuses. 
																		Talisman 
																		alone 
																		generated 
																		over a 
																		third of 
																		total 
																		government 
																		revenue 
																		from the 
																		extractive 
																		sector. 
																		In 
																		addition, 
																		the 21 
																		mining 
																		companies 
																		– 
																		dealing 
																		in gold, 
																		diamonds, 
																		bauxite, 
																		iron ore 
																		and 
																		rutile - 
																		provided 
																		a 
																		further 
																		US $12m.
																		Sierra 
																		Leone 
																		was 
																		temporarily 
																		suspended 
																		by the
																		
																		
																		EITI 
																		Board 
																		in 
																		February 
																		2013 for 
																		failure 
																		to 
																		achieve 
																		EITI 
																		compliance 
																		following 
																		two 
																		validations, 
																		which is 
																		the 
																		quality 
																		control 
																		mechanism 
																		of the 
																		EITI. 
																		This 
																		report 
																		seeks to 
																		address 
																		the main 
																		corrective 
																		actions 
																		agreed 
																		by the 
																		Board 
																		before 
																		lifting 
																		the 
																		suspension. 
																		The 
																		report 
																		is now 
																		being 
																		assessed 
																		by the 
																		International 
																		Secretariat 
																		in order 
																		to make 
																		a 
																		recommendation 
																		on 
																		whether 
																		to 
																		proceed 
																		with a 
																		full 
																		Secretariat 
																		Review." And then we read that 
						the rat launched a report in Freetown on January 14 
						
		
						(SIERRA 
						LEONE EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (SLEITI) 
						RECONCILIATION REPORT FOR THE YEAR 2011)
						which appears to be an attempt by the government to 
						explain/reduce the gap between what was paid into 
						government coffers by the extractive companies and what 
						was reported by the government. As usual, the rat's 
						speech is long on promises but always short of delivery 
						- a trade mark of the smoke and mirrors exponent. Who 
						can believe this from him -  "My government is 
						committed to avoiding the negative consequences by 
						ensuring that the natural resource wealth of this 
						country is harnessed responsibly and for the benefit of 
						all Sierra Leoneans"? How many Sierra Leoneans can he 
						say are benefiting from the country's natural resources? 
						If you ask him, without blinking an eyelid, he'll blurt 
						out "everybody" meaning he and his thieving cabal. 
						
						  It is so 
						simple an arithmetic. If the extractive companies have 
						it on their books that they paid x amount of dollars to 
						government, the government must show on its books that 
						it received x such amount - nothing more nothing less. 
						But where you have differences running into millions of 
						dollars, then questions have to be asked and that was 
						how our poor rich country got suspended - for those in 
						authority just do no believe in the truth never mind the 
						fact that they have not told the people what the money 
						accruing from this sector is being used for. Surely not 
						for the purchase of more war weapons, we hope and we 
						still have to see how such funds are used in the 
						interest of the people, especially those affected by the 
						operations of the various exploitative extractive 
						industries. To get things going and 
						get the records straight, the government employed a 
						UK-based accounting firm audit company 
						
						Moore Stephens to go through the books of the 
						Sierra Leone Chapter of the EITI appropriately named 
						Sierra Leone Extractives Industry Transparency 
						Initiative and it is worth noting this bit in the 
						recommendations contained in that report. 
	"It appeared that to date the SLEITI 
	Secretariat still does not have a comprehensive database of all extractive 
	companies operating in the extractive sector. This is due to the lack of a 
	formal procedure of communication between the Secretariat and Government 
	Agencies with regard to active extractive companies. Accordingly, SLEITI did not have the list of 
	active companies along with their TIN, activity status (exploration or 
	production stage), active licenses and the type of minerals extracted. 
	Although we obtained most of the information from Government Agencies during 
	our fieldwork, other key information such as activity status and minerals 
	extracted were still missing.We 
	recommend that, in the first instance, the Secretariat should create and 
	maintain its database following this reconciliation exercise. The 
	Secretariat should then liaise with 
	the Government Agencies to ensure it obtains 
	adequate information in real time and updates the database regularly. To this end, we believe it is vital that 
	any new entrants to the extractive sector are registered with the EITI 
	Secretariat as part of the process before or at the same time as they obtain 
	their operating licence. A quarterly review with the Government Agencies of 
	the list of extractive companies licenced to operate in the sector is also 
	recommended."Figures will never get 
	reconciled as it is not in the nature of the corrupt to do things in the 
	right manner. The report throws the spotlight on just what is wrong with the 
	extractives industry with some mining companies with close links to State 
	House not even reported on nor named. These would no doubt include private 
	mining activities carried out by elements with close links to State House. 
	And the members of the thieving cabal are surprised that their paws were 
	kicked off the US tax payers money after they were rejected by the US 
	Millennium Challenge Fund due mainly to the hard fact on the ground that the 
	rat and his operatives are steeped in massive corruption.  
		One report states - 
		
			"According to the MCC’s yearly 
			Country Scorecard released on November 6, Sierra Leone passed in 11 
			out of 20 indicators, including political rights and freedom of 
			information. 
			But the West African country failed 
			on, among others, fiscal policy, natural resources governance and, 
			crucially, control of corruption."   
				Here's what a member of the 
				deception committee is quoted as saying after Sierra Leone's 
				application was rejected - "Although the MCC said it would 
				maintain “continued but limited engagement” with the two failed 
				countries, (Sierra Leone and Benin) Sierra Leone's MCC 
				coordinating unit head stressed that “until and unless 
				government shows dramatic and demonstrable mark of reducing 
				corruption, we can do this over and over and we will not pass 
				it.” The MCC will need to take a second look 
		at Sierra Leone under the rat's administration where constituents are 
		deprived of the candidate they voted for in crucial elections with two 
		key seats in constituencies 5 and 15 awarded to his party in the most 
		corrupt and undemocratic manner - thanks to a compliant, submissive, 
		corrupt and failed judiciary and Parliament. Kindly read a part of the 
		rat's address to some of his operatives - an address that was meant to 
		tell the international community that he is doing something about 
		tackling corruption. 
			
			“There is a 
									syndicate of 419ers using fake certificates 
									from the Ministry of Mineral Resources and 
									the GGDO to fleece investors of thousands 
									and sometimes millions of dollars, and when 
									they are arrested, they connive with the 
									police to chase the investors away, or if 
									these culprits are taken to the justice 
									system they are granted bail with the 
									purpose to share the loot. This is done with 
									the knowledge of people sitting in this 
									room.  
			The police know this is happening in a 
									grand scale,” the President asserted, making 
									mention of the seized cocaine plane as 
									having been in the business since 1992 with 
									the connivance of people expected to 
									maintain the law...“This year will be a 
									year with a difference… It will not be 
									business as usual… We must change the 
									direction of this country…no infrastructural 
									development will take us out of the woods if 
									the situation continues as it is now. As 
									ministers and institutional heads, you must 
									take full responsibility of your departments 
									by looking inwards.  
			The Sierra Leonean 
									public has had enough; they have not been 
									treated fairly because of the interests of 
									those who want to mortgage the sovereignty 
									of Sierra Leone to Al Qaeda or other 
									terrorists for a few dollars.”  Hear hear, his comrades in thieving 
		would say, but let him explain the source of the foreign currencies he 
		has - not only in banks abroad but raw cash in his private cache at home 
		and at State House. And the equally compliant head of the Anti 
		Corruption Commission refuses to question the rat on the source of his 
		unexplained wealth - an offence under 
		
		the 2008 Anti Corruption Act. 
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