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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