SEGAL: ‘US$2.5M Real Estate Agreement on Course’


The Chief Executive Officer and general manager of the Security Expert Guard Agency of Liberia (SEGAL), Momo T. Cyrus, has said his organization is currently finalizing a US$2.5 million real estate development agreement with a company in Dubai.

Mr. Cyrus made the disclosure on Saturday at SEGAL’s office, when the Liberia Broadcasting System Workers’ Union (LBSWU) certificated him on what they termed ‘Entry into Honorary LBSWU Membership.’ Cyrus described the agreement as a success for SEGAL and Liberia.

“This negotiation is almost at the finalization and the project will begin within the next few months on the Tubman Boulevard in Monrovia. We already have the land and are moving to ensure that SEGAL builds one of the best estates in Liberia,” he explained.

Mr. Cyrus also said the agriculture department of SEGAL is on course and will remain a total focus of the institutions to ensure that the feeding program, which is another aspect of security, is sustained.

About his organization challenges, Mr. Cyrus called on the government to begin reviewing the taxes levied against private security institutions – since they help maintain the peace – adding that the 10% tax was too much for security institutions.

“The issue of the three months tax clearance is killing institutions because some clients cannot pay our money due to tax clearance. We want to propose six months instead of three months and 6% tax,” he said

“There is a need for government to begin building partnership with the Liberia Private Security Association to support the peace Liberia is currently enjoying. The private security institutions have the expertise and government needs to make use of those expertises in order to foster the peace.”

On the role of the media, Mr. Cyrus described the media as a strategic partner to sustaining the peace in Liberia and hopes the media will continue to report facts, especially during and after the drawdown of United Nations Mission in Liberia (UNMIL).

“The media has the ability to create war or resolve war based on information being provided. The media needs to preach peace building and reconciliation because Liberia needs to shine,” he said.


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