UP’s Snowe Disassociates from US$420.8m Loan Approval

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Rep. Snowe (right) expresses his dissatisfaction to House's Speaker Chambers about the passage of the US$420.8m Loan.

The Chairman of  the House of Representatives Foreign Affairs Committee Bomi County District #1 Representative Edwin M. Snowe, Jr., has frowned on and explicitly disassociated himself from the ratification of the US$420.8 million Financing Agreement/Loan by neither voting for, against or abstaining.

Snowe, an executive member of the Unity Party (UP), by virtue of his disassociation, was not included in any of the three tallies announced by Senior Stenographer Commick Chea, which showed the full passage of the US$420.8 million on Thursday, June 7, at the 35th day sitting.

At a press conference in his office, after the unusually swift approval of the US$420.8 million Loan in the House Chamber, the Snowe said his decision to refrain from voting  followed the deliberate refusal of Speaker Bhofal Chambers, to allow him participate in deliberations on the report from the Joint Committee on Ways, Means, Finance and Development Planning and the Judiciary on the report of the passage of the Loan.’

“I was neither allowed to participate in the discussions nor speak to the moment to amend the motion which led to the passage of the US$420.8 million Loan. However, being that it was voted upon unanimously and being a member, I will say, we approved the loan,” Rep. Snowe said sad dejectedly.

When quizzed what he had wished to say during discussions of the US$420.8 million Loan consultation, he declined to comment and said, “The loan has already passed, so I have nothing to say.”

Informed sources say that the Bomi County District #1 lawmaker sought full  disclosure of the “Sovereign Guarantee” for the US$420.8 million loan, having been absent during  earlier deliberations on the US$536.4 million Loan agreement.

Snowe neither attended the public hearing nor participated in the vote concerning the US$536.4 million loan agreement. He had however just returned from attending the opening of the first ordinary session of the fourth Legislature of the ECOWAS Parliament, which ran from May 10 thru 30.

According to terms of both loan agreements, the first tranche of the loan will be sent to the Central Bank of Liberia (CBL) after the confirmation dates of Sovereign Guarantees.

Unconfirmed reports say the Sovereign Guarantee for the US$536.4 million Loan is the Wologizi Mountain, while the US$420.8 million Loan would be a percentage of every ton of iron oe which would be exported from the country.

The US$420.8 million loan, according to the Minister of Finance, is aimed at financing the design, construction and supervision of transport corridors in Monrovia (Somalia Drive – Kesselly Boulevard to Sinkor) and northern Liberia; Tappita to Zwedru road, including Toe Town to La Cote d’Ivoire border and Zwedru to Greenville.

The Loan, which seeks to construct 256.2km of roads, was signed between the EBOMAF SA Company (Entrepreside Bonkoungou Mahamadou and Fils), headquartered in Ouagadougou, Burkina Faso, and Government of Liberia.

The passage of the two Loans bring the total amount to US$957.2 million and was ratified within 72 hours — Tuesday and Thursday respectively.

ECOWAS Parliament Delocalized in Monrovia

The House’s Foreign Affairs Chairman has disclosed that the ECOWAS Parliament will hold a Delocalized Meeting of its Joint Committee on Communications and Information Technology; Education, Science and technology; Labor, Employment, Youth, Sports and Culture in Monrovia from August 28 to September 1.

Rep. Snowe also told journalists that he has been nominated by the Speaker of the ECOWAS Parliament, Moustapha Cisse Lo, to head an ECOWAS Parliamentary Mediation Follow-up Mission from June 11-15, 2018, in Freetown, Sierra Leone, and also to attend another Delocalized Meeting in Bissau, Guinea Bissau from June 19-23, 2018.

16 COMMENTS

  1. I don’t know Rep. Edwin Snowe, but I know of him. He is a fighter and a counterpuncher, but hardly a quitter! By any means, Snowe is not a perfect guy. Of course the last time I enquired of a perfect person, my pastor told me that approximately 2000 years ago, a gentleman named Jesus lived. Jesus was physically perdect! The implication of the foregoing thought is that all human beings have a frailty. Snowe is not an exception.
    It is not a violation of ethics or an abandonment of a responsibility to abstain from voting for or against any particular issue. If a politician’s constituents do not endorse a legislative agenda in any of the Lower or upper Houses , the representative (in this case, Snowe) has a moral obligation to abstain. So there’s nothing to bicker about here.

    Snowe has done no harm.

  2. Nonsense. “In the land of the Blind, the one eye person think their the King…Nonsensical talk. Liberia is a state in a regional body…

  3. Mr. Weah and his government can do all their shit, but don’t expect anything from Wologizi. We the people of Lofa will not stand by and mortgage our inheritance for some corrupt scheme. I have known Weah since 1990 and he loves backdoor deals and this is no different.

    • Boone,

      you might think that the” Weah Government is their shit but from Loffa, what they did when it came to ” ratification of the US$420.8 million Financing Agreement/Loan by neither voting for, against or abstaining”. These people do not care for the county and the future of the country, they are only there to represent themselves.

  4. The usage of Mount Wologisi as a sovereign guarantee for the loan is not a welcoming development for the people of Lofa because we stand to benefit nothing from that loan agreement.
    Please accord the people of Lofa some courtesy when you are using any of our resources as a guarantee for any other project in Liberia.
    If you cannot meet up with the payment of the loan as a government, the you will have the great people of Lofa to contend with….we are watching

    • Watching very cloesly and hope the needful is done with due deligence. I am not sure the government has intended to let the mount Wologisi out for few folks to pocket the benefits , I am also not sure Wologisi has got any linkage to this loan. watching very cloesly!

  5. President Weah, you’re going too far too soon, mess with wologizi and you will have world War four(4) right in Liberia because if any body touch wologizi without a massive benefit for the people of Lofa, we the lofians will not allow it and I know that will not end well.

  6. This will bne the last straw and hope we dont get to that level anymore. We have come just too frar and with the experience of Bomi hill, now the famous blue lake’, the pro government should not mess around with that Wologisi mountain. President Weah wont want to thread on any poast mistakes of corrupt leaders. If this will me for some of us that supported the CD during the elections to turn against the Propoor agenda, we are prepared to do that and very quickly!. Thats the last option Mr President. Dont go there Mr President. You are dead wrong on that sovereign guarantee that our Wologisi mountain is in that arrangement.

    • Phillip,
      The man is already there, your representatives sat down and the voting took place, the only reason why you are hearing about what happen is that ” District #1 Representative Edwin M. Snowe, Jr UP Bomi County, disassociated himself from the ratification of the US$420.8 million Financing Agreement/Loan by neither voting for, against or abstaining.” your representatives sold your birthright. Right now I think the only thing that can happen now is for the people of Lofa county to rise against the agreement-Loan because of the Sovereign Guarantee for the US$536.4 million Loan is the Wologizi Mountain, while the US$420.8 million Loan would be a percentage of every ton of iron ore which would be exported from the country-county.

  7. This will be the last straw and hope we dont get to that level anymore. We have come just too frar and with the experience of Bomi hill, now the famous blue lake’, the pro government should not mess around with that Wologisi mountain. President Weah wont want to thread on any past mistake of corrupt leaders. If this will mean for some of us that supported the CDC during the elections to turn against the Propoor agenda, we are prepared to do that and very quickly!. That’s the last option Mr President. Dont go there Mr President. You are dead wrong on that sovereign guarantee that our Wologisi mountain is in that arrangement.

  8. We will appreciate if you Lofians secede from Liberia. In this light, Wologizi will be your sole property.
    It is a shame that you guys keep threatening national government for this mount.
    Why Bongese or Namibians not threatening world war four for their mountains. Education seems to be a total nonsense for some who acquired it. Well educated people look at the benefit. Will this money end up in pockets like previous administrations? How can we hold this government accountable for every dime spent? We have to monitor this government and the loans they are taking. Point out their wrongs without making threat. Find solution and suggest it to policy makers. We deserve better guys.

  9. I am surprised by the statements from some citizens of Lofa County to bring about war because the National government wants to use Mt Wologisi as sovereign guarantee for loan. I think you all should approach this situation with respect and forget the threat of war. When roads are built in Liberia, it benefits all Liberians. In Nimba, we have had the iron ore depleted from Mt Nimba and now ore is been mined at Mt Tokadeh, and nobody threatened the government because the country benefited from Bong Mines, Bomi Hills and Nimba. How do the Liberian government operate? From proceeds generated from iron ore, rubber, diamond, palm oil etc. Liberian people are not interested in war because it destroy our population and display people all over the region. Liberian should not even think about talk of war.

    • Steve,
      This is one of the reason people are talking about diving Nimba county. Since 1964, LAMCO opens its doors to the people of Nimba(the name that came after the( Nimba county was established), until the past 12 years what did the people get form the mount. There is no development in Lower Nimba county, roads are so bad during the raining seasons, people do not travel to certain areas, yet people are working on the mines- so I think the Lofans should speak out right now.I am from Tappita so I know what I am talking about-road conditions, and Steve I think you know it too.

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