Liberia-Niron Rail and Port Use MoU May Be Stalled due to Litigation - News Summed Up

Liberia-Niron Rail and Port Use MoU May Be Stalled due to Litigation


It was Sarkozy who brokered the deal between, professor Alpha Conde and Stymentz; ending a seven-year feud between the two. Vale had paid an enormous sum of money to BSRG for Zogota before Guinea had sued Stymentz for obtaining the license fraudulently; an accusation Stymentz has denied. The problem here is that Niron has signed an MOU with the Liberian government without first resolving all litigation levied against them. According to Guinea newspapers, Vale will go after Zogota as part payment of monies owed them. This issue will be resolved in international courts causing a slowdown in the development of the Zogota project.


Source: Front Page Africa April 23, 2019 01:07 UTC



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