Liberia: Restoration Baptist Church Wants National Legislature Restore Liberians 5% Equity in Petroleum Contracts - News Summed Up

Liberia: Restoration Baptist Church Wants National Legislature Restore Liberians 5% Equity in Petroleum Contracts


Joseph Gardea Johnson, III to join and support CORLE in the fight to restore Liberians 5% birth right to profit in petroleum contracts. Johnson- follows a review of the original section of Liberia’s 2014 Petroleum Law on citizens participation alongside a clandestine amendment made to the law in 2019. The amendment transferred potential billions of future oil profit from a Citizens Fund mechanism- that would have benefited every Liberian- to 9 politically connected Liberians with “oil & gas companies”. Before the amendment, the law required a 5% share FOR THE BENEFIT OF A CITIZENS FUND and mandated how Citizens Fund should be managed. Johnson’s experience and commitment to fighting for justice and accountability will help reverse the 2019 amendment and by that protect billions of oil profit for poor Liberians.


Source: Front Page Africa August 25, 2021 09:22 UTC



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