Liberia: NOCAL Finance Chief Azango Held In Contempt, Entity Faces Shutdown, as Government Struggles With Decade-Old US$764,762 Liability
Monrovia, Sept. 24 -- National Oil Company of Liberia Vice President Finance and Chief Financial Officer of NOCAL Emmanuel Azango on Wednesday, September 23, found himself at the center of a growing financial and judicial crisis after the Commercial Court held him in contempt and kept him on the court's bench for more than two hours, as the Government of Liberia faces enforcement over a decade-old debt dispute that has reportedly ballooned into a US$764,762 court award.
By: Willie N. Tokpah
The dramatic development unfolded Wednesday, when Chief Judge Eva Mappy Morgan ordered the immediate closure and sealing of the National Oil Company of Liberia, NOCAL, and the Ministry of Finance and Development Planning, directing the Commercial Cou...
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