MONROVIA – The House of Representatives Committee on Concessions, backed by the Liberia Revenue Authority (LRA), has secured a $1 million payment from China Union for outstanding arrears owed to the Liberian government.
The breakthrough came during a concession compliance hearing at the Capitol on Wednesday, August 27, where committee chairman Representative Foday Fahnbulleh confronted company executives over its long-standing debts.
LRA Deputy Commissioner for Technical Affairs, Gabriel Y. Montgomery, provided critical data, revealing the company’s multi-million dollar arrears. The National Bureau of Concessions, represented by Director General Theodore Momo, Sr., further detailed a pattern of non-compliance, including delayed payments and a failure to meet key contractual benchmarks.
Faced with this coordinated pressure and evidence, China Union’s Deputy Managing Director, Kim Sheng, committed to a **$1 million payment** by the close of business that same day. The payment is viewed as a critical first step toward settling the company’s full debt.
Chairman Fahnbulleh emphasized that the hearing signals a new era of strict oversight. “This is a clear message that concessionaires must honor their commitments to the Liberian people,” he stated. “Our natural resources must translate into tangible development gains.”
