Liberia: Nasscorp Gave Cocopa U.S.$1.5 Million, Not for Campaign

Dewitt vonBallmoos, the director general (DG) of the National Social Security and Welfare Corporation (NASSCORP), has issued a correction to the Senate's claim that the corporation funded the Liberty Party's (LP) campaign activities in the amount of US$1.4 million under the guise of investing in the Cocopa Rubber Corporation in Nimba County.

"A few days ago, it was reported that the Senate queried an investment made by NASSCORP in the Cocopa Rubber Corporation, now Nimba Rubber Incorporated (NRI). Those reports alleged that the corporation gave a sum of of US$1.4 million to the LP under the pretext of investing in Cocopa," vonBallmoos told journalists yesterday at his 15th Street office in Monrovia.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.