Liberia’s National Oil Company Sacks Entire Staff


By James Butty


The Perspective
Atlanta, Georgia

August 27, 2016

                  



 
 
 
 
President Ellen Johnson Sirleaf

The National Oil Company of Liberia (NOCAL) Tuesday sacked its entire staff of 200, saying it did so to save itself from collapse due to declining oil prices. President Ellen Johnson Sirleaf endorsed the cuts, saying they will reduce costs and put NOCAL on a more viable financial footing.

A statement issued Tuesday said Sirleaf instructed NOCAL’s board of directors to restructure for organizational efficiency and effectiveness.

Rodney Siehpublisher of Liberia’s FrontPage Africa newspaper and online magazine, said the reductions are not surprising given NOCAL’s reputation as a dumping ground for political appointees, its bloated staff and mismanagement.

“This action by the president involving the decision by the Board of Directors for the National Oil Company of Liberia has been long in the making. As you may recall, some time ago, we reported that there were some problems within the oil sector, that there were signs that the management were paying extravagant travels outside the country, that they were misspending the money intended for the oil sector,” he said.

Sirleaf said “despite the obvious decline in revenue that began in late 2013, NOCAL continued hiring staff at an alarming rate with exorbitant benefits resulting in the current wage bill of over $7 million (US) per annum.”

Sieh described as a contradiction NOCAL’s claim that the mass dismissals were the result of declining oil prices.

“Although there are falling oil prices, mind you, Liberia has not discovered commercial quantity of oil. So, the issue of oil prices dropping is a non-issue in this matter. The main problem is that the management was not running the company properly. There are a lot of issues behind the scene that were not addressed,” Sieh said.

Sieh said Sirleaf’s support for the mass cutbacks shows she was aware all along about the problems within the sector. He said that although Liberia is experiencing high unemployment, the sacking of the entire staff may help reduce NOCAL’s bloated staffing at a time when Liberia has not yet discovered oil.

“NOCAL has become the dumping ground for political appointees. Liberia hasn’t discovered oil yet, so it’s a very small company. The perception is that there were too many people in the company anyway. Now, the president has suggested a more realistic number for NOCAL. She said it shouldn’t be more than 50 people in that country,” Sieh said.

Source: VOA


Kandajaba Zoebohn Zoedjallah
Oh yes, after the President's son Robert Sirleaf siphoned 2.5 Billion US Dollars from the companies finances within his capacity as Chairman of the Board and his mother President Ellen Johnson Sirleaf abusing her immunity rights says she takes responsibility to prevent her son from being prosecuted, the poor employees have to bear the consequence as the victims! With all this the political trollop and intellectual prostitute John H.T. Stewart does not see it as "the nation burning"! What a fool!
Kandajaba Zoebohn Zoedjallah at 07:25AM, 2016/08/28.
Jerry Wehtee Wion
And you should have mentioned the Wall Street-like salaries of the former NOCAL head, President Sirleaf's son, Robert Sirleaf's $360,000.00 a year plus other perks, and each NOCAL Board member who earned $9000.00 a month, or $108,000.00 a year.

And to add insult to injury, President Sirleaf has refused for her son Robert and NOCAL as a whole to be audited. And anyone who thinks in their right mind that the 2017 elections will be transparent so that an Ellennite doesn't replace Ellen must live on a different planet.

This is all part of the power struggle in the House to remove Speaker Tyler to illegally plant an Ellennite in his seat. It is not about Tyler taking bribe. Then why isn't Ellen's son Fombah Sirleaf indicted also because he is among those mentioned of taking bribe. Hello Liberians???
Jerry Wehtee Wion at 09:02AM, 2016/08/28.
Kandajaba Zoebohn Zoedjallah
And as if this fat-billy-goat calling himself John H.T.Stewart Liberia lives in a different universe, he comes to insult our intelligence by extolling his notoriously incompetent and corrupt pay-mistress Ellen Johnson Sirleaf "for her boldness in fighting corruption" by indicting her personal enemies and letting her children and her cronies commit the worst corruption and crimes with impunity!

Look what REAL AND DECENT people did in the US few days ago: Despite their membership of the Republican Party, they wrote a letter to the nation with fifty signatures of the policymaking and national security establishment saying Donal Trump is "UNFIT FOR THE PRESIDENCY AND THE OVAL OFFICE"! THIS IS WHAT THE NATION EXPECTS AND NOT SUCH STUPIDITY FROM THIS JOHN STEWART OR WHATEVER HE CALLS HIS KPEHSEH SELF!
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