{"id":55074,"date":"2024-04-02T15:49:17","date_gmt":"2024-04-02T15:49:17","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds"},"modified":"2024-04-02T16:55:55","modified_gmt":"2024-04-02T16:55:55","slug":"nocal-clarifies-media-reports-over-alleged-misapplication-of-funds","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds","title":{"rendered":"NOCAL Clarifies Media Reports over Alleged Misapplication of Funds"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Liberia. <\/strong><\/span>The Officer-In-Charge of the National Oil Company of Liberia (NOCAL) Jacob Kabakole<\/p>\n<p>The Officer-In-Charge of the National Oil Company of Liberia (NOCAL), Jacob Kabakole, has made it clear that reports implicating his entity in an alleged corruption scandal involving approximately $600,000 are false.<\/p>\n<p>\u201cIf you don\u2019t have anything to say, shut up. I didn\u2019t steal any $600k, and at NOCAL, your 2 by 5 media platform should shut up,\u201d said the NOCAL boss on Monday, April 1, 2024.<\/p>\n<p>Addressing journalists at the Ministry of Information during a Special Press Briefing, Mr. Kabakole stated that the information regarding alleged embezzlement is false and misleading.<\/p>\n<p>\u201cSetting the Record Straight: A Rebuttal to Recent Allegations \u2013 In light of recent reports published by certain media outlets, it has become necessary to address the misinformation and smear campaign directed at myself and the esteemed Office of the Officer in Charge (OIC) NOCAL,\u201d Kabakole said.<\/p>\n<p>He added: \u201cAs I have unequivocally stated, and I am now emphatically restating, I have done nothing wrong. While all evidence exists that the media outlets responsible for spreading this misinformation are simply tabloids, and not one of our more reputable brick and mortar media houses, we deem it prudent, as is within my fiduciary responsibility, to get ahead of this mill and nip it in the bud.\u201d<\/p>\n<p>According to him, at no point during his oversight of the national oil company has he signed off on any disbursement of such a sum to anybody, something he says is a deliberate attempt at tarnishing a reputation built on integrity and dedication to national progress.<\/p>\n<p>\u201cI am further convinced that the actors behind this ruse have a more immediate intention to discredit the President\u2019s appointment of officers in charge and to undermine the amount of consideration His Excellency gave to making this decision. With this realization, I am even more compelled to address the issues as I am now doing. Gratitude to Supporters: We extend our heartfelt thanks to the information minister and the leaders of civil society for their unwavering support during this time,\u201d he said.<\/p>\n<p>\u201cI really appreciate those institutions who exercised due diligence to uphold both the integrity and dignity of our fourth estate. The Facts: To set the record straight, he listed what he terms as factual details of the project\u2019s progression and financial transactions prior to my appointment as Officer-in-Charge:<\/p>\n<p>Kabakole stated that on July 13, 2023, NOCAL entered into a contract with BMC Group Inc. for an office construction project valued initially at $2.9 million. This contract was duly processed and appears to have adhered to the Public Procurement and Concessions Commission (PPCC) guidelines.<\/p>\n<p>The first payment to BMC, he said, totaled $1,456,928.84 million and was made on July 17, 2023, signifying the commencement of the contractual obligations. The payment, he added, was made in two separate checks of US$728,464.42 each.<\/p>\n<p>He further states that the actual construction began in November 2023, followed by a contract amendment on November 23, 2023.<\/p>\n<p>\u201cThis amendment, approved by the PPCC, increased the contract value to $4.5 million to accommodate necessary project adjustments. The new amount represented an increment of $1.5 million or 51.72%,\u201d he said.<\/p>\n<p>Kabakole added: \u201cNOCAL hired TSC Global as its Project Consultant with the primary responsibility of monitoring, evaluating, and certifying that BMC was carrying out the project according to the terms and specifications of the contract.\u201d<\/p>\n<p>On December 15, 2023, he said an additional payment of $796,259.39 was made to BMC, bringing the total disbursement to $2.2 million, which accounted for 50% of the revised contract value.<\/p>\n<p>\u201cIt is crucial to note that these developments, including the financial transactions, occurred before my appointment. My official responsibilities commenced on January 29, 2024, by which time the project was well advanced, and the outlined payments had been completed,\u201d he said.<\/p>\n<p>Kabakole added: \u201cIn continuation of the facts stated above, we have paid 6.7% of employees\u2019 educational benefits, which my predecessor did not see as a priority over a five-year period. The leadership of the company at the time claimed it was executing austerity measures, and educational benefits were not as critical for the operational expense of NOCAL.\u201d<\/p>\n<p>He continues: \u201cThe Institution, upon my arrival, owed $132,750.00 USD to staff for educational benefits. The same leadership, unfortunately, during their departure, paid severance in the tune of close to half a million dollars, defeating their previous argument for refusing to pay employee benefits.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/liberia\">Liberia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Liberia. The Officer-In-Charge of the National Oil Company of Liberia (NOCAL) Jacob Kabakole The Officer-In-Charge of the National Oil Company of Liberia (NOCAL), Jacob Kabakole, has made it clear that reports implicating his entity in an alleged corruption scandal involving approximately $600,000 are false. \u201cIf you don\u2019t have anything to say, shut up. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":55073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,237,234],"class_list":["post-55074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NOCAL Clarifies Media Reports over Alleged Misapplication of Funds - Liberia<\/title>\n<meta name=\"description\" content=\"The Officer-In-Charge of the National Oil Company of Liberia (NOCAL) Jacob Kabakole The Officer-In-Charge of the Nati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOCAL Clarifies Media Reports over Alleged Misapplication of Funds\" \/>\n<meta property=\"og:description\" content=\"The Officer-In-Charge of the National Oil Company of Liberia (NOCAL) Jacob Kabakole The Officer-In-Charge of the Nati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T15:49:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T16:55:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/04\/sm_1712064269.302825.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NOCAL Clarifies Media Reports over Alleged Misapplication of Funds\",\"datePublished\":\"2024-04-02T15:49:17+00:00\",\"dateModified\":\"2024-04-02T16:55:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\"},\"wordCount\":733,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/04\/sm_1712064269.302825.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/nocal-clarifies-media-reports-over-alleged-misapplication-of-funds\",\"name\":\"NOCAL Clarifies Media Reports over Alleged Misapplication of Funds - 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