Africa-Press – Sierra-Leone. The Anti-Corruption Commission (ACC) has denied claims made by Octea Limited that Koidu Holdings (SL) Limited has been cleared of corruption.
The ACC clarified that the investigation into the company is still ongoing and no conclusion has been reached.
On 6th May 2025, Octea Limited sent a letter to the Office of the First Lady, stating that the ACC had found no evidence of corruption, bribery, or similar activities involving Koidu Holdings. The ACC responded, calling this assertion inaccurate and confirming that the investigation into Koidu Holdings is still in progress.
The investigation involves several serious allegations, including tax evasion, failure to make employee deductions and payments to state institutions such as NASSIT and the National Revenue Authority (NRA), failure to pay required employee entitlements, avoiding taxes on mineral exports, violating local content labour laws, and the improper use of expatriate workers to reduce tax liabilities. The ACC is also looking into the use of foreign financial arrangements and potential collusion with individuals and state institutions to avoid legal and financial responsibilities.
The Commission said it has not cleared Koidu Holdings of any wrongdoing, and the investigation is still open. The public will be informed once the investigation is complete.
In a separate matter, the ACC addressed a claim in the same letter that the First Lady of Sierra Leone was being investigated for misuse of public and charity funds. The ACC clarified that this was not the case. The Commission had looked into whether public funds allocated to the Office of the First Lady were appropriate. It found that the allocation was in line with practices for past first ladies. The ACC also made recommendations to improve how these funds are handled, and these recommendations have already been implemented.
The ACC concluded by assuring the public that the investigation is ongoing and that the results will be shared once the process is finished.
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