How the hell did 90 percent of the PSDI loans, now in default, end up in the hands of Dr. James Kollie, his cronies, and his concubines? Well, let’s see… According to Dr. Kollie, “LBDI had the exclusive responsibility to make…credit agreements (and) to determine whether collateral presented by potential borrowers met CBL (Central Bank of Liberia) requirement on lending…”
In other words, because “LBDI had the exclusive responsibility to make…credit agreements (and) to determine whether collateral presented by potential borrowers met CBL requirements”, there’s NO way Dr. Kollie had anything to do with who got loans!
(Yeah, right….I have to suppress the laughter here.)
By the way, Dr. Kollie’s exclusive responsibility, as Project Administrator, was to recommend “borrowers” for the PSDI loans! So, was it a mere coincidence that 99 percent of those “borrowers” were Dr. Kollie himself, his cronies, and his concubines?? I don’t think so. Only someone who was born yesterday would believe that Dr. Kollie had nothing to do with the picking and choosing of the PSDI loan recipients!
But do you think the Minister of Finance, who is doing an investigation of PSDI, was born yesterday? I can’t wait to read his report to the President!