Liberia: LEC Admits Owing Swedish Firm Eltel Over U.S.$415k

[Liberian Observer] After nearly a decade of dispute, the Liberia Electricity Corporation (LEC) has formally acknowledged owing more than US$415,000 to ELTEL Network-Liberia, a Swedish engineering firm, for electrical materials supplied under a 2016 agreement. The admission, made during proceedings at the Debt Court on Tuesday, marks a significant turning point in a case that has tested the credibility of public-sector contract enforcement and investor confidence in Liberia.

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