ADVERTISEMENT
  • Home
  • Latest News
  • Talking Point
  • Business
  • Sports
  • Elections-2023
  • Contact
Monday, December 15, 2025
  • Login
Forum News
Advertisement
  • Home
  • Latest News
  • Talking Point
  • Business
  • Sports
  • Elections-2023
  • Contact
No Result
View All Result
  • Home
  • Latest News
  • Talking Point
  • Business
  • Sports
  • Elections-2023
  • Contact
No Result
View All Result
Forum News
No Result
View All Result
Home ALL NEWS

Sierra Leone’s Billion-Dollar Betrayal: How Bad Governance and Legal Defeat Crippled a Nation’s Future

FORUM NEWS SIERRA LEONE by FORUM NEWS SIERRA LEONE
18 November 2025
in ALL NEWS, FORUM MINDS, LATEST NEWS, POLITICS
0
Bio

Bio

0
SHARES
115
VIEWS
Share on FacebookShare on Twitter
Share on

By Albert David

When nations lose in court, they lose more than money. They lose credibility, sovereignty, and the trust of their people. Sierra Leone’s recent legal defeats, first against the Gerald Group (SL Mining, now rebranded as Marampa Mining) and then against its own hired law firm, represent not just financial hemorrhage but a devastating indictment of governance under President Julius Maada Bio.

The First Blow: A $1.5 Billion Settlement

Qcell Qcell Qcell

In 2020–2021, Sierra Leone was dragged before international arbitration for breach of contract with Gerald Group. The outcome was catastrophic:

A $1.5 billion in cash compensation paid directly from Sierra Leone’s coffers. Gerald Group returned triumphantly, merely changing its name to Marampa Mining, a cosmetic disguise that fooled no one.

The company secured 99.45% of Marampa’s mining rights for 30 years, effectively monopolizing one of Sierra Leone’s most strategic resources for an entire generation.

This was not just a legal defeat, it was the surrender of national wealth. A government entrusted with safeguarding the people’s resources instead handed them over, undermining sovereignty and mortgaging the future of millions.

As if the first humiliation were not enough, the very law firm hired to defend Sierra Leone turned predator. Claiming underpayment and excessive workload, they sued the government, and won.  Initially paid $3.6 million, the firm demanded more.  The international court ordered Sierra Leone to pay $8.1 million. The Bio administration quietly agreed, shielding the public from the truth.

This second defeat is more than financial mismanagement, it is a grotesque irony. The defenders became accusers, and the government capitulated again, exposing a culture of negligence and deception.

Billions drained from public funds while unemployment soars. Mining rights locked away, leaving Sierra Leoneans with crumbs from their own soil. Settlements hidden, accountability evaded, citizens misled.  Governance reduced to manipulation, undermining democracy and civic faith.

This is not merely about numbers, it is about the betrayal of a nation’s future. The Bio government’s actions reveal a troubling pattern: interference in private sector affairs, disregard for transparency, and reckless disregard for economic stability.

Sierra Leone’s losses are not isolated incidents. They are symptoms of a deeper malaise: bad governance, undemocratic practices, and a leadership that prioritizes survival over accountability. The Gerald Group saga and the law firm debacle expose a government willing to gamble with national wealth, deceive its citizens, and compromise the country’s stability.

The result? A crumbling economy, skyrocketing unemployment, and a nation trapped in cycles of dependency and despair.

Sierra Leone’s billion-dollar betrayal is not just a headline, it is a warning. Unless governance is reformed, transparency enforced, and accountability demanded, the nation risks becoming a cautionary tale of squandered potential.

The people deserve better than secrecy and surrender. They deserve leadership that protects, not plunders.

Post Views: 107
Previous Post

Sierra Leone’s Silent Crisis: Cocaine Trafficking, State Complicity, and the Betrayal of a Nation

Next Post

Unidentified Man Found Dead at Joe Town in Bo

Next Post
Unidentified Man Found Dead at Joe Town in Bo

Unidentified Man Found Dead at Joe Town in Bo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forum News

FORUM NEWS, Sierra Leone in its push for independent journalism is in solidarity with the global campaigns in the fight against corruption, divisiveness....PEACE!

Follow Us

Browse by Category

  • ADVERTISE WITH US
  • AGRIBUSINESS
  • ALL NEWS
  • BO
  • BOMBALI
  • BONTHE
  • BOOK REVIEW
  • BUSINESS
  • CHINA – SIERRA LEONE
  • Condolence Message from the Dr. Ibrahim Bangura Movement
  • CRIME
  • CRIME & COURT
  • E-EDITIONS
  • EAST
  • ECONOMY
  • ELECTIONS-2023
  • ENTERTAINMENT
  • ENVIRONMENT
  • EYE ON THE WORLD
  • FALABA
  • FOOTBALL
  • FORUM MINDS
  • FORUM TV
  • FREETOWN
  • GHANA
  • HEALTH
  • INSIGHTFUL PEAK
  • INTERVIEW
  • KABALA
  • KAILAHUN
  • KAMBIA
  • KARENE
  • KENEMA
  • KOINADUGU
  • KONO
  • LATEST NEWS
  • LETTERS
  • LIBERIA
  • LUNSAR
  • MAGBURAKA
  • MAKENI
  • MEDIA WATCH
  • MOYAMBA
  • NIGRIA
  • NORTH
  • NORTH-EAST
  • NORTH-WEST
  • OBITUARY
  • POLITICS
  • PORT LOKO
  • PRESS RELEASE
  • PUJEHUN
  • SALONE DIASPORA
  • SOUTH
  • SPEECHES
  • SPORT
  • TALKING POINT
  • THE CONCH
  • THE SIERRA LEONE WE DESERVE
  • TONKOLILI
  • TONKOLILI
  • TRIBUTES
  • VIdeo Advertisements
  • WATERLOO
  • WESTERN AREA RURAL DISTRICT
  • WESTERN AREA URBAN

Recent News

Mpox: How Sierra Leone’s response became lesson for Africa

Mpox: How Sierra Leone’s response became lesson for Africa

14 December 2025

The Disappearance of a Poet

14 December 2025
   Across Borders. Within Seconds. QMoney Cross-Border Transfer Is Now Live.

  Across Borders. Within Seconds. QMoney Cross-Border Transfer Is Now Live.

14 December 2025
Africell Celebrates Homecoming of Sierra Leonean Creative Icon Omar Elkan

Africell Celebrates Homecoming of Sierra Leonean Creative Icon Omar Elkan

13 December 2025
  • Home
  • News
  • Entertainment
  • TV
  • TV
  • VIDEO-ADVERTISEMENTS
  • Archives
  • TV
  • Home
  • Home

© 2025 Forum News Sierra Leone Contact: 34 Goderich Street, Freetown, SL Email:forumnews.sl@gmail.com - Mobile+23278843716 /+23232843716

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Latest News
  • Talking Point
  • Business
  • Sports
  • Elections-2023
  • Contact

© 2025 Forum News Sierra Leone Contact: 34 Goderich Street, Freetown, SL Email:forumnews.sl@gmail.com - Mobile+23278843716 /+23232843716

×

Hello!

Click one of our contacts below to chat on WhatsApp

Forum News
Support Forum News

Forum News - Sierra Leone.

× How can I help you?