By Saidu Jalloh, Reporter D.S
Sierra Mining Company Limited is under increasing scrutiny from the Public Accounts Committee (PAC) of Parliament regarding unpaid license fees amounting to $500,000.
The inquiry, led by Hon. Ibrahim Tawa Conteh, was part of an oversight session focused on addressing outstanding financial obligations in accordance with Section 8 of the Finance Acts of 2000 and 2022. Official data indicates that the company has remitted only $50,000 as of March 14, leaving an outstanding balance of $450,000.
Hon. Conteh emphasized the urgency of timely payments, stating that these revenues are crucial for national income and the effective delivery of public services. He warned that continued noncompliance could lead to severe repercussions, including the suspension of business activities and legal actions such as liens on the company’s bank accounts.
“We’re not here to threaten anyone,” Hon. Conteh remarked. “This is about meaningful dialogue. However, it is imperative for companies to understand that unpaid funds due to the National Revenue Authority (NRA) directly impact the state, and we are obligated to pursue recovery.”
In response, Sierra Mining’s new leadership, headed by Managing Director Mr. James John, acknowledged the debt and committed to settling the remaining $450,000 by May 31. Hon. Conteh accepted this proposed timeline but made it clear that it would be considered final. “We understand the company is undergoing internal restructuring,” he noted. “However, failure to meet this deadline will compel us to recommend the suspension of operations and explore legal avenues.”
The Committee underscored its commitment to transparency, affirming that companies meeting their fiscal responsibilities would be publicly recognized. This initiative aims to foster an equitable narrative, particularly for firms listed on stock markets.
PAC has vowed to ensure strict compliance with financial obligations, warning that any further delays or noncompliance will result in firm parliamentary intervention.
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