Gambia gets $6.9M out of court settlement with unknown investment company

EYEAFRICA TV: Banjul, THE GAMBIA:- The Gambia government has received a staggering sum of $6.9M from an out-of-court settlement against an investment company, the country’s justice minister revealed.

“Recently, The Gambia benefitted from out of court settlement resulting in payment of $6.9M to the government to form part of the legal costly reimbursement and signature bonuses as well as dropping all claims against the government,” the minister who is also the attorney general said.

Speaking at the official opening of 2021 legal year held on Sunday, minister Dawda Jallow said The Gambia continues to defend its natural resources to ensure sustainable development in the country.

“As a sovereign country, The Gambia continues to defend its natural resources to ensure our sustainable development not only before domestic courts but also at international tribunals such International Center for settlement of investment disputes and the international commercial court.”

This, he continued, could not have been accomplished without the diligent work of the staff of the ministry of justice and the ministry of petroleum.

Eye Africa TV cannot at this moment ascertain as to which company was involved in this settlement.

In 2017, a Chinese owned fishmeal factory, Golden lead settled out of court in a case where it was facing charges of discharging wastewater into the sea in Gambia.

Golden Lead had to pay a bond of $25,000, take immediate measures to treat its wastewater and pay for testing of already contaminated water.

The company was equally accused of withholding information about their waste management and not keeping track of its activities along Gambia’s coast.

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