ACACIA fraud to be recognized in the investigation. - Mase Kaleby

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Monday, 12 June 2017

ACACIA fraud to be recognized in the investigation.


The second statement of economists and lawyers that made the investigation of minerals contained in containers with sand mining created by President Joseph Magufuli, has revealed that the company ACACIA Mining Plc does not warrant and working illegally.

Prof. Osoro said that his committee found that Acacia is not justified to make its operations in the country and has done wrong, including acquiring property by deception, economic sabotage, criminal and dip national loss.
Furthermore Committee Prof. Osoro Makinikia revealed that exports of the country were not makinikia exactly, but it was different minerals while adding that in contracts of sale of such makinikia, the government was not part of the agreements.
Prof. Osoro added that the total revenue that the government has lost is Tsh. 68.6 trilion budget equivalent to two years of income tax that the country has lost nation is Tsh. TRIL 55.07, royalty TRIL 11 TRIL 1.6 port. and that the total value of all minerals on 44,277 containers since 1998 is Tsh. TRIL 132.56.
Prof Osoro
Chairman of the Committee of Economists and Lawyers, Pro. Nehemiah Osoro.
With it noted that Accession that the former Minister of Energy and Minerals William Ngeleja and Sospeter Muhongo is involved and the intensification of time on mining.
The committee has issued various recommendations and take the law on company ACACIA stationed in the country illegally through the registrar of companies including the Ministers who participated in one way or another on the deals mining while requesting the Government it conducts inspections regularly on mining companies.

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