MONROVIA – ELTEL Network, a Swedish company that has been providing Low Voltage electrical materials to the Liberia Electricity Corporation (LEC) since September 27, 2019, is now threatening legal action if the outstanding debt of US$434,452 is not paid within 14 days.
Despite numerous emails and official letters written to the Chief Executive Officer (CEO) of LEC. Monie Captan, he has refused to settle the debt, claims ELTEL Network’s Chief Executive Officer.
The money in question resulted from a 2016 agreement between ELTEL Network and LEC for the Swedish Company to supply the electricity company with Low Voltage (LV) materials, which they did.
LV applications are diverse and include control rooms, distribution systems, lighting, communication systems, and security systems. LV wiring is often used in these applications, as it is designed for smaller currents and offers increased safety compared to regular wiring.
The company’s Chief Executive Officer, Gunner Edholm, in a statement released from Sweden on March 9, 2024, said they are issuing a 14-day ultimatum to LEC for full settlement of the money, or else they will resort to legal action.
Edholm said that since 2019-2020, the management of LEC has deliberately refused to settle the outstanding balance of US$434,452 despite several emails and official letters written to them.
Furthermore, Edholm said that on January 1, 2024, he wrote to the LEC Chief Executive Officer, Monie Captan, reminding him of the promises he made to settle the outstanding balance. Unfortunately, Captan has refused and failed to respond to the letter, leaving them with no option but to seek legal redress within the 14-day period, which expires by March 23.
The statement further said, “it is with deep regret that they have addressed the public regarding the ongoing issue of unpaid debt for the essential services they provided to the LEC from 2019-2020.”
Despite numerous emails and official letters written to the Chief Executive Officer (CEO) of LEC, Monie Captan, he has refused to settle the debt, claims ELTEL Network’s Chief Executive Officer.
They claim that between 2019-2020, they offered to the LEC management a settlement agreement based on a direct payment of US$360,000, meaning if they were to accept the offer, ELTEL Network was going to waive US$74,452, which LEC failed to honor.
