Two Companies Shortlisted to Manage Liberia National Lotteries

Saturday, 28th February 2009

Monrovia, Liberia--The National Investment Commission (NIC), in collaboration with the management of the Liberia National Lotteries, has shortlisted the Mercury International and Talia Games to manage the National Lotteries which has been in the doldrums since the war.

The companies were shortlisted from among five which had earlier expressed interest in managing the lotteries. The other three companies in the running were Pan African, Megazone and Mina Corporation.

The National Lotteries owes creditors, including banks, winners and property owners, an estimated USD$500,000.

NIC Chairman Richard Tolbert and the acting Managing Director of the National Lotteries, Mr. Michael Wiles, accompanied by two other members of the committee recently constituted to review expressions of interest to manage the Lotteries, pesented on February 27 the result of the bid to Vice President Joseph N.Boakai at his Capitol Building office.

Briefing the Vice President, NIC Chairman Tolbert said seven criteria were used to guide the committee in its decision making duing the bidding process. He named the criteria as financial capability, investment size, technical expertise, managerial expertise, employment, revenue split and social contribution.

The Liberian Vice President, who has oversight responsibility over the National Lotteries, is tasked with selecting one of the two shortlisted companies to manage the entity. He said he would prefer the company to be selected to begin operations immediately.

"The National Lotteries owes a lot of money out there, and we are are looking for a company that has the capability to pay the loans the company owes and begin operations as soon as posible, so that we can put the past behind us and move forward," Vice Pesident Boakai emphasized.

He added that he is eager to see the National Lotteries viable enough to resume its role of contributing to the welfare of the disabled in our society.