Money Exchangers Decry Margibi Leadership Alleged Failure To Settle US$10,000 Debt

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A local group under the banner “Harbel Super Market Money Exchangers” have decried the alleged failure of the Leadership of Margibi County to settle a US$10,000 debt it reportedly borrowed from them during the 2017/2018 National County Meet.

The Harbel Super Market Money Exchangers speaking to newsmen at the seat of the County Superintendent (Kakata Administrative building) where they have gone to seek redress said the Leadership of the County borrowed US$8,000 from them at the interest rate of 25% with the assurance of giving them US$10,000 but has refused to live up to the agreement.

“My brother I am very much frustrated with the kind of arrangement we had with our Lawmakers in Margibi County because today making our money spending 5 months with them the ” Marcus Gbee lamented.

Mr. Gbee indicated that during the 2017/2018 National County Meet, his group and Lawmakers of the County represented by Representative Clarence G. Gahr of electoral district #5 signed a ten thousand United States dollars deal on April 15, 2018 to be used on the Margibi County Team promising to repay the amount on May 15, 2018 but that is yet to be done.

According to him, the acting chairman of the Margibi Sports Association (MSA), Charles Dolley had earlier on called on the group to borrow the County some money to be able to pay the players in order for them to go to the knockoff stage of the County Meet after they have planned to boycott the camp.

Mr. Gbee narrated that when his group got to the acting MSA chairman, based on his position as acting chairman, they made him understand that the group could not transact with him unless they see the Representative of electoral district #2 Ivar K. Jones to serve as a guarantor.

He added that in their presence, Mr. Dolley called Hon. Jones who said he was at a program and could not disappoint the people recommending Hon. Gahr to sign for the amount as treasurer of the Margibi Legislative Caucus.

Gbee explained that Mr. Dolley then prepared and signed a promissory note which was also approved by Hon. Gahr with the amount (ten thousand United States dollars) written on the document.

He added that the May 15 deadline that was agreed upon by both parties has passed and his team made a follow-up on the status of their money but they are yet to get their money.

Gbee intoned that the delay in the payment of their money is serving as an embarrassment for them on grounds that their money exchanging business is on the verge of collapsing.

He said as schools are about to open, they are worried about how they can send their children to school.

When contacted, Representative Clarence G. Gahr admitted signing for L$1.2M and said it was the County Administration that needed the money in question but needed the Caucus intervention, adding that it was not the Caucus that mandated him to sign for the amount.

Meanwhile, Margibi County Superintendent Jerry Varnie has given the Money Exchangers one month grace period to be able to pay their money.

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