Bong county Senator, Henry Yallah is said to be on the run for failing to settle an amount of US$14,000(fourteen thousand United States dollars) owed ECOBANK Liberia.
As a result of his failure to settle the amount, the bank has issued legal action against him.
The senator took a loan of US$50,000(Fifty thousand United States dollars) in 2012 with an understanding that he would do settlement within for years.
“But since he credited the amount, he has refused to settle his obligation to the bank. He has been called several times to effect settlement, but failed to oblige,” an insider close to the bank said.
As a result of his failure to do settlement, he has refused to meet the bank officials and refused to answer calls from any bank official for sometime now.
So, the bank took legal action against him at the Monrovia debt court. “He has been running away to accept the writ from the court. Whenever they go to his office, he tells his office officials that he is not in office,” another person said.
When this paper contacted Senator Yallah over his indebtedness to the bank, he admitted.
“Yes it is true that I owe ECOBANK. But this is what happened. When I took the loan, I asked Afriland bank to buy the loan(pay) which they did,” he said.
But he added: “Afriland bank paid off the loan. After that, I told the ECOBANK people to close my account. ECOBANK refused to close my account. Due to that, the interest accumulated now to US$14,000(fourteen thousand United States dollars).”
Asked if he informed the bank through official communication, he answered: “No. That is the mistake I made. I did not write them. But I will try to reach the bank so we can talk and see how payment plan can be made for me to pay.”
But he added, he was not on the run. “ I am here. It is just unfortunate that we are unable to settle this debt. I will try to see how we can sit for me to be making a monthly payment to them. That will be good for me. But to say I will pay upfront, it will be hard at this time. I am not refusing to do payment, but we need to sit and talk.”
When the bank was contacted if the senator has held discussion, an official of the bank said, “no. he has not reached us for any discussions. We are prepared to sit with him to talk as an honorable man, but it appears he is not cooperating. When we call him, he does not answer us at all. This is not good for such an honorable of his status to act like that.”