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By Lincoln G. Peters
MONROVIA, July 3, 2026 — Sinoe County Senator Crayton Oldman Duncan has petitioned the Liberian Senate to seek clarification from the Government of Liberia on the ownership status, management, and revenue generated by the Pan African Plaza in Sinkor, Monrovia.
In a communication read before plenary on Thursday, Senator Duncan asked the Senate to mandate the government to provide full and transparent information on the building, which is occupied by the United Nations and was constructed with support from the Libyan Government.
Duncan said the Pan African Plaza remains one of Liberia’s most prominent public assets, but there is limited public information regarding its legal ownership, financial performance, and how revenue generated from the property is managed.
He requested that the government disclose the building’s ownership status, title, and custodial arrangements, including the terms under which it was constructed and transferred to the Government of Liberia by the Libyan Government.
The senator also called for details on the building’s financial performance, including annual revenue generated from leases, rentals, and other commercial activities over the past three fiscal years if the property is government-owned or managed.
In addition, Duncan wants the government to explain how revenue from the property is allocated, including whether it is deposited into the Consolidated Fund, retained by a government agency, or used for another designated purpose.
Last May, fresh questions were raised here over where millions of United Nations rent payments for the Pan African Plaza in central Monrovia are actually going.
Reports claim that more than US$50 million was paid over nearly two decades to a company whose legal status and ownership remain unclear.
The findings compiled by The Sentry, an organization that traces Libyan assets, placed the Pan African Plaza, an office building reportedly constructed in the 1980s with Libyan funding, at the center of the controversy.
In 2004, the United Nations Mission in Liberia negotiated a lease for the property at an annual rent of about US$2.8 million. By December 2023, total payments had reportedly exceeded US$50 million, but it has never been publicly established who ultimately benefited from the money.
Findings cited in the Sentry report indicate that the rent was paid to Pan African Real Estate Company, or PAREC, although the Libyan Liberian Holding Company, also known as LLHC, was said to be the apparent owner of the building.
The LLHC was dissolved by the Liberian Government in 2015, further deepening uncertainty over the legal chain of ownership and control.
Additional concerns arise from discrepancies in PAREC’s corporate records.
While the company’s business registration certificate was reportedly first issued in 1982, the LLHC had already been formed by decree four years earlier. At the same time, PAREC’s articles of incorporation were restated in 2000, raising further questions about how the company’s authority evolved over time.
The Sentry report also points to PAREC’s appearance on LAICO’s investment list until mid-February 2026, suggesting a continuing Libyan link.
