Bea Mountain Wins Big: Court Orders $11.2M from Mutual Benefit Insurance

Monrovia, Liberia : The Commercial Court of Liberia has ordered the seizure and sale of properties belonging to Mutual Benefit Assurance Company (MBAC) to pay a debt of over US$11.2 million owed to Bea Mountain Mining Company (BMMC).

In a writ dated July 8, 2025, the court told Sheriff Emmanuel Morris to take and sell MBAC’s cars, office equipment, land, and buildings. If the company can’t show enough property to cover the full amount, the court says MBAC’s top bosses including the Managing Director and General Manager could be arrested and brought to court.

This case started when Bea Mountain, Liberia’s biggest gold mining company, took MBAC to court for not paying money promised under an insurance contract. After many failed talks, the court ruled in favor of Bea Mountain.

This is not the first time the court has tried to collect the money. In 2023, MBAC reportedly locked its office and blocked court officers from carrying out a similar order.

Now, the court is taking a stronger step. Officials say if MBAC doesn’t pay or agree to a plan soon, the seizure could begin within days.

The company is in serious financial trouble. A court has confirmed that MBAC owes over $11.2 million—a massive amount for any business. If they don’t pay or reach a settlement fast, they will lose valuable assets like cars, office equipment, land, and buildings.

If the court seizes enough of MBAC’s assets, it could disrupt or shut down their operations completely. They may no longer be able to serve customers, pay staff, or keep their business running.

If MBAC cannot show any assets to pay the debt, the top managers of the company including the Managing Director, General Manager, and others face possible arrest. This is rare in business disputes and shows the seriousness of the court’s decision.

This ruling hurts MBAC’s reputation in Liberia and abroad. Other businesses and investors may now see the company as untrustworthy or financially unstable. It will be harder for them to win new clients or renew contracts.

Clients who have insurance with MBAC may lose confidence and start pulling out or moving to other companies. Regulators could even step in if the situation worsens.

If MBAC doesn’t act quickly by paying the debt, negotiating with Bea Mountain, or appealing the ruling the company risks losing assets, having its leaders arrested, and possibly going out of business.