Transparency International’s local affiliate, the Center for Transparency and Accountability in Liberia, has termed the recent report released by the General Audit Commission into the US$25 million mop-up of excess Liberian dollars from the market as a “waste of the Liberian people’s precious time and money.”
The 67-page Kroll report reveals a series of significant missteps at just about every point in the process, raises serious concerns about the Central Bank of Liberia’s internal record-keeping. So, let’s take a look at some of Kroll’s findings.
The technical committee of the President Investigation Team tasked with investigating the circumstances around the allegedly missing billions in new banknotes has released its report to the public, recommending that all current Liberian dollar banknotes (new and old) be removed from the market and replaced.
The Liberia National Police has forwarded to court the former executive governor of the Central Bank of Liberia, Milton Weeks, along with Charles Sirleaf and Dorbor Hagba, the current deputy governor for operations and the director of banking respectively.
The Liberia National Police has confirmed the arrest of the former executive governor of the Central Bank of Liberia, Milton Weeks, along with Deputy Governor Charles Sirleaf, and the director for banking at the Central Bank, Dorbor Hagba.
The much-anticipated report of an independent investigation into the alleged disappearance of new Liberian banknotes has been released to the public.