President George Weah has ordered the General Auditing Commission to conduct an investigative audit into how the US$25 million approved to be infused into the economy to mop excess Liberians dollars as a means to stabilize US-Liberian dollars exchange rate was expended.
The Central Bank of Liberia has reacted to the report submitted by the Presidential Investigation Team on the US$25 million mop-up exercise, which was carried out by the Technical Economic Management Team through the Central Bank.
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.
An official of the Ministry of Education says the size of the national budget envelope is responsible for the low allotment to education in the country.
Last year, Liberia scored a milestone achievement by adopting its first, ever Land Rights Act that recognizes community land ownership. At the time, international organizations and rights campaigners, including Welthungerhilfe, welcomed the country’s achievement, describing the law as one of the continent’s most progressive.