Author: Gerald C Koinyeneh

Monrovia – Three staff members of the Central Bank of Liberia (CBL) have been arrested and placed under police investigation for their alleged involvement in the illegal transfer of US$961,777.

Monrovia – The National Fisheries and Aquaculture Authority (NaFAA) spent over US$3.6 million beyond its approved budget for the “Sustainable Management of Fisheries Project,” according to a recent audit by the General Auditing Commission (GAC).

Monrovia – The Ministry of Commerce & Industry (MOCI) has observed an alarming increase in fraudulent social media posts, impersonation, and the creation of fake accounts disseminating false and misleading information that do not represent or come from the Ministry.

Monrovia – The Ministry of Finance and Development Planning (MFDP) made domestic debt payments totaling US$139,413,238.54 during the fiscal years 2017 to 2021 without the necessary supporting documentation, including payment vouchers and other relevant documents to authenticate the transactions, according to a report by the General Auditing Commission (GAC).

Capitol Hill, Monrovia – Lawmakers and staffers at the Liberian Legislature were met with an unexpected challenge on Tuesday when a heavy downpour caused unprecedented flooding at the Capitol Building, the seat of the Legislature.

Monrovia – The credibility of the Central Bank of Liberia (CBL) continues to face scrutiny following President Joseph Boakai’s appointment of James Wilfred as Acting Deputy Governor of the bank. Prior to his appointment, the General Auditing Commission (GAC) had identified Wilfred in its audit report as one of the current CBL staff members who defaulted on repaying a debt of US$90,933.24 as of December 31, 2023.

Monrovia – The long-held public suspicions about the first branch of government appears to have been confirmed by a damning audit report from the General Auditing Commission (GAC). The audit, conducted at the request of Senate President Pro Tempore Nyonblee Karnga-Lawrence, has revealed significant issues within the Liberian Senate’s financial management and governance systems.

Monrovia – House Speaker Fonati Koffa has announced plans to seek authority from the House of Representatives’ leadership to appoint a joint committee with the Senate to thoroughly investigate numerous allegations of budget alterations.

Monrovia – As Liberia’s debt continues to climb rapidly, there are growing calls for the government to revisit its borrowing policies to avert a potential debt crisis.

Monrovia – The coffers of two major commercial banks operating in Liberia, SIB Liberia Limited and International Bank Liberia Limited, are said to be drying out, prompting customers to seek withdrawals, FrontPage Africa has gathered.