Author: Rodney Sieh

LONDON – Local investigators from the Financial Intelligence Unit (FIU) and the Liberia Anti-Corruption Commission comprising the investigative team set up to probe the fate of Liberia’s missing billions saga reportedly hit a wall in their quest to inspect the vault of the Central Bank of Liberia, before they were finally allowed access late Wednesday. Report by Rodney D. Sieh, [email protected] Multiple sources confirmed to FrontPageAfrica Wednesday that two attempts first on Monday – and then Tuesday – by local investigators were greeted with resistance as investigators were reportedly refused entry on orders of Deputy Governor Charles Sirleaf. FPA contacted…

LONDON – When Mr. Nathaniel Patray, the Governor of the Central Bank of Liberia addressed the press last Tuesday, he made it a point to clarify to Liberians and the country’s international partners that there was no L$16 Billion Liberian dollars missing as has been erroneously reported in the media. Report by Rodney D. Sieh, [email protected] Said Governor Patray: “The CBL has no record showing that monies printed under its authority have not yet been delivered into its reserve vaults. Records from Crane Currency of Sweden, which was contacted to print the money, show that Crane delivered L$15.5 billion through…

Monrovia – President George Manneh Weah broke ranks with his own party Monday, distancing himself from laying the blame of the current economic woes on the doorsteps of his predecessor, Ellen Johnson-Sirleaf, and her Unity Party government.

Monrovia – Very few have given Bernard Benson aka DJ Blue a shot at filling the void left by football legend-turned president George Manneh Weah.  While perceptions about his day job could be an issue for some, the popular Disc Jockey and head of Hot FM 107.9 is looking to surprise a lot of people when Senatorial by-elections are over later this year.

Monrovia – In the past few weeks a lot of murmurings have been floating in the air regarding the security sector in the George Weah-led government. Some officials of government and supporters of the President have been fliriting with the idea of an alleged assassination attempt on the President. Then came last week’s report that the Liberia National Police had foiled a purported terrorist attack on the US Embassy in Monrovia.

Monrovia – When Liberian President George Manneh Weah addresses the nation Monday, he will be looking to reassure a fickle nation still a bit jittery about the uncertainty surrounding the local economy amid rising inflation and an ever-rocketing exchange rate competing with the 171st Independence anniversary of Africa’s oldest Republic.

Monrovia – A controversial plan by the CDC-led government to hire a power barge that would sell electricity to the Liberia Electricity Corporation for distribution to the Liberian consumers is drawing angry response from key donors and stakeholders already funding the Mount Coffee Hydro operation and ongoing electricity projects in Liberia.

Monrovia – For the past seven years, Ung Jae Lee and Sung Ho Hong, two struggling Korean contractors with no office – or physical presence, under the guise of MAEIL Liberia Construction Co. Ltd., worked the grounds in Liberia in hopes of catching a break. After all, several others before them, most notable, the strap-dealer-turned millionaires, the Israeli firm Elenilto had used a similar model to catch a break off Liberia’s backs, taking advantage of a vulnerable system of governance to breach existing transparency and accountability structures in a bid to find their way.

Addis – When Liberian President George Manneh Weah put pen to paper on both the Eton Financial Private Limited and EBOMAF SA Loan Agreements last week, following ratification by the National Legislature for the construction and pavements of 830 kilometers road network, it paved the way for the next stage of the process, the fifty banking days within which both EBOMAF AND Eton are expected to come up with the money to facilitate the projects. Report by Rodney D. Sieh, [email protected] The EBOMAF SA Loan, according to the agreement, is expected to cover the pavement of 323.7 km roads including…

Monrovia –  The Executive Board of the International Monetary Fund (IMF) has emphasized that future Liberia debt obligations should be undertaken transparently, limiting new debt to concessional terms, with effective implementation of infrastructure projects.