General News

Breaking News

US Gov. releases repot on alleged ‘Missing Billions’

Victor Kezelee /Maximilian Kasseh, Jr.
The United States Embassy near Monrovia
The United States Embassy near Monrovia

MONROVIA, LIBERIA-The United States Embassy in Liberia has released an independent review report on the alleged missing sixteen billion Liberian dollars.

The long-awaited report says no money is missing.

According to a US Embassy release issued Thursday, February 28, 2019, in Monrovia,   Kroll says documents provided by the Central Bank of Liberia (CBL), confirmed that new bank notes totaling over Fifteen-billion Liberian Dollars, were received into the CBL’s reserve vaults.

The release said Kroll found no information to support allegations that a container of bank notes went missing.

However, Kroll raised concern regarding the overall accuracy and completeness of the CBL’s internal records.

The report identifies systemic and procedural weaknesses at the CBL and identifies short-comings in Liberia’s Fiscal and Monetary Management Processes.

The United States, in the release, says it remains committed to Liberia’s development and democracy and trusts that the independent review will support improved governance principles, fiscal reforms and monetary system practices in Liberia.


Copyright 2012 All Rights Reserved.