General News

Breaking News

Time extended for GAC to audit US$25Million

Jarp Davis/ Joseph Koon
Yusador Saadatu Gaye, Auditor General, General Auditing Commission – Liberia
Yusador Saadatu Gaye, Auditor General, General Auditing Commission – Liberia

MONROVIA, LIBERIA - The General Auditing Commission (GAC) is expected to begin auditing the utilization of the US$25Million shortly.

The decision of the GAC followed the extension of the previous two weeks by the Government of Liberia.

The decision of the Government is in response to the GAC’s request for a six-week extension to conduct an audit into the mopping exercise of the US$25Million in question.

According to the Liberia News Agency (LINA), the decision of the government was announced by the Ministry of Justice, while GAC request was being granted.

Recently, President Weah instructed the GCA to conduct an audit into the US$25Million intended to be used to mop the economy and report within two weeks, but the integrity institution applied for six weeks instead, to enable it do a thorough probe.

Meanwhile, Justice Minister, Musa Dean, said: “The GAC has been given its Terms of Reference, letter of engagement, and the necessary support for the successful conduct of the investigation.

 


Copyright 2012 Mylbsonline.com All Rights Reserved.