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Another finding said, “The money issued from the vault daily and disbursed to beneficiaries from the bank’s United States Dollars operational vault was not posted to the bank’s accounting system in real time. For example, money taken from the vault between the periods July 17 – 31, 2018 was not posted to the vault until August 1, 2018 in lump sum. The lump sum amounts posted were without supporting schedules…”

Liberia: $25 Mil Mop Up Exercise Audit Report “Indicts” Govt Officials

May 18, 2019 admin2 Liberia, Missing 25million

Auditor General Report on $25 Million Mop Up Exercise Monrovia, Liberia – May 16, 2019: The Liberian Auditor General Report of Factual Findings of the application of $25 million dollars to mop up excess Liberian dollars on the market has been released and “indicts” the Government officials who managed the exercise. African Star is reporting that based on factual findings of the Auditor, field visits were conducted to ascertain entities which participated in the Mop Up Exercise as listed by the Central Bank of Liberia in its…

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Liberia: Ruling Party Chairman Gives MTN Ultimatum

May 2, 2019 admin2 CDC, Liberia, Ruling Party

Liberia: Ruling Party Chairman Gives MTN Ultimatum to Break Partnership with Liberian Businessman Benoni Urey Monrovia – Mulbah Morlu, chairman of the ruling Coalition for Democratic Change (CDC), has given an ultimatum to Liberia’s longest existing cell phone company, Lonestar Cell MTN, to distance itself from Mr. Benoni Urey or risks a repercussion, which the CDC chairman termed “citizens’ withdrawal from the company services”. Morlu, at a news conference Wednesday, May 1, told journalists that Mr. Urey, along with his allies, is allegedly using the GSM service provider as a…

However, a somersaulting move, the Labor Congress on April 30, again wrote Atty. Woods: “We are constrained to inform you that the Liberia Labour Congress has decided to withdraw the invitation extended to you to serve as Keynote Speaker on the 2019 International Labour Day Program due to some circumstances.” The letter which was signed the Chairman of the Labour Congress, Hannah M. Karbo, did not give reasons for the reconsideration of their decision.

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George Weah-led Government Sanctioning Human Rights Lawyer?

May 2, 2019 admin2 Kofi Woods, Labor Congress, Liberia

MONROVIA – The Liberia Labour Congress was constrained to rescind its decision to make Atty. Samuel Kofi Woods keynote speaker of this year’s May Day (Labour Day) celebration after a confrontation from the Ministry of Labour, FrontPage Africa has gathered. Atty. Woods, a human rights lawyer and activist, is renowned for being vocal in speaking against ills in society and bad governance. On March 29, 2019, the Liberia Labour Congress extended an invitation to Atty. Woods requesting him to serve as keynote speaker of the May Day Celebration in…

The UN Envoy expressed commitment to working with the Liberian Government in achieving the Pro-poor Agenda for Prosperity and Development. However, he noted that UN adheres strictly to its fiduciary standards to safeguard UN funds against misuse and integrity risks.

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Liberia: United Nations Threatened To Withhold Funds

April 27, 2019 admin2 Liberia, United Nations

MONROVIA – The United Nations has warned the George Weah administration of financial malfeasance and mismanagement of UN funds, citing the failure on the part of the government to provide timely and accurate reports on UN-funded programs. The caveat was contained in a communication from the UN Resident Coordinator, Yacoub El Hillo to the Minister of State, Nathaniel McGill. The letter is dated April 25, 2019. According to the UN Envoy, over the last few months, “several [UN] agencies have experienced challenges in getting timely and accurate reports…

In the case of Singapore, it was their geostrategic positioning between a developed West and a developing East. By harnessing labour and later human capital development, they succeeded in positioning the country as a hub for shipping, and later finance and services, transforming Singapore from a fishing village to a global power-house. Today Singapore is ranked 4th on the Global Financial Centres Index which assesses five key areas of business environment, financial sector development, infrastructure factors, human capital and reputation.

Business News

How to make South Africa rich

April 26, 2019 admin2 Manufacturing, South Africa

EDINBURGH — When Nelson Mandela became president in 1994, South Africans were brimming with optimism about the future. The country has vast mineral and human resources. But, instead of post-apartheid leaders ensuring that South Africa would ratchet up the league table of countries with the best economic growth, as China managed to achieve when it shook off the legacy of Chairman Mao from the 1980s, South Africa’s political heavyweights focused on self-enrichment. Years of corruption and mismanagement have taken their toll, with economic growth in steady decline since 2000. Now that the…

Martin continued: “President Weah and Min. Nathaniel McGill hired and paid ex-Rebel Generals to forcibly arrest Hon. Kolubah. Who are they to give an elected official a 72-hour ultimatum to report himself or risk being dragged?”

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“Gone Are The Days Of Dictatorship”

April 22, 2019 admin2

Youth and Student leader activist, Martin K. N. Kollie has described recent actions by ex-rebel generals as embarrassing, and such actions by the ex-rebel generals shouldn’t be encouraged by Liberians. He said the ex-rebel general are hired and paid by the Weah-led administration to instigate havoc and lawlessness among peaceful citizens. Making the statement over the weekend in Monrovia, Martin said that the democratic gains of the country are fast diminishing under ex-Soccer Star President Weah and that it is time for patriots and nationalists to stand in…

Nearly 10 years later, Mr. Chie, now President Pro Temp of the Senate has reportedly been using his muscles and close ties to President George Manneh Weah to cement control of the ministry by inserting close friends, business associates and former colleagues at the ministry in strategic positions of power over Liberia’s mineral resources.

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Liberia Senate President Tangled In Corruption and Conflict of Interests

April 21, 2019 admin2 Albert Chie, corruption

Rodney Sieh/FPA Washington – In a stinging shake-up of the Ministry of Lands, Mines & Energy, former President Ellen Johnson-Sirleaf, back in February 2009, relieved Mr. Albert Chie, then Assistant Minister for Energy, along with the assistant minister for Mineral Exploration, Gesler Murray of their positions. Nearly 10 years later, Mr. Chie, now President Pro Temp of the Senate has reportedly been using his muscles and close ties to President George Manneh Weah to cement control of the ministry by inserting close friends, business associates and former colleagues at…

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Sudan: 130million In Cash found At Al-Bashir’s home

April 20, 2019April 20, 2019 admin2 Al Bashir, Sudan

BBC—A large hoard of cash has been found at the home of Sudan’s ousted president Omar al-Bashir and he is now being investigated for money laundering, prosecutors say. Security services found euros, dollars and Sudanese pounds totalling more than $130m (£100m). The ex-leader was placed under house arrest after months of protests led to his removal. Reports say Mr Bashir is now being held at the Kobar high-security prison. A source in Sudan’s judiciary told Reuters news agency that suitcases loaded with more than $351,000, €6m ($6.7m; £5.2m) and…

Said Pro Temp Chie: “We support the press but they should practice ethical journalism because we wouldn’t sit here and make you spoil someone reputation, though we passed the press freedom act there are other route we can used.”

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Pres. Weah Donates to Journalists Amidst Reports of Missing Billions

April 20, 2019April 20, 2019 admin2 Fejal, Liberia

Monrovia – On Saturday a fundraising program intended to begin the construction of the Female Journalists Association (FEJAL) headquarters turned to a dedication ceremony, when President George Weah unveiled an already built headquarters for the association. It was shocking to many female journalists and guests as the program begin with formal speeches and fundraising from government officials.President Weah presented One dollar as his donation and instructed FEJALs president Siatta Scott-Johnson and the head of the construction project Estelle Liberty Kemoh to opened several boxes. The boxes included 2.5 lot…

On January 13, 2018, Madam Sirleaf and three other party members that included Patrick T. Worzie, deputy secretary general; Commany B. Wesseh, Senator of River Gee County and his wife, Madam Medina Wesseh, former executive committee member, were expelled as a result of violation of the party’s constitution, and other acts inimical to the existence and reputation of the party, the party had earlier said.

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Pres. Sirleaf Remains Expelled from Unity Party

April 18, 2019 admin2 Ellen Johnson Sirleaf, Liberia

A legal battle sought by four executives of the former ruling Unity Party (UP), including former President and standard bearer, Ellen Johnson Sirleaf, who were expelled by the party during the 2017 elections period, suffered a major setback on Monday, April 15, 2019, when National Elections Commission (NEC) hearing officer, Cllr. Muana Ville, rejected a petition seeking the reinstatement of the expelled officials. Cllr. Ville spoke of the lack of evidence to support the petitioners (executives) arguments that they were not given due process of the law, as they…