Africa Biz Construction and Business News
Arrest Warrants Issued in Liberia to Find Missing $104M in Government Cash
October 1, 2018
A Liberian court has issued arrest warrants for an estimated $104 million worth of cash which went missing between November of 2017 and August 2018.
The bank notes, much of which was printed abroad in China and Sweden and shipped into Liberia as government funds, unfortunately illustrate the sad state of affairs of corruption in the country.
According to court documents which were made public on September 28, warrants have been issued against several former central bank officials from the country. Those include Charles Sirleaf, the son of former President Ellen Johnson Sirleaf.
The warrants ask that the persons listed “be brought before this Honourable Court to answer to criminal charges levied against them by the Republic of Liberia”. According to the court information, a number of those named in the warrant as well as some currently sought for questioning either have left the country or may be planning to do so soon.
Government officials have unfortunately not been able to account for where the cash may have gone. The cash had been stored in containers inside secure facilities at the port of Monrovia, the country’s capital.
The discovery will add to the strains facing the new President Weah, who took office in January 2018 to deal with corruption and help the country’s economy grow.
Other than the court documents release, there has been no other official announcement from the Liberian government on this matter.
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