The financial coffers of this country will continue to bleed if proper governance and prudent financial management schemes are not put into place.

A week ago, the National Oil Company of Liberia (NOCAL) paid a local vendor some money without going through any due diligence. This week, the dismissed Managing Director of the Liberia Airport Authority (LAA), Ellen Corkrum is alleged to have made several payments to her contractor and sub-contractors without any job done.

Corkrum has been tipped by President Ellen Johnson-Sirleaf to be the first female Chief of Staff of the Armed Forces of Liberia (AFL).

LAA officials say Madam Corkrum transferred more than US$500,000 to different accounts which they did not notice until lately.

According to the LAA, a review of the bank accounts revealed that she had moved funds from one account to advance different payment overseas. The account from which these funds were moved is said to be from accounts of LAA employees.

The LAA said it has no personal problem with Madam Corkrum, but that she made payments to a bogus group and also to a Senegalese contractor who did not do delivered as promised.

Board Chairman Musa Bility said he gave Madam Corkrum the fullest support and confidence to allow her work to bring the needed positive changes and success that would have taken the RIA to the next level.

He said Corkrum's credentials impressed them for which they allowed her to have the latitude to operate without interference. However, Bility believes she abused and misused it for personal gains.