20 September 2018

Liberia: Weah Invites FBI to Probe Missing Billion, Cash Inflows

Photo: Le Pays
President George Weah is reported to have asked the FBI in the U.S. to investigate claims of missing banknotes.

The Liberian government has requested the assistance of the United States Treasury Department, the Federal Bureau of Investigation and the International Monetary Fund to help probe the inflow of money into the country since 2016.

"The government notes that the investigation is for the purpose of adequately accounting for all flows of money printed and brought into the country between 2016 and 2018," Justice Minister Frank Musah Dean said.

"The findings of the investigation will be critical to the formulation and implementation of a credible and robust monetary and microeconomic policy in the years ahead."

Documents New Democrat has seen show the total of eight containers containing printed banknotes were shipped into the country via the Free Port of Monrovia between 2016 and 2018. The number could increase as investigators continue to review and analyze shipment records.

About five 20-foot containers containing printed banknotes were ordered and arrived in the country in the closing three months of the Ellen Johnson Sirleaf-led administration with more arriving towards March 2018, shipping records have revealed. An estimated US$100million or $16billion cannot be accounted for according to Liberian authorities.

More on This

Sirleaf Brands Weah 'Wicked, Impugnment'

Former President Ellen Johnson-Sirleaf has expressed strong dissatisfaction over what she says is the manner in which… Read more »

See What Everyone is Watching

Copyright © 2018 New Democrat. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.