Liberia: GOL Final Report On Importation of 16 Billion LD By CBL

Monrovia, Liberia – March 1, 2019: West African Journal Magazine is in possession of the Government of Liberia Final Investigative Report Into The Alleged Printing of Sixteen Billion Dollars Banknotes By Authorities of the Country’s Central Bank.

The 57 page Report is included in its entirety for the convenience and information of our readers.

GOL PIT Final Report

 

Editor

West African Journal Magazine

Nigeria: Buhari Re-elected To 2nd Term

Abuja, Nigeria – February 26, 2019: Nigeria’s incumbent President Muhammadu Buhari of the All Progressives Congress (APC) party has been declared the winner of the February 23  Presidential election.

Map of Nigeria
Map of Nigeria

The country’s Independent National Electoral Commission  announced the final results on Tuesday, February 26, 2019.

The main opposition People’s Democratic Party (PDP) of Presidential candidate Atiku Abubakar, is already rejecting the officials results and is calling the vote count to be stopped following unconfirmed allegations of electoral irregularities across Nigeria during polling over the weekend.

The vote margin was a little under four million with Buhari’s All Progressives Congress taking 19 of 36 States. The BBC reports that turn out was the lowest in 20 years with only a 35% turnout of registered voters.

West African Journal Magazine

Liberia Blacklisted As An “Offshore Tax Haven”

Monrovia, Liberia – February 19, 2019: The West African nation of Liberia has been named as one of thirty countries worldwide on the European Commission (EU) Offshore Blacklist.

Political Map of Liberia
Political Map of Liberia

West African Journal Magazine can report that according to the Crystal Worldwide Group, the list created by the EU Commission and recently released is composed of countries that have refused to cooperate with tax matters.

“…To be registered on the list, a country must had been reported by at least ten EU member countries….” Crystal Worldwide said.

The only other African country blacklisted in the report is the Indian Island Ocean country of Mauritius. It has been disclosed that Liberia is among other countries that have asked to be removed from the list.

Crystal Worldwide Group says it is an international business consulting firm which specializes in tax planning and asset protection for its clients.

Liberia has long been named for inclusion on the EU list of countries whose weak laws allow for the setting up of secret offshore companies. The small West African country  appeared in the “Panama Papers” a few years ago when it was revealed that a secret Liberian company connected to the family of former Pakistan Prime Minister Nawaz Sharif was used to move funds. The Africa Report published by Jeune Afrique reported in 2016 that in the particular case, “… there was no evidence of any wrongdoing on the part of Sharif’s family.”

Offshore-Bank-Account
Offshore-Bank-Account

The “Panama Papers” is a report by global investigative reporters on the offshore links of some of the world’s most prominent figures which include leaders and celebrities and their “wealth” which are stashed away in secret tax havens abroad to avoid legal taxation and law enforcement scrutiny.

The African Report publication wrote in 2016 that, “ For a few hundred dollars, and in a matter of hours online, anyone in the world can set up a tax free Liberian company that offers total anonymity to its owner. Such anonymity allows individuals to hide their assets from tax and law enforcement agencies…”

A former Liberian Maritime head Mr. Binyah Kesselly, in February, 2013 said he expected Liberia to be removed from such black lists of international “tax havens” because of active measures the Government was taking.

The measures included passage of Amendments in the national Legislature to provide transparency in the ownership information and full compliance with peer review recommendations for accounting records of offshore companies which use Liberian laws to skirt international oversight.

It is unknown if Liberia is now in compliance since the latest EU Commission Report lists the country as one of many countries which can be used to set up secret offshore companies.

A Global Witness campaigner Jonathan Gant notes that “Secret companies have been used to hide ill-gotten money from drugs, corruption, and terrorism.”

By Our Economic Staff Editor

West African News Journal

 

 

 

 

 

 

Government of Liberia Failing To Support Fight Against Corruption, LACC Says

Monrovia, Liberia – February 18, 2019: The fight against public corruption in the West African country of Liberia appears to be a losing exercise in addition to lackluster support from the George M. Weah Administration. 

Liberian President George M. Weah – File Photo
Since it’s inauguration over a year ago,  no public official has been prosecuted nor convicted of graft by the Administration.  The Liberian Government’s pronouncement of fighting corruption in public service has not been matched with concrete support and funding. 
Embarrassing National financial scandals including the alleged “missing 16 billion dollars” from the Central  Bank of Liberia (CBL) and the bribery and extortion saga at the National Housing Authority (NHA) involving the former head take top manifestations of pervasive graft which are yet to be checkmated by government. 
Transparency International (TI) defines corruption as, “…the abuse of entrusted power for private gain. It can be classified as grand, petty and political, depending on the amounts of money lost and the sector where it occurs.”
In spite of his call to his own underlings to comply with law and declare their personal assets, President Weah has yet to hold his officials accountable for their failure to do so.  Citizens of the poor West African country are yet to receive confirmation of public officials complying with the law.

LACC James Verdier

According to the country’s Anti Corruption Agency (LACC), “The government of Liberia printed into handbill on June 20, 2014, “An Act of Legislature Prescribing a National Code of Conduct for All Public Officials and Employees of the Government of The Republic of Liberia” in line with the 1986 constitutional requirement to curb certain vices which are inimical to the economic and social wellbeing of our common patrimony. Specifically, Article 90 a) & b) of the Constitution highlight those vices while article 90 c) quoted below echoes the antidote to eradicating them: Article 90 c) “The Legislature shall, in pursuance of the above provision, prescribe a Code of Conduct for all public officials and employees, stipulating the acts which constitutes conflict of interest or are against public policy, and the penalties for violation thereof.”  The legislation of a national code of conduct after twenty-eight years, since the coming into force of the Liberian constitution, finally created a legal framework through which the conducts of public officials could be monitored, examined and punished in relation to the use and management of public resources. In Part 10, of the Code of Conduct, it is required that every Public Official and Employee of government involved in making decisions affecting contracting, tendering or procurement, and issuance of licenses of various types sign performance or financial bonds and in addition declare his or her income, assets and liabilities prior to taking office and thereafter:

  1. At the end of every three years;
  2. On promotion or progression from one level to another;
  3. Upon transfer to another public office; and
  4. Upon retirement resignation.”
President Weah’s own asset declaration was held behind closed doors and sealed after; a clear failure to be a transparent example. Public officials have openly ignored the asset declaration law and the President. 
“Corruption corrodes the fabric of society. It undermines people’s trust in political and economic systems, institutions and leaders. It can cost people their freedom, health, money – and sometimes their lives,” TI says of the cost of corruption. 
The LACC’s Investigations of alleged acts of corruption  by public officials or recommendations to the Justice Ministry are oftentimes never started, aborted and abandoned; and where cases are prosecuted, lost in court. 
Recently, the head of Liberia’s anti graft agency James Verdier, in an interview with a Radio France International, and in a rather bold move, accused the Weah Administration of “undermining ” the fight against corruption. 
“ The experience we’ve had in the first half is a bit terrible because we’ve not had funding. We have actually struggled to actually have this Administration put its stamp behind the stamp of corruption and make some bold statements regarding transparency, accountability and ensuring that we can fight corruption.”
In less than a year and while there has been no public disclosure of his assets, President Weah is facing scrutiny and questions over his massive construction of houses in a poor country. 
The country which emerged in 2005 from back-to-back wars in the 1990s is struggling to attract and retain critically needed foreign investors and resources to jumpstart the flailing economy. 
 In 1980, a violent coup d’etat carried out by non-commissioned soldiers was sold as a radical solution to address “rampant” corruption. The civilian President William R. Tolbert was murdered by soldiers led by former junta head and former President Samuel K. Doe.
Flag of Liberia
Nine years later, another charge of runaway “corruption” was laid as the basis for a rebel insurgency against the Doe Government. The war which quickly devolved into an ethnic conflagration was prosecuted by former rebel turned former a President Charles G. Taylor who was eventually forced out of power by rebels opposed to his government and pressure from the international community. 
Taylor is a convicted war criminal serving out his fifty year sentence in prison in the UK.  
An estimated 250,000 people lost their lives and nearly 1 million others were displaced internally and externally. 
The NHA extortion scandal is still pending prosecution after the accused posted bond and were released. Unconfirmed reports, however, say the suspects have jumped bail and have either fled the country or cannot be found. 
During his State of the Nation Address to lawmakers and citizens on January 28, 2019, President Weah disclosed that the Investigation Report on the “missing billions” will be released by USAID by the end of February, 2019.
 “If it is established that there has been any willful act of criminality, negligence, or malfeasance by anyone implicated in the reports, the full weight of the law will be brought to bear”, President Weah warned.  
Transparency International
Just prior to the inauguration of the Weah Administration in January, 2018 Transparency International (TI), the global organization leading the fight against corruption, advanced several recommendations to the Congress For Democratic Change (CDC) led government to tackle endemic corruption and included the following:
1. Ensure the independence of the Liberia Anti-Corruption Commission (LACC) and give it direct prosecutorial power to quickly investigate and prosecute corruption cases.
2. Establish specialised anti-corruption courts for prosecuting corruption without delays.
3. Enact a Corrupt Offences Act to clearly define and provide sanctions for various forms of corruption.
4. Enact a Whistleblower Protection Law to encourage more Liberians to freely report acts of corruption and other integrity-related issues.
5. Require all public officials, including the president, to declare their assets, irrespective of their positions or connections to superiors in government. The government must independently verify and publish these declarations of assets.
5. Review and impartially implement reports and recommendations by integrity institutions in a timely manner, and establish dedicated committees and bodies for investigating fraud and other forms of corruption.
6. Audit the legislature just like any other branch of government or institution that receives public funds. The 52nd and 53rd legislatures in particular should be audited and any recommendations from the audit report fully implemented and
7. Increase financial support to integrity institutions and enable them to properly function.
A year later, the Weah Administration is still delinquent in the adoption and implementation of TI’s recommendations. 
IJG Principal Deputy Executive Director Luigi Spera
Last September, the International Justice Group (IJG) announced that it was putting in place a mechanism to ensure that all those in Liberia accused of war and economic crimes, money laundering etc. will be exposed to the international justice system for tough punitive actions, including asset tracking and confiscation, international arrests, trial, and imprisonment if prosecuted and found guilty.
By Our Economic Editor With Contribution From Our Justice Correspondent In Monrovia
West African Journal Magazine

Liberian President & Legislature Violating Constitution; 2018 Expenditure Reports Missing

Capitol Hill, Monrovia Liberia – February 12, 2019: An investigation conducted by the West African Journal Magazine reveals that, in violation of the Liberian Constitution, the Executive branch of the Liberian Government has failed to provide expenditure reports to the National Legislature since the inauguration a year ago of the George M. Weah Administration.

Members of the Legislature
Members of the Legislature

The specific Constitutional provision Article 34 states that “…(ii) no monies shall be drawn from the treasure except in consequence of appropriations made by legislative enactment and upon warrant of the President; and no coin shall be minted or national currency issued except by the expressed authority of the Legislature. An annual statement and account of the expenditure of all public monies shall be submitted by the office of the President to the Legislature and published once a year…”

Members of Liberia’s Legislature are failing in their Constitutional duty and oversight to hold the President accountable for provision of the reports which are due quarterly. Four expenditure Reports are now delinquent.

Earlier this month and in open protest, a lawmaker from the southeast administrative district of River Gee County Francis Dopoh II, staged, a “walk out” of legislative plenary session at the Capitol. He later fired off a letter to the House Speaker in which he charged that “…the importance of these financial reports are intended to give this Honorable House an understanding of the performances of various budget lines and to help us guide the direction of the government’s fiscal stance…”

2018 CBL Revenue Sources Report.jpgExcerpt of CBL 2018 Revenue Publication

The Liberian Ministry of Finance and Development Planning oversees the budget preparation, execution and reporting processes, in close collaboration with the National Legislature; but has failed along with other government agencies to report to the President and National Legislature for over a year.

Meantime, an inside source at the Liberia Revenue Authority (LRA), has disclosed that revenue collected over the final quarter of 2018 is still unaccounted for on the books of the country’s central bank.

Last August, the LRA announced that it actually collected USD $41.48 million, well above the USD $33.7 million which it says it targeted for collection. All revenue collected were within Liberia.

LRA Commissioner General Thomas Doe Nah
LRA Commissioner General Thomas Doe Nah

The source who is intimately knowledgeable about the non-reporting of millions of USD revenue still do not show as “inflow” or “deposit” from the LRA and no credible system exist at the Central Bank of Liberia (CBL) to transparently account for monies received. The Liberian Financial Statistics bulletin published by the CBL for Sept-October, 2018 reveals Revenue and Non-Tax Revenue sources for the Government for the period between July – October showed a total of an estimated USD $24.4 million.

Bank Governor Nathaniel R. Patray
Central Bank Governor Nathaniel R. Patray

There is no reporting for the period between October – December, 2018 nor any record of the $$41.48 million reported as revenue collected by the LRA.

The LRA says its mission is to “ professionally, fairly, transparently and effectively collect lawful revenues; facilitate legitimate trade and social protection for the people of Liberia.

Certified Public Accountant Aaron WlehCPA Aaron Wleh

A Liberian Certified Public Accountant (CPA) Mr. Aaron Wleh, based in Massachusetts the U.S., when contacted, questioned the accounting and bookkeeping regime of Liberia’s Central Bank. “This is not an accounting error. The monies are either at the bank or missing and squandered and must be accounted for And I don’t see where the Bank believes it has an obligation to accurately report on its books,” Mr. Wleh noted.

Dr. A. Joel King
Dr. A. Joel King

A Liberian Management scientist Dr. A.   Joel King based in New Jersey, U.S. recommended that the CBL initiate a system to report monthly on its revenue sources, balance sheet and statement of cash. “An accurate system of reporting that meets international best practices is needed at the CBL,’ Dr. King said.

Liberia’s economy is under serious stress and the Government has come under heavy criticisms by citizens and international partners for lack of transparency in the management of resources and pervasive graft.

Most major financial defenses are lacking due to lack of technical capacity and infrastructure which are hampering Government’s ability to improve its financial governance system.

By Our Economic Reporter

West African Journal Magazine

IJG Says Dispatching Investigators To Liberia To Monitor & Collect Data On Threats To Activists

Washington DC, USA and Monrovia, Liberia- February 11, 2019: The International Justice Group (IJG) says it has dispatched a team of Investigators to Liberia as a result of increased security threats to several civic and human rights organizations and activists.

International Justice Group (IJG)

According to a representative of the IJG, it says it has received credible information through its contacts in the West African country and social media monitor. and is concerned that senior operatives of the ruling party and auxiliaries, some of whom are disguised, are intimidating, issuing threats of death and bodily harm to others who freely express critical views of the Government.

Liberia’s Finance and Planning Minister Samuel Tweah last year lashed out at the media over its reportage against the Government and openly threatened to “weaponize” supporters against the media.

Ruling CDC Party Mulbah Morlu

Two weeks ago, the Chairman of the ruling Congress for Democratic Change (CDC) Mulbah Morlu, at a hastily arranged partisans meeting at his party’s headquarters in Monrovia, accused the opposition bloc and supporters of supporting the assassination of President George M. Weah.

“There are a few supporters of the three political parties, that we’ve documented, that post on social media calling in people to take up arms against the President. And one of them came out to say that the President should be assassinated…” Morlu quoting social media charged.

He, however, presented no evidence to substantiate his accusation that the posters were opposition supporters.

Dolakeh Jonathan Saye Taryor

A member of the opposition Alternative National Congress (ANC) Dolakeh Jonathan Saye Taryor, in a strong reaction to Morlu’s accusations, called them “reckless and irresponsible” and an attempt to instill fear among citizens.

He told the West African Journal Magazine, in a telephone interview on Sunday night, that the ANC and coalition of opposition political parties are committed to maintaining the peace in Liberia.

Mr. Taryor scoffed at Morlu’s “assassination” accusation, adding that, “…the assassination of President Weah, will not, in anyway, install the opposition in power..”, and called Morlu’s Statement simply false.

Coalition of Opposition Political Parties – Liberia

The opposition member challenged the credibility of the current CDC Chairman Morlu and his “ridiculous” claim a couple of years ago that, he, Morlu, met former US President Barack Obama at a summit in Ghana where he claimed, they both held “high level talks”.

There is no proof of this Obama meeting that Morlu claimed.

Taryor said the CDC Chairman was attempting to deflect from the prevailing issues of the missing “16 billion” Liberian dollars scandal, proof of the provision of 78,000 chairs to schools, as claimed by President Weah in his State of The Union Address on January 28, 2019, the deteriorating economy under the CDC-led government and other missteps.

The opposition member called for a state investigation of the CDC Chairman over the “incendiary” accusations, which, he said, have the potential to cause chaos and endanger the lives of opposition leaders and supporters.

“IJG is saying its Investigators will be fully stationed in Liberia indefinitely to monitor Human Rights Violations and has recommended several Liberians to the US and European governments for travel restrictions.”

The global research and rights organization says the IJG is currently lobbying in Washington DC, the United States Senate for full Congressional passage of House of Representatives Resolution (H.Res) 1055 which calls for the full implementation of the Final Report of Liberia’s Truth and Reconciliation Commission (TRC) and the establishment of a Special tribunal for Liberia.

Seal of the US House of Representatives

The Resolution which was introduced September, 2018, and agreed to by the House of Representatives last November, “…Supports efforts by the Department of State and the U.S. Agency for International Development to advance Liberian national reconciliation…”

Map of Liberia

According to the group, it says it is collecting data on alleged crimes being committed under the current Liberian Administration and will advocate for accountability for all economic and rights abuses.

By Our Justice Reporter In Washington DC, USA and National Politics Correspondent In Monrovia

West African Journal Magazine