Liberia indicts Central Bank governor over L$15.5bn corruption

APA-Monrovia (Liberia)

Liberian court has on Tuesday indicted the Central Bank Governor and dozens of top officials of the Bank over corruption involving L$15.5 billion.

Central Bank Governor Milton Weeks, Deputy Central Bank Governor for Operations Charles Sirleaf, Dorbor M. Hagba, Director, Finance Department, Richard H Walker, Director for Operations and Joseph Dennis, Deputy Director, Internal Audit, were among officials charged with economic sabotage, a felony of the first degree, for flagrant violation of the New Penal Law of Liberia.

According to court record, between April 2016 and up to and including August 2018, the inductees used their positions at the Central Bank to collude and conspire to defraud the Central Bank of Liberia and the Government of Liberia when, without the authority of the National Legislature, they printed excess Liberian dollar banknotes amounting to 2, 645, 000,000 to infuse in the Liberian market.

The court record further states that without authority they caused to be paid US$835,367.72 to Co-defendant Crane Currency for the printing of the L$15.5 billion of which LS5 billion was authorized by the National Legislature.

Charles Sirleaf, the son of former president Sirleaf, and Dorbor Hagba were arrested at the weekend, while Central Bank Governor Milton Weeks turned himself over to police early Monday morning.

The other two suspects Richerd Walker and Joseph Dennis were arrested late Monday as accomplices in the case.


React to this article