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Central Bank of Liberia: the governor suspended following an audit

31/07/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The information minister and a central bank spokesperson said that Liberia suspended the governor of its central bank on Tuesday after an audit revealed irregular government lending and unauthorized spending.

After taking office in January, the President of Liberia, Joseph Boakai, commissioned an audit of three key government institutions, including the central bank. Indeed, Jolue Aloysius Tarleu will be suspended for an indefinite period following the publication, last week, of the report of the General Audit Committee, which covered the period from 2018 to 2023. According to the report, irregularities have been revealed in central bank loans to the government, including more than $80 million in apparently unauthorized financing for salary payments.

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