Liberia: GAC Uncovers Governance Lapses At LEC – – No Board Meetings, No Strategic Plan for Years, Major Irregularities in Clsg, Jep, Libango & Libenergy Agreements

Monrovia — The General Auditing Commission (GAC) has uncovered serious governance and management lapses at the Liberia Electricity Corporation (LEC), raising questions about oversight, operational planning, and major agreements with key power projects.

The audits cover fiscal years ending June 30, 2018, 2019, 2020, 2021, the Special Budget Year (SBY) 2021, and fiscal years 2022 and 2023.

According to the GAC, the LEC Board of Directors failed to demonstrate effective oversight, contrary to…