Liberia: Audit Reveals Unapproved Disbursements By Central Bank of Liberia for 2019 Independence Day Celebrations

Monrovia — In 2019, around the July 26 Independence Celebration, the Central Bank of Liberia made several disbursements totaling US$730,000 to the Liberia National Police, the National Security Agency, and the Ministry of State for Presidential Affairs without any approved policy.

An audit by the General Auditing Commission (GAC), the nation’s supreme audit body, discovered that on July 24, 2019, US$200,000 was disbursed to the Liberia National Police as the Bank’s contribution for the July 26…