Liberia: Central Bank Clarifies Deputy Governor Nyemadi Pearson Was Not Officer-in-Charge in 2019, Admits Questionable Disbursements Were Part of Broader Challenges

Monrovia — When then-President George Weah announced in May 2019 that Nathaniel Patray, the tough-talking Executive Governor of the Central Bank, was stepping down due to age-related issues, it sent shockwaves through the public and the banking sector. Little did the public know that under Governor Patray’s watch, the Central Bank of Liberia disbursed US$730,000 to major government institutions between August 2019.

A recent audit by the General Auditing Commission (GAC) uncovered that the…