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Day: August 1, 2024

Liberia: Pres. Joseph Boakai Appoints Henry Saamoi Acting Executive Governor

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IPNEWS: Liberian President Joseph Boakai has appointed Henry Saamoi as acting Executive Governor of the Central Bank of Liberia, the Executive Mansion said in a statement Wednesday as reported by the Oracle News Daily on July 4. He replaces Jolue Aloysius Tarlue, suspended Tuesday following audit report showing alleged financial irregularities. President Boakai has reactivated …

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PERSPECTIVE: GAC Compliance Audit of CBL Compilation of Procedural Errors: No Evidence of Criminal Wrongdoing

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By: Samuel P. Jackson, Global Financial Consultant The July 2024 Compliance Audit of the Central Bank of Liberia (CBL) by the General Auditing Commission (GAC) is a rehash of classic procedural errors in any large organization but there is no evidence of criminal wrongdoing. We will review the inaccuracies, errors, materiality, and lack thereof in …

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