IPNEWS: Suspended Central Bank Governor J. Aloysius Tarlue has filed before the Supreme Court of Liberia sitting in its March term a petition for a writ of prohibition against the Executive Branch of the government of the Republic of Liberia by and through the Ministry of Justice.
The writ copies of which is in the possession of the authoritative Independent Probe newspaper, suspended Governor Tarlue prayed the Supreme court for the writ of prohibition that the petitioner show cause why the peremptory writ should not issue for the legal and factual reasons.
Suspended Governor argued that the Executive Governor of the CBL was duly appointed in accordance with controlling law of the CBL Act of the Republic of Liberia, on the 15th day of July A.D. 2021.
Tarlue also states that the content of his letter of appointment states that by virtue of his appointment as the Executive Governor, he had a definite term to serve and could not be dismissed by the President of Liberia or removed from performing his function, except by impeachment by the National Legislature.
He further contended that section 13.1 of the Amended and Restated Act establishing the CBL (1999), which was published into handbill on September 21, 2020, clearly states that the appointment of the non-Executive Governors, Executive Governor, and Deputy Governor shall be from among persons who are in good standing and of unimpeachable character, from the business and academic community, with experience and expertise in the business of banking, finance, economics, law, or management, by the president of the Republic of Liberia, subject to confirmation by the Liberia Senate, of the term of five years.
“As to count three above, the petitioner provides that the appointment procedure must be finalized within sixty days preceding the expiration of the term of the relevant no-Executive Governor , with the condition that a Non-Executive Governor by effluxion of time shall be eligible for reappointment provided that the he or she shall not serve for more than two consecutive five-year-terms.” Suspended Governor Aloysisus Tarlue contended. Details come subsequently.
This week, the Liberian President Joseph Boakai appointed Henry Saamoi as acting Executive Governor of the Central Bank of Liberia, following audit report showing alleged financial irregularities.
President Boakai also reactivated the Economic Management Team to tackle economic uncertainties, coordinate fiscal and monetary policy, accelerate economic reforms, strengthen regulations and build resilient economy, the statement said.
SEE FULL DETAILS OF WRIT OF PROHIBITION
