Liberia's central bank faces audit

May 01, 2015

The government wants CBL to lead by example in the fight against corruption.

Liberia's House of Representatives has revealed that it will audit the Central Bank of Liberia (CBL), as part of its ongoing fight against corruption.

It said the government stood for accountability and transparency and as such, the CBL should show a commitment to transparency by complying with the audit process.

According to Montserrado County Electoral District Representative Edwin Melvin Snowe, for the past years, the management of Governor Joseph Mills Jones has conducted the affairs of the Central Bank without audit, newspaper The New Dawn reports.

He said the audit should include payroll, expenditure and full understanding of the micro loans scheme.

"This is not about targeting someone in the process; it is how we as a government can convince our partners and citizens that we are serious in combating the 'deadly corruption virus' eating up our country. The audit will establish the sincerity of the transactions of the CBL with other commercial banks here," the lawmaker said.ADNFCR-2976-ID-801786031-ADNFCR