GAC audit on allegation of fraud and Misapplication of Funds.

Case Number 00520
Case Title GAC audit on allegation of fraud and Misapplication of Funds.
Submitted At June 28, 2024
Case Status Under Investigation
Amount Involved $580,000.00 USD $0.00 LRD
Duration Under Investigation 3 months, 9 days
Jurisdiction Liberia Anti-Corruption Commission
Sector of the Case Security and Rule of LawExecutive
Level of Government National
Forms of Corruption MisapplicationMisappropriation
Summary of the Case
Nature of the Case Story lifted from the Front page Africa news organ revealed that, in 2019, the General Audit Commission (GAC) conducted an audit which uncovered that on July 24, 2019 USD 200,000.00 was allegedly disbursed to the Liberian National Police as the Central Bank Contribution for the July 26 celebration. Additionally, FPA also alleged that on July 23, the Central Bank of Liberia (CBL) disbursed USD300, 000.00 to the Ministry of State For Presidential Affairs for the same independence day celebration. While USD 80,000.00 was allegedly disbursed by the CBL to the National Security Agency (NSA) for special security operations.

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