Allegation of Financial Impropriety involving Officials of National Insurance Corporation of Liberia(NICOL)

Executive Liberia Anti Corruption Commission

Case Details

Case Number: 00664

Start Date: N/A

Forms of Corruption: Misappropriation

Level of Government: National

Financial Impact

Amount Identified (USD): $101,756.00

Amount Identified (LRD): $1,254,100.00

Funds Recovered

USD Recovered: $0.00

LRD Recovered: $0.00

Documents

Monitoring and Investigations Third Quarterly Matrix Report (July - September 2025) Download File

Nature of Case

Allegation of financial impropriety involving officials of the National Insurance Corporation of Liberia(NICOL) in the amount of U$ 101,756.00 and LRD$1,254,100.00

Case Summary

The Liberia Anti- Corruption Commission has commenced an investigation into suspected irregularities at the National Insurance Corporation of Liberia(NICOL) involving several key officials of the said entity. Those invited for questioning include Mr. Dweh Thomas Bedell, Chief Financial Officer, Mr. Prince T. Freeman, Account Clerk; and Mrs. Charlotte Y. D. Kpanah, Comptroller. The Liberia Anti- Corruption Commission in a press release on its website, dated October 16,2025, stated, "Despite an earlier invitation, the officials failed to submit the required financial records within the two-week's period granted by the Commission".

After several follow-ups by the commission, and continued noncompliance by those officials, the LACC claimed to have taken lawful measures to ensure their presence and cooperation to aid with the investigation. The Commission emphasized that , "the invitation and subsequent actions are consistent with standard investigative procedures. They are intended to provide those officials with the opportunity to clarify their roles and submit relevant information critical to the case under review."