-Over His Statement On The GAC Report on US$25m
By Reuben Sei Waylaun
River Gee county electoral district three Representative Francis Dopoh has written the plenary of the House of Representatives to invite Justice Minister Frank Musah Dean to be investigated for his recent statement on the report from the General Auditing Commission (GAC) on the US$25million Mop-Up Exercise.
According to the report, for the period July 17 to October 26, 2018, CBL recorded US$15Million as the amount sold to 281 businesses and foreign exchange bureaus by direct mop-up while US$2,000,000.00 was recorded as the amount sold to TOTAL Liberia Inc., through a special auction.
The GAC said exceptions were noted during the field visit. It says there were 15 entities with the amount of US$491,769.00 listed by the CBL, but indicated that they did not participate in the Mop-Up Exercise. Twenty-seven entities that received US$ 702,680.00 participated in the Mop Up Exercise per CBL Records, but not registered per Liberia Business Registry Records. Fifty-two entities that received US$1,092,292.00 participated in the Mop Up Exercise per CBL Records, but did not answer or reply to our telephone calls and text messages. Eight entities that got US$163,446.00 participated per CBL Records in the Mop Up Exercise, but were not in operation during the field visit.
However, the Minister of Justice, Frank Musah Dean has maintained in a press conference that there was no money missing following the findings released by the GAC.
But in an interview with Legislative Reporters Tuesday, River Gee County electoral district three Representative Francis Dopoh said the Public Accounts Committee (PAC) of the house has been mandated to probe into the audit report of the GAC consistent with the Westminster audit procedures.
Representative Dopoh however lamented that while the process is being placed in motion by the PAC, the Minister of Justice and Attorney General of the country has elected to opine on the report in a way that prejudices the process and casting dark cloud on the integrity and credibility of the monetary regime of the country without justifiable reliance.
“The Minister has concluded the work of the PAC by indicating that the US$25million Mop-Up Exercise has no iota of fraud, however, that the monetary system is characterized by systematic fraud. This pre-meditating opinion of the Minister of Justice is troubling to the extent that it undermines our monetary sector,” Representative Dopoh said.
The General Auditing Commission (GAC) of Liberia has since released the much-anticipated audit report on the US$25million intended for Mop-Up Exercise carried out by the Technical Economic Management Team (TEMT) between the Period July 17, 2018 to March 21, 2019, but with questionable findings.