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Lower House wants CBL Audited

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The House of Representatives has mandated its chief clerk to communicate with the General Auditing Commission (GAC) and the Public Procurement and Concession Commission (PPCC) to conduct an audit of the Central Bank of Liberia (CBL).


The House's plenary ordered Chief Clerk Mildred Siryon to follow up with the investigation and report after two months.
The mandate was given when Representative Edwin Snowe complained to the august body, craving their indulgence to have the CBL investigated.
“I write seeking the endorsement of this Plenary to mandate the General Auditing Commission (GAC) and the Public Procurement & Concession Commission (PPCC) to conduct a comprehensive financial and procumbent audit of the Central Bank of Liberia (CBL) to enable us have an informed and independent knowledge of its undertakings as per the law,” Representative Snowe wrote in his communication.
He further noted that as helpful as the microfinance program and direct financial assistance could be to the people of Liberia, it was important to ensure that they are legal and are used for their intended purposes, not for “buying votes”.
In early 2014, the House of Representatives passed a bill calling for an amendment of the CBL Act, barring governors (including Governor Mills Jones) from contesting political position for three years after their tenures aspired.
It has been perceived that Dr. Jones is harboring political ambition in the 2017 presidential elections, and that the CBL microfinance programs are aimed at giving him ample advantage leading towards that time.
However, Dr. Jones has not spoken directly over the passage of the bill, which is before President Ellen Johnson Sirleaf, but is firm on his microfinance policy he says is to empower Liberians take ownership of their economy.