We Deliver You the News, You Don't Come Looking for the News

Prez Sirleaf First Financial Transaction as President, Ordered Finance Payout 30Yr Back-pay for Gov’t Building Rental

President Ellen Johnson -Sirleaf  took over a country after her inauguration,  that was financially suffocated and paralyzed, creating a need for the new government  to come  and put the necessary

framework in place to jump start the Liberian economy. The the public expected and prudently so,  knew that with the experience of the incoming President, being a financial expert who worked in the financial circles, on the national and international levels , would promulgate policies that would target immediate needs for the rejuvenation of the economy.

Evidence from the Finance Ministry, specially the Comptroller’s office reveals a different story. Astonishingly, records from the Comptroller’s office show  the first official financial transaction President Sirleaf authorized the Finance Ministry to execute as President of Liberia was to payout over 30 years back-pay to owners of public buildings under lease by the Liberian government which past governments before her failed to pay.

Officials at the Finance Ministry then,  said upon receipt of the President’s order, they were disappointed in  that  they could not comprehend why the President’s first order of financial business  was to authorize the Finance Ministry to payout over thirty years back-pay to owners of building being leased by the government  which other governments before  her couldn’t pay because they were cash- stripped but  interestingly, it was her government which was in most dying need and  insolvent could prioritize the payout using  the minimum  revenue she met in the coffers  while putting on the back burner the urgent plight and  needs of the Liberian people and country and elected to satisfy a few  at the detriment of the larger public with the bare minimum revenue she met in the coffers.

Officials at the Finance Ministry at the time confided that by the President’s action, which they saw as not being in the best interest of the country, was a red flag and there,  they sensed  the country was headed off the cliff and Liberians were on a long and tumultuous corruption-ride and cronyism.

It is believed that the President placed priority on the payout  of the  over 30 year payback  to owners of government leased buildings, rest on her personal interest and that of  her relatives and friends  because one of the beneficiaries of the back-pay payout was Estrada Bernard, the husband of the President’s sister.



Tagged as: , , , , , , , , , , , , , , ,

Categorised in: NEWS, SPORTS

Your Feedback

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Hours & Info

Monday-Friday: 8:00 am - 5:00 pm
Saturday: 9:00 am - 12 pm
%d bloggers like this: