LPRC, LEC, Finance in Audit Hearings

first_imgThree government functionaries are expected to face public hearings about audit reports from the General Auditing Commission (GAC), the Public Accounts Committee (PAC) of the Legislature has announced.Liberia Petroleum Refining Company (LPRC), Liberia Electricity Corporation (LEC) and the Ministry of Finance have all been invited to appear before the Joint Legislative Committee to answer to questions about alleged financial malpractices at their respective institutions.According to a statement issued by the PAC, the hearings begin with the Ministry of Finance on May 21-26, 2014 on several different financial matters ranging from Fiscal Outturn in 2008, Consolidated Financial Statement 2010-2012 to the Ministry’s Duty Free Program from 2006-2009. PAC further that the Ministry will account for an alleged L$22 million missing check from government coffer while the Administration and Expenditure from 2005-2007 of the Ministry remains unaccounted for.Current and former ministers, deputies and assistants including comptrollers of the entities mentioned have all been requested to attend, the statement said.Relative to LPRC and LEC, the statement maintained that LPRC management needs to address itself to a debt statement of 2006-2008 involving MOTC and the company. LEC is also expected to explain financial transactions linking the entity to malpractices as indicated by the GAC.   PAC has conducted hearings on several government entities including National Port Authority, Robert International Airport, Ministry of Gender and Development among others.Recommendations from previous hearings are expected to be validated by both plenary of the Legislature in order to be submitted to President Ellen Johnson Sirleaf for actions.The PAC received a budget support of US$500,000 from the World Bank to conduct public hearings on all audit reports submitted to that body by the GAC.Many financial experts now question the independence of the committee when majority of its members are either senior partisans affiliates of the ruling Unity Party.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

IAAF World Championships London 2017: Liberia’s Representative Finishes at Semi in Men’s 100 Metres

first_imgLiberia’s lone representative at the 2017 IAAF World Championship, Emmanuel Matadi, over the weekend bowed out in the semi-final stage of the Men’s 100m at the Olympic Stadium in London.Matadi, 26, finished 14th overall with a time of 10.20 seconds, finishing below US sprinter Christopher Belcher by 0.002 seconds, after both ran the same time down to hundredths of a second.The young sprinter qualified for the semi-final after finishing as one of the six provisional runners in Heat 1, 0.006 seconds above Barbados’s Ramon Gittens and 0.03 seconds below Cejhae Greene of Antigua & Barbuda.Matadi, who finished 5th in the 2016 Rio de Janeiro Olympics, enjoyed the preliminaries of the 100m after winning Heat 1 with a time of 10.27s that qualified him alongside Brendon Rodney of Canada and Mart Otieno Odhiambo of Kenya to the next round.According to Liquid Sports in Ghana, following his first race at the event, the Liberian expressed delight after finishing first in the preliminaries. He, however, added that there was a need for improvement. “I wanted to be faster but it’s early days and the first round, so we’ll see what happens next. This race was really just about getting out and getting through, so onto the next,” Matadi told Liquid Sports.The Men’s 100m produced a shocking result after 35 year old Justin Gatlin of the USA finished ahead of 30 year old Usain Bolt, who was running his last 100m, to win the gold medal in 9.92s, with silver going to 22 year old US sprinter Christian Coleman, who finished with a time of 9.94s.A terrible start for Bolt prevented him from making a perfect finish. He clinched bronze in the IAAF 100m, where he has collected 11 golds and two silvers.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) – Advertisement – Liberia’s sprinter Emmanuel Matadi(Photo Credit: Getty Images)last_img read more