[bsa_pro_ad_space id=1]

Politics News

Senate rejects CBL nominees

In a rare legislative decision since the inception of the Coalition for Democratic Change (CDC) – led government, the Senate Committee on Banking and Finance has rejected three persons nominated by President George Manneh Weah to occupy certain positions at the Central Bank of Liberia (CBL).

The Committee chaired by Grand Gedeh County Sen. Marshall Dennis said Thursday, 4 July that Mr. Richard A. Dolley, Mr. Timothy Thomas and Mr. James B. Dennis are not qualified to serve as members of the CBL’s Board of Governors.

Their appearance before the Senate Committee followed their recent appointment by President Weah.

The Committee has further asked the plenary of the Senate to reject the presidential appointees.

The Committee’s report says Mr. Dolley and Mr. Dennis have served on the management team of the CBL and even up to the position of Deputy Governors.

The Committee further notes that judging from a report by a presidential investigative team that points to long term lack of proper internal control system at the CBL.

According to the Committee’s observation, two of the nominees have no knowledge in developing policies to mitigate any problem of internal control at the CBL.

Further, the Committee report signed by its chairman Marshall Dennis and approved by majority of its members reveals that Mr. Timothy Thomas’ testimony at the hearing proves that he has no idea of the country’s current economic problems.

[bsa_pro_ad_space id=1]

Given the observations expressed by the Committee, it came to a conclusion that none of the three nominees are convincing in terms of pro-activeness and robustness to take head on the [creeping] threat that the economic status of the country posses to its citizens in this contemporary dispensation.

The Committee therefore recommends that the Senate Plenary unanimously reject the three nominees to the CBL Board of Governors because they all lack the needed experiences, institutional knowledge and up – to – date economic management competences to resuscitate Liberia’s [crippling] economy.By Ethel A. Tweh—Edited by Winston W. Parley

[bsa_pro_ad_space id=1] [bsa_pro_ad_space id=2] [bsa_pro_ad_space id=3] [bsa_pro_ad_space id=4] [bsa_pro_ad_space id=5] [bsa_pro_ad_space id=6]
Back to top button