Over Missing US$16 Billion Saga, Former Speaker Nuquay, Others Appear Before Plenary Thursday


Over the alleged missing sixteen billion dollars saga, some current and former officials of government are expected to appear before Plenary of the House of Representatives on Thursday, November 8, 2018.

Those that are expected to appear to include Former Speaker James Emmanuel Nuquay, former and current Justice Ministers, former and current Finance Ministers, former and Central Bank Governors and other members who are associated with the printing of the money.

Making the revelation to newsmen in Gibi District on Wednesday, District #5 Representative Clarence G. Gahr said the former and current Government officials will be answering to question relating to the printing of the money.

Responding to question from Journalists regarding Hon. Nuquay being summoned, Rep. Gahr said their decision to summon the former speaker Nuquay is to find out if it was Plenary decision that led to the signing of a resolution by Chief Clark for the printing of 9.5 billion dollars adding that Plenary is the highest decision making body of the Legislature as such the issue of great concern should be taken to Plenary.

He indicated that the House also wants to know in which session and sitting the agreement was made that the resolution should be prepared, under whose approval the amount was given and who authorized Chief Clark.

According to him, the Legislature is not only looking at the amount but also wants to dive into the procedure ranging from the authorization of the printing of the money.

He stated that the current Legislature has a copy of a journal that was used by the 53rd National Legislature which indicates that five billion dollars were approved and authorized by the Legislature to be printed stating that it was accompanied by a resolution from both houses (House of Representatives and House of Senate) signed by their members.

According to him, the nine-point five billion (9.5 billion) dollar resolution that was sent to the Central Bank was signed only by Chief Clark and the Secretary of Senate.

“And on that note it said that when you are about to print reach us to give us the denominations, the amount you are to print and they went out to print so who gave authorization, we want to know on what sitting, in what session that arrangement was made that Chief Clark and the Senate signed that resolution and sent it” he said.

He meanwhile disclosed that the current Central Bank Government will be giving reasons why he wants to withdraw the five hundred Liberian dollars bank note from the market amidst on going investigation into the alleged sixteen billion dollars.

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