An investigation by Finance Uncovered has exposed a little-known offshore business registry that has created tens of thousands of anonymous companies and registered them to a non-existent address in Monrovia, Liberia's capital city.
Although these companies are technically a creation of Liberian law, management of the registry is based in the United States and appears to have the support of the US government.
The companies, which can be purchased online, offer near-total anonymity to their clients, allowing them to hide assets without fear of being caught by law enforcement or revenue authorities.
Among other things, Finance Uncovered’s investigation, supported by the Thomson Reuters Foundation and amaBhungane, discovered over half a billion pounds of high-value London property registered to Liberian offshore companies. Read more...
President Sirleaf Departs the Country Today: Pays Official Visits to the US, Senegal and the State of Israel
Monrovia, Liberia: President Ellen Johnson Sirleaf, will today depart the country for official visits to the United States of America, Senegal and the State of Israel respectively.
According to an Executive Mansion release, President Sirleaf will be away from May 26 to June 10, 2016. The first leg of the Liberian leader’s official visit takes her to the United States, thereafter she will proceed to Dakar, Senegal to attend the ECOWAS Summit of Heads of State and Government.
The final leg of the Chief Executive’s official visit takes her to the State of Israel where she will have the opportunity to meet Israeli authorities on crucial matters of bilateral concern.
While the President Sirleaf is out of the country, Hon. Brownie J. Samukai, Minister of National Defense takes charge from May 26 - 29, and Dr. Edward B. McClain, Jr. Minister of State for Presidential Affairs from May 30 – June 9, will serve as Coordinator respectively of the Cabinet in telephone consultation with Her Excellency and with the Vice President who will be returning to the country.
Meanwhile, the Liberian leader returns home on June 10, 2016.
MONROVIA, LIBERIA: President Ellen Johnson Sirleaf has made new appointments in government affecting the Ministries of Youth and Sports, Lands, Mines and Energy, Internal Affairs, Governance Commission, Law Reform Commission, Liberia Maritime Authority and the Public Procurement and Concession Commission.
According to an Executive Mansion release, those appointed are:
Ministry of Youth & Sports
Rufus Neufville Deputy Minister for TVET
Ministry of Lands, Mines & Energy
Jenkins Atuanya Deputy Minister for Administration
Henry Sambola Assist. Minister for Administration
Law Reform Commission
Cllr. Felecia Coleman Commissioner. Read more...
(MONROVIA, LIBERIA – Wednesday, May 25, 2016) The Charge d’Affaires, a. i. of the Permanent Mission of Liberia to the United Nations has commended the United Nations Security Council for lifting the remaining sanctions and an arms embargo imposed on Liberia during the civil crisis.
Mr. George Patten acknowledged that the targeted sanctions on key individuals, the arms embargo and a ban on the export of Liberian timber and rough diamonds were well placed. Read more...
-AS Marylanders Plan to Obstruct TU Graduation, Impede Academic Activities
The academic instabilities that have marred the University of Liberia as a result of continuous demonstrations and protest by students of the premier state run university might surface at the William V. S. Tubman University in the southeastern region if proper care is not taken.
This potentially troubling situation looming at TU is emerging as news emanating from Maryland County reveals that there is a plot to obstruct the May 31 commencement convocation of the of the university. Read more...