Intensive Senate Grilling Awaits CBL Governors, TEMT Today

CBL Governor Nathaniel Patray is being invited to speak to the economy woes.

-Date may be announced to commence Ja’neh’s impeachment trial

The Executive Governor of the Central Bank of Liberia, Nathaniel Patray, Deputy Governors and other members of the Technical Economic Management Team are scheduled to make a full appearance today before plenary of the Liberian Senate.

The TEMT, headed by Minister of Finance and Development Planning Samuel Tweah, appeared before the Senate last Tuesday to brief that body on the state of the economy, but the absence of the CBL executive governor and his deputy governors prompted the need to reschedule the entire team to appear.

During that opening marathon hearing that included the Minister of Commerce Wilson Tarpeh, Liberia Revenue Authority Commissioner General Thomas Doe Nah and Economic Advisor Charles Bright, senators’ emphasis was more on the monetary aspect of the economy, especially the alleged missing L$16 billion Liberian dollars, authorization for its printing, and the government’s infusion of US$25 million stimulus package intended to stabilize the depreciation of the local currency.

Minister Tweah, during last week’s hearing, maintained his earlier statements that LD$16 billion did not go missing, but clarified that investigation is likely to prove that indeed money was missing but significantly lower than what is currently debated.

The CBL boss, Nathaniel Patray, at the height of the missing billions saga, called a press briefing that was void of questions and answers and said that the Bank “was in receipt of” its printing agency all monetary transactions negotiated and that the so-called missing money was in the vault of the CBL.

Meanwhile, sources within the leadership of the Senate have told the Daily Observer that issues centering on the date for commencement of the impeachment trial for Supreme Court Justice Kabineh Ja’neh may be agreed on and announced during today’s sitting.

If the impeachment trial starts before the end of the month, there are speculations by legal analysts that the trial may go on into December, or immediately after the return of lawmakers to the Capitol in January.


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