U$15,000 Unaccounted for in LBF Financial Report

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Mr. Abraham Samukai,-web.jpg

The discrepancy in the budget details from the Ministry of Youth & Sports and the expenditure submitted by the Liberia Basketball Federation to team presidents has raised major concern.

A copy of the Liberian government’s fiscal 2014/15 period report which is with the Daily Observer that the outgoing LBF administration developed a summary of its expenditures did not account for U$15,000.00 (US Fifteen thousand dollars).

The Ministry of Youth & Sports indicated releasing U$85,000.00 in total forecast to the LBF but its summary report indicated expenditure for U$70,000.00 as allotment received from the Liberian government.

“It is interesting to know what happened to the USD15, 000.00 that the LBF report is silenced on,” said one club president.

Another issue club presidents have raised concern about is the use of the U$70,000.00 of which U$15,000.00 Anderson administration reported was used for the FIBA Zone lll clubs Championships held in Liberia.

“The money was intended to develop basketball in the country,” said forthcoming presidential hopeful, Abraham Samukai, “how on earth was it used to host a regional tournament?”

Sources indicated, which was confirmed by Mr. Samukai yesterday, “FIBA does not allow the host country to be responsible for participating countries’ expenses, except few officials and therefore we want to know whether the LBF Executive Committee sanctioned the use of the U$15,000.00.”

“It is worrisome,” Samukai admitted, “that the LBF administration denied Liberian youth a chance to develop their game.”

He pointed out that since the U$85,000.00 was provided by the Liberian government to develop basketball, he considers it unfair for the Anderson administration to use part of the money to host FIBA tournament. “This will be a serious issue at congress,” Samukai said.

Additionally, the LBF financial document reports several loan agreements with banks and loan companies that many club presidents have described as “difficult to understand.”

Another area of concern is the violation of the agreement reached at the Ministry of Youth & Sports with consultations with the Liberia National Olympic Committee.

The Anderson administration should have provided congress documents, including the 2014 fiscal year on February 2 so that adding 15 days, the congress could have been held on the 17 as originally planned. But with the administration submitting the documents on February 12, team presidents would need 15 days to review and make suggestions to the congress agenda.

Therefore, adding 15 days throws congress and election dates to February 27th and 28th respectively.

However, the Anderson administration’s agenda for congress sent to club presidents yesterday still had February 17 for congress, which may create more problems for the administration in the days to come.

 

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