IREDD said it has taken note of swift steps by the government through the Liberian National Police to effect the arrest of some officials of the Central but has caution against selective justice. Mr. Sirleaf, son of former President Ellen Johnson Sirleaf, was picked up from the Central Bank amid tight security just after a board meeting, which he was a part of. He was picked up Friday morning at his residence after the police officers barricaded his house the entire Thursday night. However, the contract between the Central Bank of Liberia and Crane Currency AB (an American Currency Printing Company with offices in Sweden) to print an initial L$5 million was consummated prior to Legislative authorization. According to the PIT report, the Central Bank did not abide by international best practice for selecting and contracting Crane Currency to print the new Liberian Dollar Banknotes.

Source: Front Page Africa March 04, 2019 23:03 UTC