The DIRECT MOP-UP exercise targeted three categories of businesses/nonbanking institutions, namely: Major Importers, Small Business Holders, and Major Foreign Exchange Bureaus. Instead, the TEMT/CBL carried out DIRECT MOP-UP by engaging Foreign Exchange Bureaus and local businesses other than the Commercial Banks. This team was stationed at CBL and served businesses and foreign exchange bureaus within Central Monrovia. The investigation established that here were no standard criteria set for the participation of businesses and foreign exchange bureaus in terms of their legitimacy (e.g. Said Ali: “Minister Tweah designed, directed and implemented the unorthodox and corrupt system of direct mop-up exercise of LRD that led to thievery and possible money laundering as indicated in both the local and international reports.

Source: Front Page Africa March 04, 2019 02:27 UTC