The former Speaker was summoned by the Court to give details of the 53rd Legislature’s involvement with the authorization to print new banknotesMonrovia – Former House Speaker, Emmanuel J. Nuquay, has testified in open court that the House of Representatives did not sign a joint resolution for the printing of the L$10 billion banknotes. The House of Representatives did not sign any joint resolution to print L$10 billion dollars and there is no such resolution,” the former Margibi County lawmaker was responding to a question by the State: Whether the House of Representatives ever passed a joint resolution regarding the printing of the L$10 Billion dollars? “I have no information absolutely on the printing of L$10 billion by the CBL. “To the best of my knowledge, there is no paragraph in that communication that authorized the CBL to print L$10 billion dollars,” he said, adding that the Bank never acted in accordance with the content of the letter sent by the House. Further, the three-year budget was only capable of financing the initial L$5 Billion dollars that was printed last year.”Responding to the communication, he said: “By refreshing my memory, I cannot immediately recall receiving such communication.

Source: Front Page Africa July 17, 2020 05:15 UTC