Liberia: UK’s National Crime Agency Forfeits US$8M Deposited During Tubman, Tolbert Era - News Summed Up

Liberia: UK’s National Crime Agency Forfeits US$8M Deposited During Tubman, Tolbert Era


What is not clear is whether the money was deposited prior to the death of Liberia’s 19th President William V.S. “Money laundering underpins and enables most forms of organised crime, allowing criminals to hide their assets and continue their operations. However, if it was looted Tubman or Tolbert’s money, then Liberia could claim ownership. It is unclear whether the NCA notified Liberia before concluding that the money was criminal before forfeiting. and what are the chances of repatriation and how could Liberia reclaim the money it desperately needs to help resuscitate its struggling economy?


Source: Front Page Africa June 02, 2020 06:45 UTC



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