The Editor,The Central Bank of Liberia press release in relation to the New Dawn's recently published story of three of the bank's officials receiving $300,000 each as car loans leave much to be desired. Central Bank of Liberia has in place a car loan scheme/policyIn its rebuttal, the CBL acknowledged that it has a “car loan scheme/policy” for its senior staff to purchase their OWN cars with repayment over a maximum five-year period”. On the surface, it seems simply being a “senior staff” at the Central Bank of Liberia is the sole qualification one needs to access this loan. Why didn't the bank release its full loan policy to the public for scrutiny? The CBL release stated: “The Central Bank of Liberia challenges the New Dawn Newspaper to produce evidence to support its wild and fictitious claim”.

Source: Front Page Africa February 21, 2018 00:56 UTC