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Update!!Following  a major indictment of past and present officials of the Lofa County University, and Eminent son of th...
12/09/2025

Update!!

Following a major indictment of past and present officials of the Lofa County University, and Eminent son of the county writes ✍️

“Korva M. Jorgbor
Eminent Son of Lofa County
Kesselly Boulevard Community
Monrovia, Liberia

September 11, 2025

Sen. Momo T. Cyrus & Hon. Hon. Julie F. Wiah
Senator & Statutory Board Member
Lofa County University (LCU)
55th National Legislature
Monrovia, Liberia

Sen. Joseph K. Jallah, Hon. Deputy Speaker Fallah, Hon. Kpoto, Hon. Kollience
LOFA COUNTY LEGISLATIVE CAUCUS
55th National Legislature
Monrovia, Liberia

Subject: REQUEST FOR LOFA COUNTY UNIVERSITY PRESIDENT, BOARD CHAIRMAN, AND CO-CHAIR AND THOSE INDICTED TO RECUSE THEMSELVES OR SUSPENSION.

Dear Lofa County Legislative Caucus:
I present compliments and wish to officially inform the Board of Trustees of the Lofa County University through your office that I have observed with grave concern that the General Auditing Commission (GAC) and the Liberia-Anti Corruption Commission (LACC) audit reports indicted Lofa County University President, Dr. Isaac P. Poday, the Board Chairman, Rev. G. Victor Padomore, and the Co-Chair, Madam Annie Markele Flomo, Comptroller, Mr. Peter Taylor, and the Vice Principle for Administration, Mr. Catakaw, and the C. Caryton, Administrative Assistant for alleged administrative malpractices and corruption at the university, which is a violation of Public Financial Management (PFM) Regulations, and the Penal laws of Liberia.

Hon. Legislative Caucus, my request for their recuse from office is in accordance with Part XIV, Section 14.1 of the Code of Conduct and Part A.20, (BREACH OF FINANCIAL DISCIPLINE), Part XIV, Section 14.1 of the Code of Conduct says “a breach of the Code of Conduct shall be evoked, relevant, to the particular office, the disciplinary process as contained in the Standing Orders of the Civil Service, this Code of Conduct, and other relevant rules, regulations and laws in force.

Therefore, Part A.20, Subsection A.20(3) is in support of my request for recuse, which says, disciplinary action for misconduct, omission or non-performance shall be taken against any officer contravening any instruction specified in Sub regulation A.20(1), while Sub section A.20(5) says, sanction for breach of financial discipline shall be consistent with the Civil Service Code, and this may include any of the following:

a. A written or oral reprimand;
b. Suspension with loss of salaries and other remunerations;

c. Demotion in grade with or without reduction in remuneration;

d. Interdiction for a period prescribed in the condition or scheme, or service;

e. Termination or dismissal from employment:
f. Surcharging the officer with the amount lost and the applicable penalty, if any, or;

g. Prosecution, depending on the gravity.

Hon. Legislative Caucus, in August 2025, the Government of Liberia filed a lawsuit through the Ministry of Justice against the above-mentioned personalities for the alleged crime committed. According to the writ or indictment by the state, the above-mentioned individuals are charged with the following crimes: Economic Sabotage, Theft of Property, Misapplication of Entrusted Property, Criminal Conspiracy, and Conflict of Interest. This case is ongoing and is currently before Her Honor Nancy Finda Sammy of the Tenth Judicial Circuit Court of Lofa County.

Henceforth, I am calling on Dr. Isaac P. Poday, Rev. G. Victor Padomore, and Madam Annie Markele Flomo to recuse themselves from their various positions while appearing in court for prosecution. I strongly believe that the failure to recuse themselves might have undermined the integrity of the hearing and the court ruling as well. For your information, the state indictment revealed that the indicted individuals violated Chapter 15, Section 15.80 (a,b,c,d, and g), Section 15.81 (a)and (c), and Section 15.82 (b) and (c) of the New Penal Law of Liberia, Title 26 of the Code of Law Revised. Below are copies of Chapter 15, Section 15.80, Section 15.81, and Section 15.82 of the Penal Law of Liberia for your easy reference.

SUBCHAPTER F. ECONOMIC SABOTAGE

Penal Law of Liberia, Chapter 15, Section 15.80 (a)(b)(c) and (d) Fraud on the internal revenue of Liberia.;

A person is guilty of a first-degree felony, if he:
a. Knowingly conspires or colludes to defraud the Government of Liberia;

b. Knowing makes an opportunity for any person to defraud the Government of Liberia or another;

c. Does or omits to do any act with intent to enable another to defraud the Government of Liberia;

d. Makes or signs any fraudulent entry in any book or record of any Ministry or Agency of Government or signs any fraudulent certificate, return, or statement;

g. Having knowledge of a violation of any Revenue and Finance Law of Liberia, or any fraud, fails to report in writing such information to the Commissioner of Internal Revenue or the Minister of Finance of Liberia;

15.81. Misuse of public money, property, or records.
A person is guilty of a first-degree felony, if he:
a. Knowingly steals, takes, purloins, or converts to his own use and benefit or the use of another; or without authority, sells, conveys or disposes of any record, voucher, money or thing of value of the Government of Liberia or any Ministry, or Agency thereof, or public corporation, or any property made or being made under contract for the Government of Liberia or any Ministry, Agency thereof or public corporation;

c. Disposes of, uses or transfers any interest in property which has been entrusted to him as a fiduciary, and in his capacity as a public servant or any officer of an institution, in a manner he knows is not authorized and that he knows to involve risk of loss or detriment to the owner of the property or to the Government of Liberia or other person for whose benefit the property was entrusted.

15.82. Theft and/or illegal disbursement and expenditure of public money.

A person is guilty of a first-degree felony, if he:

b. Knowing takes, misappropriates, converts, or exercises unauthorized control over, or makes unauthorized transfer of an interest in the property of another or the Government of Liberia, with the purpose of depriving the owner thereof or purposely deprives another of his property by deception, or by threat;

c. Knowingly receives, retains, or disposes of property of another or the Government of Liberia which has been stolen, with the purpose of depriving the owner thereof or the Government of Liberia

Therefore, in the interest of good governance, which is accountability, rule of law, transparency, efficiency and effectiveness, I am calling on the Board of Trustees of the Lofa County University to immediately request Dr. Poday, Rev. Padomore, Madam Flomo, Mr. Peter Taylor, Mr. Catakaw, and Mr. C. Caryton to recuse themselves from their various positions pending the court ruling, and their failure to recuse themselves, I am also appealing that the board of trustees recommend to President Joseph N. Boakai their immediately suspension pending the court ruling. Moreover, my request is in accordance with Part III, Section 3.5, 3.9, Part IV, Section 4.2, and Part VIII, Section 8.3 of the Code of Conduct.

Hon. Legislative Caucus, I would greatly appreciate your urgent and timely intervention in my appeal and request, as we all work to support the efforts of His Excellency Joseph N. Boakai in combating corruption and advancing the rescue agenda. Attached are the photocopies of the indictment by the Ministry of Justice, and a photocopy of my Voter ID car for your easy reference.
Best regards.

Sincerely yours

K.M. Jorgbor

Korva M. Jorgbor
Eminent Son of Lofa County
Cell #: 0777283068/0886548351 “

12/09/2025

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11/09/2025

The Nightly Exchange, September 10, 2025

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CBL Reassures Public: Liberian Dollar Supply Stable, Currency Strength Shows Effective PolicyThe Central Bank of Liberia...
10/09/2025

CBL Reassures Public: Liberian Dollar Supply Stable, Currency Strength Shows Effective Policy

The Central Bank of Liberia (CBL) has assured the public and financial stakeholders that there is no shortage of Liberian dollars (LRD) in the financial system.

According to the Bank, commercial banks currently have adequate LRD liquidity to meet all payment demands, including government salaries, private transactions, and settlements.

In a statement released Tuesday, September 9, 2025, the CBL addressed recent concerns over reported shortages of the Liberian dollar, calling them inaccurate and misleading.

The CBL noted that as of September 3, 2025, commercial banks held L$1.65 billion in vault cash, with the Central Bank maintaining robust reserves to support the system if needed. Additionally, banks’ excess reserves have nearly doubled to L$2.02 billion compared to the same period last year, signaling strong liquidity in the system.

The CBL clarified that rumors of cash scarcity stem from speculation, hoarding, and misinformation not from actual financial conditions. Liberia’s LRD liquidity remains stable and resilient.

Meanwhile, the Liberian dollar has seen a significant appreciation against the U.S. dollar. On September 8, 2025, the exchange rate stood at L$180.00 to US$1.00 (buying), up from L$201.08 just a week earlier a 10.5% increase in value. A CBL market survey on September 9 confirmed the trend, showing rates of L$182.94 (buying) and L$184.94 (selling) per U.S. dollar.

The currency strength is attributed to several factors which includes:
Tight monetary policy since April 2025, with a 17.25% policy rate, Sterilization of over L$13 billion to stabilize the foreign exchange market, Strong remittance inflows totaling US$425.9 million in the first half of 2025, Expanding economic activity outside Monrovia due to improved road connectivity

Inflation has also dropped significantly from 13.1% in February to 7.4% in July with further declines projected. Structural reforms, such as improved road access, expanded energy supply, and higher agricultural productivity, are helping reduce production and transportation costs.

Other contributing factors to growing confidence include reduced fiscal deficits and the use of the Pan-African Payment and Settlement System (PAPSS) to facilitate regional trade.

CBL Executive Governor Henry F. Saamoi reiterated the Bank’s strong commitment to maintaining financial and monetary stability:

“There is no shortage of Liberian dollars in the financial system. The recent appreciation of the currency reflects sound policy measures, structural improvements, and improving economic fundamentals.”

He urged the public to avoid panic-driven behavior or hoarding, which can cause unnecessary pressure on the market. The Central Bank will continue monitoring the foreign exchange market and providing regular updates.

The CBL reaffirmed its dedication to sustaining macroeconomic stability, ensuring sufficient liquidity, and reinforcing confidence in the Liberian dollar.

10/09/2025

The Nightly Exchange, September 9, 2025

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09/09/2025

The Nightly Exchange, September 8, 2025

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Update!!FOR IMMEDIATE RELEASEMonrovia, Liberia – September 8, 2025 – The Ministry of Commerce and Industry, in close con...
08/09/2025

Update!!

FOR IMMEDIATE RELEASE

Monrovia, Liberia – September 8, 2025 – The Ministry of Commerce and Industry, in close consultation with the Liberia Petroleum Refining Company (LPRC), hereby announces that the ceiling prices for petroleum products on the Liberian market have been adjusted, effective September 8, 2025.

As part of the adjustment, the price of Fuel Oil (AGO) has been reduced by Ten United States Cents (US$0.10), while the price of Gasoline (PMS) has been reduced by Seven United States Cents (US$0.07).

Details of the new prices are as follows:

Product
Wholesale Price (USD) Retail Pump Price (USD / LD) Gasoline (PMS) US$3.74
US$4.02 / LD 805.00

Fuel Oil (AGO) US$4.05 US$4.33 / LD 865.00

Note: The exchange rate used for this circular is LD 200.00 to US$1.00, as published by the Central Bank of Liberia (CBL) on September 4, 2025.

The Ministry of Commerce and Industry’s Inspectorate Team will rigorously monitor these approved ceiling prices to prevent arbitrary hikes in the pump prices of gasoline and fuel oil on the local market. Furthermore, the Ministry will work closely with importers and retailers to ensure fair competition, discourage price undercutting, and uphold industry standards that serve the best interests of the Liberian people.

LPRC: “Keeping The Wheels Of Industry Turning”
www.lprclib.com

08/09/2025

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Tension Mounts in Lofa County as Citizens Call for Suspension of University President Amid IndictmentLofa County, Liberi...
07/09/2025

Tension Mounts in Lofa County as Citizens Call for Suspension of University President Amid Indictment

Lofa County, Liberia — Tensions are rising in Lofa County following recent developments involving Dr. Isaac P. Podah, the President of Lofa County University. Citizens and stakeholders are demanding his immediate suspension after he was recently indicted by the 10th Judicial Circuit Court in Lofa County on charges of economic sabotage, criminal conspiracy, and other related crimes.
The indictment has sparked widespread concern among residents, students, and university staff, who believe that the allegations against Dr. Podah threaten the integrity and reputation of the institution. Demonstrations have been organized in various parts of the county, with citizens calling for accountability and justice.
Local authorities and community leaders have urged calm and are calling for a thorough investigation into the case. Meanwhile, university officials have yet to release an official statement regarding the matter, leaving many questions unanswered.
The case against Dr. Podah and other officials marks a significant development in the ongoing efforts to address issues of corruption and misconduct within public institutions in Liberia. As the legal proceedings continue, the people of Lofa County remain alert and hopeful for a resolution that upholds transparency and justice.

The Lofa County authorities have yet to release an official statement regarding the calls for suspension or the investigation process. Meanwhile, the university community awaits further developments, hoping for a fair and swift resolution.

06/09/2025

Nightly Exchange, September 5, 2025

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05/09/2025

The Nightly Exchange, September 4, 2025

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04/09/2025

Ministry of Information regular press briefing.

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