Liberia's Ex-President's Son Charged in Currency Scandal

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Nyakundi Report

Newsroom 1 min read

The son of Liberia's former president has been charged with economic sabotage linked to the unauthorized printing of millions in local currency.

He is accused of diverting proceeds from the scheme between 2016 and 2018 while serving as deputy governor of the Central Bank.

Four other former bank officials were also charged, with two fugitives still at large.

The defendants have not publicly addressed the allegations.

An independent investigation into the missing funds was published last week.

Liberia, one of the world's poorest nations, has long grappled with corruption.

Ellen Johnson Sirleaf, who led Liberia from 2006 to 2018, was credited with restoring economic stability after years of conflict.

On Monday, Charles Sirleaf, former bank chief Milton Weeks, and official Dorbor Hagba were formally charged with economic sabotage, misuse of public funds, and conspiracy.

A Monrovia court ordered their detention pending trial.

Their legal representatives have not commented on the charges.

The two remaining fugitives are Richard Walker and Joseph Dennis.

The investigation, conducted by Kroll, focused on the disappearance of over $100 million in newly printed banknotes.

Reports had suggested shipping containers filled with currency vanished from Monrovia's port and airport.

However, the report found no evidence of such an event.

Instead, it revealed the Central Bank had illegally printed and imported three times the authorized amount of currency.

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