MONROVIA, LIBERIA-The Central Bank of Liberia (CBL) has described as a victim of a grand scam a Portuguese national who claimed that the Bank failed to transfer to him ten million USD after reaching an agreement with unidentified Liberian institutions for a real estate development project in Liberia.

On June 26 this year, Joao Miguel Amaro Corteia called for an investigation of two senior CBL officials who he claimed refused to complete the transfer of the funds and engaged in actions that sabotaged the purported agreement.

In a release issued recently, the CBL clarified that the two individuals named by Mr. Correia as secretaries to the CBL officials he alleged to have interacted with him are not within the employ of the Bank.

The CBL said its policy does not allow the Bank to make payments based on agreements reached between private parties or businesses.

The Bank said following a careful review of Mr. Correia’s complaint, the CBL identified several inconsistencies and falsehoods that cast doubts over the allegations against the two CBL officials.

Meanwhile, the CBL has re-emphasized its commitment to ensure secured financial transactions as required by the laws of Liberia.

By: Frederick Teegwiah, Jr.