A former Vice President of Liberia, Ambassador Joseph NyumaBoakai has declared that he is deeply concerned about the outcome of an audit conducted on the account of the National Road Fund by the General Auditing Commission (GAC) covering two fiscal years, July 1, 2018 to June 30, 2020.
The audit has revealed that nearly US$25 million is unaccounted for.
“I must also say, I am aware that the National Budget law for 2018/2019 increased the fuel levy from 25 cents per gallon to resource the NRF to 30 cents paid on every gallon of fuel purchased in the country. This tax is paid by ordinary Liberians, every motorist, who deserve to know how their tax dollars are being spent,” former Vice President Boakai indicated.
Accordingly, he called on President George Weah to immediately get to the bottom of this, as Liberians can no longer watch this swept under the carpet.
He also called on President Weah to ensure that his administration properly accounts for the remaining amount not remitted to the NRF’s account in keeping with the NRF law, as reported by the GAC.
Former VP Boakai added: “I always say in everything we do, let us THINK LIBERIA, LOVE LIBERIA and together we can BUILD LIBERIA.”
Meanwhile, the GAC’s report revealed that the Liberia Revenue Authority (LRA) collected over US$53 million within the period under review, and deposited the amount in the Consolidated Fund Account instead of the National Road Fund Account.
According to the former Vice President, this is a violation of the act of 2016 establishing the National Road Fund.
The GAC’s report goes further to indicate that of said amount, the Ministry of Finance and Development Planning remitted only US$28,152,231 to the National Road Fund, while the difference of US$24,866,637.54 was not remitted.
Ambassador Boakai: “The question this administration has to answer is: What happened to the money not remitted to the Road Fund Account? Section 2.2 of the NRF law clearly requires that–All funds of the NRF shall be held in the Fund Account from which disbursement shall be made solely for the purpose of financing the approved Annual Road Maintenance Expenditure Program and directly related costs as hereby required in this Act.”