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President Joseph Nyuma Boakai, Sr., has, with immediate effect suspended the President/Chief Executive Officer (CEO) of the National Oil Company of Liberia (NOCAL), Madam Rostalyn Suakoko Dennis.
The President’s decision follows a resolution of the Board of Directors of NOCAL recommending Madam Dennis’ suspension and an investigation into the allegations.
Madam Dennis has been ordered to turn over all government properties in her possession to the interim team headed by Mr. Fabian Michael Lai, NOCAL’s Vice President for Operations, who will assume interim oversight of the Company’s operations.
The Government of Liberia remains committed to transparency, accountability, and good governance in all sectors, particularly in the management of the country’s natural resources.
An investigation of the allegations against Madam Dennis has been ordered.
Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.
This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.
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