By: Staff Writer

Paynesville – Dorbor Jallah, the Commissioner General of the Liberia Revenue Authority (LRA), is at the center of another allegations of corruption and conflict of interest.
Just days after being tackle in a scandal with former Commerce Minister Amin Modad, insiders from major commercial banks in the country are expressing deep concerns about Jallah’s decision to marginalize them through the funnel of all major transactions only through Ecobank Liberia.
This decision is lifting eyebrows, sparking fears of favoritism and the lack of level playing field in a system that is already fraught with challenges.
Sources within the commercial banking sector have hinted that this shift in transactions has left them feeling stranded and sidelined. Bank officials report feeling excluded from significant opportunities, as they now rely on Eco Bank to get a smaller pool of transactions that could have been shared across the banking system, emphasizing the detrimental impact on competition and service offerings for customers.
The implications of Jallah’s actions are far-reaching. As a former chairman of the board of Ecobank Liberia, his transition into a role that significantly benefits this institution raises serious questions about ethical governance.
Industry insiders warn that such practices undermine public trust in financial institutions and government entities alike. “How can we expect fair competition when the head of the revenue authority is directly linked to one bank?” questioned a concerned banker, highlighting the potential for systemic corruption.
The reliance on a single bank for major transactions could create vulnerabilities in the financial system, exposing it to kickback, as well as risks associated with the stability and practices of that one institution.
As competition dwindles, there is a heightened risk that customer service and innovation will stagnate, harming the overall economy.
The government is now faced with mounting pressure to investigate these claims.
The actions of individuals in positions of power have the potential to ripple through the financial landscape, affecting not just the institutions involved but also the everyday lives of citizens. The coming weeks will be crucial in determining whether Jallah can restore confidence in his leadership or if he will continue down a path that jeopardizes both his legacy and the integrity of financial system.