By By: Alphanso G. Kalama;
Monrovia, Liberia – The Government of Liberia (GOL) has reached a settlement agreement with the suspended Executive Governor of the Central Bank of Liberia (CBL), J. Aloysius Tarlue, Jr., awarding him a hefty US$374,239.24 as compensation for the remainder of his tenure. This decision comes despite a damning audit report by the General Auditing Commission (GAC), which allegedly exposed massive financial mismanagement at the CBL under Tarlue’s leadership.
The 2024 GAC Audit Report reportedly revealed that nearly US$300 million remained unaccounted for, with allegations of widespread looting, misappropriation, and siphoning of public funds. Many expected that Tarlue and other officials implicated in the audit would face legal consequences. However, instead of being prosecuted, the former CBL Governor is walking away with a lucrative settlement—an outcome that has left many questioning the Boakai administration’s commitment to fighting corruption.
Settlement Instead of Prosecution
According to the Settlement and Release Agreement (attached), signed by Tarlue, Acting CBL Executive Governor Henry F. Saamoi, and Minister of Justice N. Oswald Tweh, the payout serves as “compensation for the unexpired term of his tenure.” The agreement explicitly states that the payment constitutes a full and final settlement of all claims against the government and the CBL, effectively ensuring that Tarlue will not face any further legal consequences for his suspension.
Critics argue that the decision to settle rather than prosecute sends the wrong message at a time when Liberia is struggling with economic hardship and widespread public distrust in government institutions. Many see this as a direct contradiction to President Joseph Nyuma Boakai, Sr.’s repeated promises to fight corruption.
Public Outrage and Calls for Accountability
The news has sparked a firestorm of criticism on social media and among political analysts. Many Liberians are expressing their frustration at what they perceive as a blatant reward for corruption.
- “You suspend someone for corruption and later pay him off with US$374K? What kind of justice system is this?” one Liberian wrote.
- “This government just sent a clear message that corruption is profitable in Liberia. If you loot, you get rewarded instead of punished.”
- “Boakai promised reforms, but instead, he’s paying off those who mismanaged our country’s money. This is a disgrace.”
What Next for the Boakai Administration?
As the controversy intensifies, pressure is mounting on the administration to provide a clear justification for the settlement. Many are calling on the Legislature, anti-corruption institutions, and civil society organizations to challenge the decision and demand transparency.
With Liberia’s struggling economy and increasing concerns about governance, this payout to Tarlue could be a defining moment for the Boakai administration. Will the government stand by its decision, or will public pressure force a reversal?
For now, corruption appears to have won the day.
