NOCAL President Rustonlyn Suacoco Dennis is under investigation for alleged corruption related to vehicle purchases and contract awards. Controversial spending practices exceed budgetary limits, raising public concern and causing scrutiny from the Liberia Anti-Corruption Commission. The integrity of both the President and the Board of Directors is now in question amid calls for adherence to financial regulations.
The National Oil Company of Liberia (NOCAL) is currently embroiled in controversy as its President, Rustonlyn Suacoco Dennis, comes under scrutiny from the Liberia Anti-Corruption Commission (LACC). The investigation follows allegations concerning a $75,000 expenditure for two vehicles, which appears to violate the 2024 budget law that caps vehicle purchases at $45,000.
The Board of Directors at NOCAL approved this budget, including prominent members from various sectors. The allegations suggest that Ms. Dennis attempted to bypass budget constraints by increasing vehicle purchases, raising concerns about financial practices amidst rising public scrutiny.
The issue escalated as rumors circulated that Ms. Dennis sought to manipulate a deal with a vehicle vendor to purchase one car for $45,000, coupled with an expected kickback of $30,000, which allegedly did not materialize, leading to the acquisition of a second vehicle instead.
Moreover, Ms. Dennis is facing criticism for a $500,000 contract awarded to West Africa Geo-Services Liberia for scientific data analysis. Critics allege she acted unilaterally, bypassing procurement regulations, but NOCAL claims to have followed due process and received a ‘No Objection’ from the Public Procurement Concession Commission (PPCC).
The ongoing investigation by the LACC underscores the gravity of these allegations. Concerns have risen about the Board’s role in ignoring the approved budgetary limitations. These developments cast a negative light on NOCAL’s reputation, calling into question the accountability of its directors and their adherence to financial governance laws.
The National Oil Company of Liberia (NOCAL) is tasked with managing Liberia’s oil and gas resources. Recently, allegations of corrupt financial practices have emerged against its President, Rustonlyn Suacoco Dennis. The scrutiny stems from questionable vehicle purchases exceeding budgetary caps and a controversial contract award, raising concerns among the public and regulators such as the Liberia Anti-Corruption Commission (LACC).
In summary, NOCAL faces a significant crisis with ongoing investigations into its leadership’s financial conduct. Allegations targeting Ms. Dennis for violating budget laws and the proper procurement process highlight severe concerns over transparency and accountability. The situation jeopardizes the integrity of NOCAL and its Board of Directors while calling for critical assessments of governance practices within public enterprises.
Original Source: thenewdawnliberia.com
