8 January 2014 | Will Green
The president of Liberia has suspended the entire board of the Liberia Telecommunications Corporation (LIBTELCO) over allegations of procurement rules breaches.
President Ellen Johnson Sirleaf suspended seven people including the chairman and managing director “pending the conclusion of an investigation, under the guidance of the Ministry of Justice, into their failure to adhere to the provisions of the Public Procurement Act”.
The allegations involve K3 Telecom, a Swiss company that provides telecommunications equipment and services.
Group CEO Uros Mlakar said: “At this point we still haven't received any official information about the matter and all we know is from media.
“We believe this event will not have any effect whatsoever on investment in progress.”
During the period of the suspension the minister of posts and telecommunications, Frederick Norkeh, will act as chairman of LIBTELCO, which is fully state owned.