Sign In
  • LR.
  • International
  • U.S.
  • AFRICA
Hot Pepper Liberia
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Reading: Editorial: The Precarious Situation Concerning LISCR Handling Of The Maritime Funds
Share
Hot Pepper LiberiaHot Pepper Liberia
0
Font ResizerAa
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Search
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Have an existing account? Sign In
Follow US
Β© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Hot Pepper Liberia > Blog > News > Editorial > Editorial: The Precarious Situation Concerning LISCR Handling Of The Maritime Funds
Editorial

Editorial: The Precarious Situation Concerning LISCR Handling Of The Maritime Funds

Hot Pepper
Last updated: February 8, 2024 1:20 am
Hot Pepper
Share
SHARE

π‹πˆπ’π‚π‘ πˆπ’ 𝐓𝐇𝐄 administrator of the Liberia Maritime Registry under the Liberia Maritime Authority (LiMA), and is a private U.S.-owned and globally operated company, with headquarters in Dulles, Virginia (outside Washington, D.C.), USA. The Liberia Maritime Authority is regarded as one of the highest revenue-generating agencies of government, contributing close to US$20 million to the revenue envelope of fiscal year 2023. However, it has over the years been accused of being at the crux of financial indiscipline, coupled with organized schemes and deep secrecies that appear to be difficult, if not impossible, to infiltrate. This, according to information, has caused the nation severe financial wounds while a few privileged officials of government allegedly pocket millions of dollars annually from the maritime funds at the detriment of the impoverished Liberian citizenry.

𝐓𝐇𝐄 π‹πˆππ„π‘πˆπ€π π‘π„π†πˆπ’π“π‘π˜ is comprised of 5,600+ vessels aggregating over 242 million gross tons, representing 15 percent of the world’s ocean-going fleet. The registry has sat pretty as number one in the world since July 2023. But information revealed by Dr. Chambers to newsmen on Wednesday, February 7, 2024 says the postulation as to how LISCR fundings have been coming in has been the dismal, claiming that Liberia has been at a peril in terms of what it should be generating.

𝐃𝐑. ππ‡πŽπ…π€π‹ π‚π‡π€πŒππ„π‘π’ called on the Joseph Boakai administration to probe into the issue regarding the maritime saga: whether the maritime sector is meant for only a minute portion of the Liberian population. In his view, if LISCR is not ready to serve the purpose of why it was established, then it should be reconsidered, removed and replaced by a more responsible body.

𝐏𝐀𝐑𝐓 𝐕 (π…πˆππ€ππ‚πˆπ€π‹ ππ‘πŽπ•πˆπ’πˆπŽππ’) Section 19 of the Act establishing the Liberia Maritime Authority the authority to the office to be responsible for the collection of the all monies collected by LISCR or any succeeding agent on behalf of the government, and due to the government, and deposit same into the Government of Liberia’s general revenue account with the Central Bank of Liberia.

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
Share This Article
Email Copy Link Print
Previous Article Pres. Boakai Expresses Condolence To Namibia For The Death Of Pres. Geingob
Next Article As Dr. Chambers Questions LISCR’s Financial Reporting: Maritime Funds Shredded In Schemes and Secrecies?
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Editor's Pick

Top Writers

Oponion

You Might Also Like

Editorial

Editorial: The National Elections Commission (NEC) And The Request For BVR Extension

THE NATIONAL CIVIL Society Council of Liberia (NCSCL), the apex body of all civil society organizations in the country, has…

3 Min Read
Editorial

Editorial: Corruption Remains A Significant Impediment To Governance And Development In Liberia

THE 2024 STATE of Corruption Report (SCORE) of the Center for Transparency and Accountability in Liberia (CENTAL) reveals that corruption…

4 Min Read
Editorial

Editorial: The Suspended Imprisonment And Stipulation Payment Agreement: The Beginning Of Samukai Taking His Seat At The Liberian Senate?

ON MONDAY, JANUARY 24, 2022 President George Manneh Weah delivered his fifth State-of-the-Nation Address to the anticipation of many but…

3 Min Read
Editorial

U.S. Self-Interest Crucial To The ICC’s Pursuit Of International Justice

THE INTERNATIONAL CRIMINAL Court (ICC) became the arbiter of international justice when it brought to justice President Charles Taylor for…

4 Min Read
Hot Pepper Liberia

News

  • World
  • Travel
  • Opinion
  • Science
  • Technology
  • Fashion

Technology

  • Innovate
  • Gadget
  • PC hardware
  • Review
  • Software

Health

  • Medicine
  • Children
  • Coronavirus
  • Nutrition
  • Disease

Culture

  • Stars
  • Screen
  • Culture
  • Media
  • Videos

More

  • World
  • Advertise

Subscribe

  • Home Delivery
  • Digital Subscription
  • Games

Β© Hot Pepper Liberia. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on February 8, 2024 by