President Boakai Issues Executive Order #126 Forming Task Force And Office Of Assets Recovery

MONROVIA – Executive Order #126 for the recovery and return of national assets has been issued by H.E. President Joseph Nyuma Boakai, with immediate effect, in an attempt to reestablish the legitimacy, accountability, and transparency of the governing process.
In order to establish the required legal framework for the recovery of assets that current and former government officials have unjustly acquired, the order creates an Assets Recovery Task Force and an Office under the Minister of State for Special Services. According to President Boakai, the purpose of the directive is to collect, retrieve, restore, and reinstate fixed and liquid assets from both inside and outside of Liberia that dishonest government employees and officials who were given positions of trust have turned to private use.

The goal of the decision is to address the worrying tendency of public officials using their positions of authority to transfer public assets to private use.
The Task Force is empowered to recover government property that was obtained improperly, locate and track down any pilfered or suspect property both inside and outside of Liberia, set up an investigative panel, and assemble a strong legal, investigative, and research team in order to gather concrete proof. Along with conducting investigations into stolen and suspicious assets, it is also necessary to file criminal charges and bring civil lawsuits on behalf of the government, return confiscated assets to Liberia after decisions are made, and impose travel and other restrictions on everyone who has been identified as a suspect.

It is recommended that the Task Force use diplomatic and Interpol channels to extradite persons who have been identified as suspects but are not under Liberia’s jurisdiction, placing them under the purview of the investigation team.
Additionally, President Boakai stressed that the Task Force ought to seize assets from private parties that have unlawfully acquired government property.
With immediate effect, the Ministry of Finance and Development Planning is required to distribute and allot money in accordance with the budget that has been submitted for the complete execution of this task.

According to the Executive Order, the General Services Agency, the Ministry of Justice, and other security agencies will fully cooperate with the Task Force, which will have a chair and a co-chair. Considering the seriousness of the situation and the necessity of promptly restoring lost assets to maintain economic sustainability and progress, President Boakai noted that issuing the Executive Order is essential to avoiding the drawn-out legislative process that could scuttle the asset restoration process.

He stressed how crucial it is to recover and return to the Liberian people any public assets that were unlawfully taken and used for private gain, and to ensure that those responsible are held accountable through the application of relevant laws that allow for confiscation through criminal investigations and legal proceedings.
Since taking office on January 22, 2024, the President has issued Executive Orders, the first of which is Executive Order #126.

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