President Boakai Suspends National Oil Company Of Liberia (NOCAL) President/Chief Executive Officer (CEO) Pending Investigation

2025-02-09 05:00:32

(MENAFN- APO Group)

President Joseph Nyuma Boakai, Sr., has, with immediate effect suspended the President/Chief Executive Officer (CEO) of the National Oil Company of Liberia (NOCAL), Madam Rostalyn Suakoko Dennis.

The President's decision follows a resolution of the Board of Directors of NOCAL recommending Madam Dennis' suspension and an investigation into the allegations.

Madam Dennis has been ordered to turn over all government properties in her possession to the interim team headed by Mr. Fabian Michael Lai, NOCAL's Vice President for Operations, who will assume interim oversight of the Company's operations.

The Government of Liberia remains committed to transparency, accountability, and good governance in all sectors, particularly in the management of the country's natural resources.

An investigation of the allegations against Madam Dennis has been ordered.

Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.

MENAFN09022025004934011406ID1109185131

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.