Tuesday, February 13, 2018
LADIES AND GENTLEMEN OF THE PRESS;
On behalf of the Body of Commissioners and the entire LACC family, It is my distinguished honor to welcome you at the offices of the Commission.
We have invited you once again because our institution has been drawn into the limelight by a publication in the Tuesday, February 13th edition of the Front Page Africa Newspaper. Even more disturbing is the fact that the publication anchored on an internal email exchange between the Vice Chairperson and the Executive Chairperson of the LACC.
We confirm that such exchange took place and invited Clr. Toe to a meeting along with the documentation and evidence to support his claims. After a meeting with me in which we strongly rejected, refuted and denied his claims, we agreed that we will continue to work as a team and an institution to deliver on our mandate.
At no time have we engaged in a reckless nor clandestine mismanagement of LACC’s finances nor have manipulated our administrative processes.
The LACC business process has always been open to the public. We have been submitting quarterly and annual financial reports in conformity with the Public Financial Management law. We have also submitted Budget Performance Reports to the National Legislature. The Commission has been audited by GAC for a three year period and the Financial System of the LACC was assessed by “Moore Stevens”. Again, we are open and ready for an audit of our financial records. That is why, we have invited the GAC to conduct an Audit of our Financial Records and we believe that this Audit should be well underway.