Home » LACC Flags Widespread Asset Underreporting

LACC Flags Widespread Asset Underreporting

By: Kruah Thompson

Monrovia, March 12, 2026; The Liberia Anti-Corruption Commission (LACC) has uncovered widespread unreported assets after reviewing 2,430 asset declarations submitted by public and private officials between 2023 and 2024.

LACC Executive Chairperson Cllr Alexandra K Zoe revealed that many of the officials who submitted their declarations were not fully accurate or transparent in reporting their holdings.

She claimed that multiple instances were identified where declared assets did not align with actual ownership, leading to the discovery of significant underreported assets.

“We have conducted thorough investigations, and our findings show that many of those who submitted declarations were not fully accurate or sincere with their asset disclosures,” said an LACC spokesperson. “We are now calling these officials back to explain why their declarations were incomplete. Lying under oath is a crime under the law, and violators will face legal consequences.”

When asked about the number of officials who underdeclared their assets and the methods used to detect discrepancies, the spokesperson declined to comment on the issue and instead provided updates on ongoing developments at the LACC.

Speaking recently at the Ministry of Information, the Chairperson noted that, following a presidential directive, 90.1 percent of officials submitted their declarations, and by mid-year, approximately 75 to 80 percent of all declarations had been completed. However, she emphasized that the ultimate goal is to reach full compliance by the end of 2026.

To achieve this, she said the LACC has begun sending reminder messages to officials who have yet to declare their assets, warning that this will be the final deadline. Afterward, the Commission will recommend to the President the appropriate actions against non-compliant officials.

“For 2026, the LACC has stepped up awareness campaigns and engagement with public officers to ensure asset declaration compliance. Personalized reminders are being sent, and officials who fail to declare will have their names published once the new regulations are issued,” the spokesperson added.

She also outlined plans to sensitize incoming public officers as they assume government positions. A baseline of 2,812 officials has been established, covering elected and appointed officials, as well as employees involved in procurement, licensing, and contracting decisions.

Meanwhile, the LACC Chairperson emphasized that these measures are intended to strengthen transparency, accountability, and the fight against corruption across all levels of government.