The Managing Director of the Liberia Telecommunications Corporation (LibTelCo), Mr. Sebastian Muah, has resigned.
His resignation comes in the wake of a newspaper report that he owns 10 percent share in a casino business in Bangui, the Central African Republic.
The Liberian Government has launched an investigation into the allegation, and Muah has rejected the report as false and misleading.
In a purported communication to the Board, Muah said his resignation comes in the wake of revelations of poor judgement exhibited in a series of email exchanges with the editor of FrontPage Africa.
“For this as a leader and professional, I apologize to the President, the Board of Directors and the Liberian people. Like I did when called upon by the Justice Ministry, I will make myself, my records and whatever is required available upon request to the authorities on the allegations of me investing $250,000 into a casino in Central Africa Republic. I hope we can accelerate this so that my name is cleared and both the country and myself can move on,” Muah is reported to have said.
Continuing, Muah said, “While my income would afford such an investment, I did not invest $250,00 into a casino. All I did was loan my cousin, a Liberian, $32,000 behind his idea to get a casino license in Bangui, which he later offered to convert into an equity stake from his shares.”
He stated that his decision is in the best interest of the country and government under immense pressure in recent times as it relates to the perception of graft and corruption. “This final year of this administration is NOT the time for further distractions and I do not intend to be part of such distraction that will essentially render me ineffective,” Muah is quoted in a communication that made the rounds of the Internet.
Meanwhile, LibTelCo sources have intimated to Capitol Times that Muah has been in a long-drawn battle with some his deputies who had been angling for his job. According to our source, Muah had made known his intention to resign and move into the private sector a while ago.
“One of the deputies even had the audacity to move into Muah’s office when he went on vacation to visit his family in the States,” our source stated.