MONROVIA – The Liberia Anti-Corruption Commission (LACC) has intensified its investigation into Madam Rostalyn Suacoco Dennis, the suspended President and CEO of the National Oil Company of Liberia (NOCAL), over allegations of financial mismanagement. The probe focuses on the acquisition of a luxury SUV at an allegedly inflated cost of $75,000 and other questionable expenditures during her leadership between July and December 2024.
Dennis, accompanied by her legal counsel, Cllr. Jonathan Massaquoi, appeared before investigators on Monday. She arrived at the LACC headquarters with two vehicles linked to the inquiry, responding to mounting scrutiny over her handling of NOCAL’s resources. The LACC’s investigative team has begun a thorough examination of her financial activities to determine the extent of possible violations.
President Joseph Boakai had earlier instructed Dennis to return all NOCAL assets while the investigation proceeds. After undergoing questioning, Dennis was expected to facilitate the transfer of the vehicles to NOCAL’s offices. However, instead of complying, she and her legal team diverted to their law firm, a move that raised concerns about potential attempts to withhold evidence.
The vehicles were eventually delivered to the LACC, where they are being held as critical evidence in the ongoing case. The commission has vowed to conduct a transparent inquiry and assured the public that updates will be provided as the investigation unfolds.
