The Liberia Basketball Association (LBA), has broken silence on allegation that the Association’s President, J. Rufus Anderson, secretly withdrew over US$14,000 from the LBA’s bank account.
According to a statement issued yesterday in Monrovia, the local basketball house firstly clarified that its President did not singlehandedly make withdrawal from the institution’s account as it is being alleged. The Association noted in its statement which was signed by its Communication Consultant, D. Webster Cassell, that every financial transaction at the local basketball house is done in observance of the institution’s existing regulations.
The local basketball house also rejected claims that its President reportedly used the Association’s money for campaign-related activities.
The LBA at the same time has rubbished claims that funds withdrawn was not expended as per line items. The basketball house maintains that it has conducted itself within the confines of its regulations. However, the LBA has also warned against people bringing the institution to public disrepute.
Additionally, the LBA has indicated that at the appropriate time it would submit a full expenditure report, detailing to the Executive Committee, how the funds in question was expended.
“The Association is aware of all financial standard procedures and will insist and ensure that all financial dealings are kept in line with the Association’s regulation,” the release is quoted as saying.
“For the record, the Association has three signatories to its bank account with the president serving as A, while the Secretary General and Treasurer serve as B-B. If money is withdrawn on two signatories, that shouldn’t be considered a violation,” the LBA noted.
The Association stated further that it is unacceptable and takes serious exception to any attempt to run the affairs of the entity in the press without taking advantage of the existing protocols at their disposal.
Meanwhile, the Liberia Basketball Association (LBA) says it would not get distracted by the ongoing propaganda targeted at its president, and warned against any attempt intended to tarnish the respectable image of the LBA.