The Bank of Sierra Leone has rebuffed an article in the ‘We Yone’ newspaper which alleged that the former Bank Governor, Dr James D. Rogers, left that institution in a financial scam of over 10 billion Leones.
A press release issued by the bank’s Public Relations Officer, Beresford Taylor, stated that, “we note with grave concern an article published in the ‘We Yone Newspaper’ of Monday 17th September 2007 under [the headline]: “Where is the Bank Governor? As Bank of Sierra Leone in over 10 billion deficits.”
The PRO went on: “may it be noted that the aforementioned headline and story are untrue and baseless. While not alluding to an intention to deliberately mislead and or destabilize the economy or the financial sector, we are concerned that this article has the potential, to do so.”
“However, the nature of the claims made and the inaptitude of the editor in relation to his knowledge of banking procedures as contained in the article, clearly shows that he is ignorant of the principles and concepts that underpin the operations of the banking sector and the central bank in particular,” he noted in the release.
The PRO went on, “suffice it to state that, the author’s failure to be guided by knowledge, which for all intents and purposes could have been acquired by a simple cross check of facts with the bank, as journalistic practice demands, is an indication of his determination to publish not only that which is false but bent on threatening the stability and sanity of the financial sector.
In view of the ignorance displayed in the article, it is apparent also that the writer is ignorant of the potential consequences of his action”.