2024 Audit Report: SLCB Issued Over NLe356.58 Million in Unsecured Loans
Freetown, 9th January 2026- The Sierra Leone Commercial Bank (SLCB) is facing renewed calls for tighter risk controls after the 2024 Auditor General’s Report revealed that the institution had issued loans totalling NLe356,579,171.71 without collateral as of 31st December 2024. The findings raise serious concerns about credit risk exposure and the bank’s internal safeguards in managing public and private funds.
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