Liberia's Taylor submits resignation

President Charles Taylor submitted his resignation in favour of his vice president as throngs cheered the first West African peacekeepers to enter Liberia’s besieged capital, Monrovia.

Vice President Moses Blah said the handover is planned for Monday, but rebel leaders warned that they will not allow any ally of Taylor’s to hold power while the war-torn country tries to find a way out of 14 years of bloodshed.