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LBDI distances from purported list

 The Liberia Bank for Development and Investment (LBDI) disclaims and disassociates itself from a list circulating on social media and in other media outlets in the country, purportedly naming delinquent borrowers of the bank.

In a press release issued here on Thursday, 15 December under the signature of Acting President Mark Akwenah Nyeamene, Jr, LBDI asks the public to disregard and refrain from attributing the list to it.

LBDI respects the confidentiality requirement of a financial institution and shall at all times use appropriate legal remedies available under the laws of the Republic of Liberia in pursuing defaulting borrowers”, the release reads.

The Bank says it disapproves of dissemination of what it terms a fabricated list of defaulters, as it has at no time issued or caused to be issued such a list.

LBDI calls on the general public and media institutions as well as social media platforms not to accord the said list any relevance as it has no association with the bank.

The bank warns that it would not hesitate to take legal action against any person or media outlet that engages in the mischievous conduct of associating its name with such publications.

“LBDI herby assures the general public that the accounts and any account information of its customers remain confidential at all times and subject only to the Central Bank of Liberia and other legal requirements”, the release adds.

The publication of the said purported list followed recent alarm raised by United States Ambassador to Liberia, Michael McCarthy, about persons, some of them high profile individuals, being indebted to the country’s only investment and development bank that has operated for several decades. Press Release

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The New Dawn is Liberia’s Truly Independent Newspaper Published by Searchlight Communications Inc. Established on November 16, 2009, with its first hard copy publication on January 22, 2010. The office is located on UN Drive in Monrovia Liberia. The New Dawn is bilingual (both English & French).
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