The Liberia Bank for Development and Investment or LBDI has turned over a newly constructed edifice to the Faith Assembly of God Church on 17th street in Sinkor, Monrovia.
According to the President of LBDI, John Davis, the project cost over One-Hundred and Twenty-Five United States Dollars (US$125,000. The Faith Assembly of God Church – now located on the 17th street in sinkor, was formerly on 9th Street in Sinkor, adjacent the headquarters of the Liberia Bank for Development and Investment.
The LBDI is reported to have engaged the Church – a branch of the Assemblies of God Church in Liberia, for relocation because the property was ideally located for the construction of the bank’s (IT) base offices. The bank had wanted its IT offices close to headquarters. The negotiations surrounding the process lasted for three years, following which the project was done in ten months.
Authorities of the Church, in a statement during the official dedicatory and turn-over service, described the process as an exchange of properties and not a sale of property as reported in some quarters.
The Church also indicated that such an event was an indication that every institution needed the other for the betterment of the society and its people.
The LBDI President, John Davies, lauded the Church for its cooperation from the initiation of the process to its finish. Mr. Davies also expressed gratitude to the 17th Street community for the receptive role played during the entire process.
The dedicatory service was graced by hundreds of Assemblies of God members, along with some present and former government officials.
By Jeff D. Jefferson (UL)-Edited by George Barpeen