Liberia: LBDI Refutes Bankruptcy Claims

15 January 2014

By Morrison O.g. Sayon

The Management of the Liberian Bank for Development and Investment (LBDI) says its attention has been drawn to publications in the Monday, January 13, 2014 editions of the News and Concord Times Newspapers under the captions " Near Insolvency: Serious Financial Crisis Hits LBDI' and "LBDI on verge of Insolvency?" respectively.

Addressing a major news conference yesterday in Monrovia, the President of LBDI, John B.S. Davies, said the articles with numerous paragraphs verbatim appeared to have planted adverts loaded with a barrage of misinformation intended to cause panic and create confidence crises by causing a run on the Bank.

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