Deo Delaney, President/CEO of the Liberian Bank for Development & Investment (LBDI), and the Bank’s Executive Management Team have emphatically rejected rumors recently posted on Facebook and shared across various social media accusing the institution of chartering an aircraft that transported Finance Minister Samuel Tweah and his wife to Turkey.
It was widely speculated recently in Liberia that the LBDI last week chartered a flight to transport Hon. Samuel Tweah, and his wife to Turkey after they sustained injuries in a car crash between Lofa and Bong County.
LBDI said it did not booked a private plane nor did the Bank pay for commercial airline tickets for Hon. Tweah, Liberia’s Minister of Development Planning and the Chair of the Bank’s Board of Directors.
According to the bank these allegations are not only ‘false and misleading’ but has to damage the reputation of the Bank and sow suspicion among LBDI’s affiliates as the Bank takes strategic steps to repair its reputation and recover lost revenue after a five-year period of record drawdowns in investments, earnings and our total number of depositors.
“A team of disciplined and experienced professionals now manage the operations of LBDI. They are each cognizant of the weight that comes with the responsibility of managing depositors’ funds. So, we do this with the utmost integrity and prudence”, Mr. Delaney added.
He added that LBDI is ensuring the rapid implementation of its aggressive Non-Performing Loan (NPL) recovery program that aims to recoup nearly $20 million in bad debt borrowed by 25 various Liberian individuals and institutions.
Mr. Delaney furthered that the management of LBDI will remain focused on these priorities, confident and expectant, as the Bank redeploys to make a positive difference in the lives of the Liberian people and economy.
The Liberian Bank for Development and Investment (LBDI), the county’s largest and only development finance institution, was created by an Act of the National Legislature in 1961.
Since 1988, it has also acted as a commercial bank.
