LDBI Disassociates from Defaulting Borrowers’ List -Threatens to Take Legal Action…If

MONROVIA – Against the backdrop of the public sphere and social media milieu being recently inundated with a laundry list of alleged borrowers whose default on their loan payment is incapacitating the Liberian Bank for Development and Investment (LBDI) from being financially operational, the LBDI has disassociated itself from such list, and is asking the public to disregard and refrain from attributing the list to the bank.

Making its position known on Thursday, 15 December 2022 in a press statement, the LBDI said its attention is drawn to a list that is being circulated via social media, radio talk shows, and other related platforms, purportedly naming delinquent borrowers of LBDI.

“LBDI hereby disclaims and disassociates itself from the said list and asks that the public disregard and refrain from attributing the list to LBDI.

“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. LBDI disapproves of the dissemination of a fabricated list of defaulters as the Bank has at no time issued or caused to be issued such a list. The Bank 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 release stated.

The Bank further assured the general public that the accounts and any account information of its customers remain confidential at all times subject only to the Central Bank of Liberia and other legal requirements

LBDI will not hesitate to take legal action against any person or media outlet which engages in the mischievous conduct of associating the Bank’s name with such publication,” the release signed by LBDI Acting President Mark Akwenah Nyeamene, Jr. warned.

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