Author: FPA Staff Reporter

Monrovia – Sources at the Central Bank of Liberia (CBL) have confirmed that SIB Bank is liquid and compliant with all banking regulations in the country. This statement comes in response to a recent local daily report titled, “US$2 Million Given SIB in Limbo?” The source revealed that during the acquisition of the license, the now-defunct First International Bank Liberia Limited (FIBLL) was undergoing liquidation. To prevent damage to the banking industry from a potential collapse, the CBL entered into an arrangement with SIB Liberia Limited, enabling SIB to take on a significant portion of FIBLL’s assets and liabilities. According…

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MONROVIA – President Joseph Nyuma Boakai campaigned on promises to bring relief to his fellow Liberians, who viewed him as a veteran statesman capable of delivering the change they longed for. Under the Coalition for Democratic Change government, numerous public officials faced sanctions from the United States for alleged corruption, and reports of massive graft were rampant. The government was criticized for appointing incompetent partisans to public offices. Citizens were frustrated and weary of seeing their fellow Liberians die mysteriously without any actions taken.

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MONROVIA – Local shareholders are alleging that INVESTCOM/LLC’s refusal to recognize their rights is based on discrimination against Liberians, whom the company profiles as “poor and low-level,” according to a report available to this paper. The shareholders find this troubling, considering that Investcom/MTN makes millions of dollars and benefits from having these Liberians as shareholders.

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MONROVIA — The former standard bearer of the Liberian People’s Party (LPP) and his party have taken a swipe at Joseph Boakai, accusing the Liberian president of violating Liberia’s Public Financial Management (PFM) Law of 2009, when he reportedly requested and received $80K from the National Social Security and Welfare Corporation (NASSCORP) to purchase vehicles while former President George Weah was still the President of the Republic of Liberia.

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