Monrovia – The coffers of two major commercial banks operating in Liberia, SIB Liberia Limited and International Bank Liberia Limited, are said to be drying out, prompting customers to seek withdrawals, FrontPage Africa has gathered. By Gerald C. Koinyeneh, [email protected]SIB Liberia LimitedSIB Liberia, owned by a Ghanaian millionaire, has recently made headlines for all the wrong reasons. We were confronted a forth night ago by some citizens of the difficulties in getting withdrawals at your bank. To this effect, we have conducted an inquiry into said insolvency that has got in our procession a bail out of US$8 Million (EIGHT MILLION UNITED STATES’DOLLARS by the CBL). The Board of Governors of the CBL passed a resolution on May 17 authorizing the payment of US$8 million.

Source: Front Page Africa August 09, 2024 00:35 UTC