LBDI President Deo Delaney Resigns ‘Over Academic Fraud’
In December 2021, the Board of Directors of the Liberian Bank for Development and Investment(LBDI) engaged the services of a recruitment firm to search for suitable candidates for the position of President/CEO of LBDI.
That exercise identified Deo Z. Delaney as a suitable candidate for the position, following which the Board selected Delaney as President/CEO.
It has however come to the attention of the Board that there were inaccuracies in the academic qualifications supplied to the recruitment firm. As a result of this anomaly, Delaney has tendered his resignation which has been accepted by the board.
Effective December 6, 2022, the Board has designated Mark Akwenah Nyeamene, Jr. the General Manager/DCEO, as Acting President/CEO of LBDI. The public is encouraged to accord Mr. Nyeamene the due courtesy in the performance of his duties while the Board takes the next steps to recruit a new President/CEO.
The Board assures the general public, particularly our customers, our stakeholders, our potential investors, and all other stakeholders, that LBDI remains strong in its operations and that the depositors’ funds are safe and secure. Also, LBDI continues to retain a competent and highly dedicated workforce to deliver the excellent banking services it is known for.