LBDI Accepts Delaney’s Resignation; Appoints Mark Akwenah Nyeamene Acting CEO

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The Liberia Bank for Development and Investment (LBDI) has accepted the resignation of its new President/CEO, Deo Z. Delaney, after it was observed that there were inaccuracies in the academic qualifications he supplied to the recruitment firm. The bank has appointed Mark Akwenah Nyeamene, Jr., the General Manager/DCEO, as Acting President/CEO.

   According to a LBDI release, “In December 2021, the Board of Directors (Board) 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 Mr. Deo Z. Delaney as a suitable candidate for the position, following which the Board selected Mr. 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, Mr. Delaney has tendered his resignation, which has been accepted by the Board.”

   The release noted, “Effective December 6, 2022, the Board has designated Mr. 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 recruiting a new President/CEO.

   “The Board assures the general public, particularly our customers, our shareholders, our potential investors and all other stakeholders, that LBDI remains strong in its operations and that 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.”

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