House Committee Orders LBDI To Fix Banking System

The House of Representatives Committee on Banking and Currency has ordered the Liberia Bank for Development and Investment (LBDI) to upgrade its banking system to resolve ongoing salary payment irregularities affecting employees of the Booker Washington Institute (BWI).
The directive comes in response to growing frustration among BWI staff over inconsistent salary alerts and unexplained discrepancies in their bank balances.
During a recent hearing, the committee urged LBDI and BWI to work closely to ensure that salary payments are processed accurately and on time.
Committee Chairman Anthony Williams emphasized the importance of a reliable and transparent banking system.
He also called on BWI to implement employee pay slips as an additional safeguard to ensure staff members have a clear record of their earnings, despite receiving salary alerts from LBDI.
BWI Principal, Nancy T. Freeman, testified before the committee, revealing that the institution had engaged LBDI multiple times regarding the issue.
She noted that while LBDI previously assured BWI that the problem had been addressed, it resurfaced in January 2025, leading to unrest among staff on campus.
Representatives from LBDI, including Christian N. Allison and Comptroller General P. Blama M. Siryon acknowledged the banking system glitch.
They assured lawmakers that corrective measures had been taken and that the issue would not recur.
The committee reaffirmed its commitment to ensuring that financial institutions provide efficient and transparent services, particularly in handling salary payments for both public and private sector employees.
The committee recommended ongoing monitoring to prevent future disruptions and maintain confidence in the banking system.