US$300K Part of US$1.2M Stolen from Bank

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The First International Bank (Liberia) Limited (FI Bank) has clarified media reports in connection with the theft of US$300,100 at its branch in Ganta, Nimba County.

The clarification comes against the backdrop of a back page report in the March 18, 2015 edition of this newspaper, captioned US$300K Theft at FI Bank in Ganta – Again.

FI Bank quotes this paper as saying, “Less than four months after 10 employees of the First International Bank (FIBank) were charged with stealing US$1.2 million from the bank, four other employees have been arrested for reportedly stealing US$300,100, this time from the bank’s branch in Ganta, Nimba County”

The Daily Observer had cited Police spokesman, Sam Collins, as making the disclosure of the information at a news conference, indicating that the employees were arrested on February 7, 2015 by the Major Crimes Investigation Department.

However, FI Bank Management clarified that the US$300,100 issue at Ganta, as indicated in the media report, is not a separate amount, but is inclusive of the original US$1.2 million stolen from the bank in 2012, “a case that is currently on docket at the Criminal Court “C” at the Temple of Justice, and is not virtually a new issue as reported by the papers.”

“FI Bank believes the media can play a positive role in our service to the community, by clarifying issues sensitive to the public.”

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