Monrovia, Dec. 29 -- The Central Bank of Liberia (CBL) has issued a stern warning to the public to cease and desist from transacting with BAYTEX, an entity presenting itself as a "digital susu" and investment platform.

In a formal statement, the CBL clarified that BAYTEX is neither licensed, registered, nor authorized to operate as a financial institution in Liberia. The Bank further emphasized that it has not approved Liberia Digital Susu as a product, investment platform, or mobile money-related service provider in the country.

The CBL disclosed that it is not aware of any legally licensed digital susu group that guarantees so-called "safe trading" or promises fixed or average returns ranging between 8 and 16 percent, as claimed by BA...