CAPITOL HILL, Monrovia – Amara Konneh of Gbarpolu County has described Tuesday’s sitting of the Liberian Senate as both intense and historic, highlighting robust debates on land disputes and the passage of a major financial reform law aimed at strengthening the country’s banking sector.
In a statement issued Wednesday, March 4, 2026, Senator Konneh reflected on the March 3 session, noting that lawmakers confronted mounting public concerns over land ownership, eviction, and demolition across parts of the country.
“Yesterday, we had an engaging session at the Senate, where we debated pressing issues related to land, eviction, and demolition,” Konneh said, underscoring the gravity of disputes that have recently sparked tension in several communities.
Beyond the land debate, the Senate also enacted the 2026 Central Bank of Liberia Financial Institutions Holding Act, legislation that updates the 1999 banking laws. Konneh characterized the move as a significant step forward in modernizing Liberia’s financial regulatory framework.
“We also celebrated a significant step forward with the enactment of the 2026 Central Bank of Liberia Financial Institutions Holding Act, which updates the 1999 laws to enhance regulatory measures,” he stated.
According to the Gbarpolu lawmaker, the new Act introduces tighter oversight provisions, particularly in areas of high risk financial activity. “Among other regulations, this new legislation strengthens CBL and FIA’s customer due diligence for high risk and cross border transactions, thereby boosting the CBL’s regulatory framework and aligning with the GOL’s IMF Program commitments,” Konneh explained.
The reform is widely seen as part of Liberia’s broader effort to meet international financial standards and fulfill commitments under its ongoing program with the International Monetary Fund. Strengthened due diligence measures are expected to improve transparency, curb illicit financial flows, and reinforce confidence in the banking sector.
Konneh extended appreciation to Senate leadership and his colleagues for their support during the session. “A hearty thank you to President Pro Tempore, Chairman Jallah, the Banking Committee which I co chair, and all colleagues for their unwavering support during this productive session,” he added.
