12/28/2025
PUBLIC ALERT
CBL WARNS THE PUBLIC AGAINST BAYTEX AND ANY UNLICENSED DIGITAL SUSU OPERATORS
(December 27, 2025 Monrovia, Liberia): The Central Bank of Liberia (CBL) hereby issues an unequivocal warning to the general public to CEASE AND DESIST from doing business with an entity operating under the name BAYTEX, which is representing itself as a “digital susu” and investment platform.
The Central Bank of Liberia states categorically that BAYTEX IS NOT LICENSED, REGISTERED, OR AUTHORIZED to operate as a financial institution neither has CBL approved Liberia Digital Susu as a product, investment platform, or mobile money–related service provider in Liberia.
CBL further clarifies that it is NOT AWARE OF ANY LEGALLY LICENSED DIGITAL SUSU GROUP that guarantees so-called “safe trading” or promises fixed or average returns of 8–16 percent, as claimed by BAYTEX.
In a flyer circulated on-line, BAYTEX is soliciting members of the public to deposit funds—starting from LRD 1,000—through Lonestar Cell MTN Mobile Money and Orange Money, while making false and misleading claims that customers’ funds are “protected” using blockchain technology with a 100 percent guarantee and that a team of “licensed traders,” supported by AI tools, manages customer funds safely.
The Central Bank of Liberia HAS NEVER LICENSED BAYTEX or Liberia Digital Susu as a financial product, and strongly warns that any entity making guaranteed return claims is operating outside Liberia’s financial laws and regulations.
The public is also informed that while the CBL has recently launched the Interoperable Instant Payment System (IIPS)—which integrates Lonestar and Orange mobile money platforms—this does NOT constitute approval, endorsement, or licensing of third-party groups or investment schemes using these platforms.
“The Central Bank of Liberia strongly advises the public to always seek verification directly from the Bank before engaging with any group or individual claiming to offer financial or investment services, said CBL Executive Governor, Henry F. Saamoi.
“Any institution not licensed by the CBL poses a serious risk to the public’s hard-earned money,”added Governor Saamoi.
CBL urges all citizens and residents to remain vigilant, exercise extreme caution, and report suspicious financial schemes immediately.
DO NOT TRANSACT WITH UNLICENSED GROUPS. PROTECT YOUR MONEY. VERIFY BEFORE YOU INVEST.
Any member of the public who has encountered any such suspicious schemes should report them immediately to the Central Bank of Liberia by contacting the CBL through its official page and hotline numbers: 0887 367 539 or 0772 289 013.
Source: Central Bank of Liberia -CBL
