Leaders within the sub-region are now considering their relationship with the Libyan government and how the demise of Muammar Gaddafi would affect the northern African country’s plans for investment in the region.

At least one senior economist is not falling in line with all those who are expressing hope that the worst has passed for the local banking sector with the Eastern Caribbean Central Bank’s intervention into the struggling Antigua and Barbuda Investment Bank (ABIB).

A founding member and former director of the Antigua and Barbuda Investment Bank (ABI Bank) is calling for the removal of the bank’s board of directors during an emergency meeting slated for this afternoon.

Unlike two years ago with the Eastern Caribbean Central Bank (ECCB) intervention at Bank of Antigua (BOA), there were no customers pressing toward the doors of the Antigua and Barbuda Investment Bank (ABIB), trying to save their cash and fearing an eventual collapse.

The political leader of the opposition Antigua Labour Party (ALP), Lester Bird, has called on Antigua and Barbuda Investment Bank (ABIB) depositors to remain calm and offered his support of the “necessary” intervention.

Former Antigua & Barbuda Investment Bank (ABIB) Ltd employee, Chalicea Phillip’s 76-count indictment for embezzlement of $172,000 was yesterday reduced after she pleaded guilty to 22 of the allegations with regards to the sum of $66,500.

Former President of Antigua & Barbuda Netball Association (ABNA), Yvette Francis, is remaining silent as it pertains to her decision to pull out of the association’s presidency race during general elections last Thursday.