Yes, to have no slip conditions, you may have LIUBOR and LIVBOR = 0 for relevant nodes. However, depending on the mesh size, this is not very good. Think that near a wall you have a logarithmic velocity profile and that finite elements will do a linear interpolation between wall and nearby inner points, which is not very logarithmic. So unless you have very very small elements, some friction is better than a no slip condition that may slow down the flow.
Another point is that whatever the velocities that you see on solid boundaries, there is no continuity problem. The flux across solid boundaries injected in variational formulation is really zero, so no wall will contribute to a flux of water. This is a little bit difficult to understand when you see some velocities slightly across a solid wall, but this normal flow is discarded. This is the effect of a weak formulation as opposed to a strict "no normal flow" condition. Velocities across solid walls give you however an idea of local errors due to discretization.
With best regards,
Jean-Michel Hervouet