By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Libya’s central bank reopens following the release of an abducted official.
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Libya’s central bank reopens following the release of an abducted official.
News

Libya’s central bank reopens following the release of an abducted official.

Ivy Irungu
Last updated: August 20, 2024 6:43 am
Ivy Irungu
11 months ago
Share
SHARE

Libya’s central bank (CBL) has resumed operations following the release of a bank official who had been abducted from his home. The CBL confirmed that Musaab Msallem, head of the bank’s information technology department, was taken on Sunday by an “unidentified party” from the capital, Tripoli. Other bank employees had also faced kidnapping threats.

The CBL had suspended all activities, refusing to reopen until Mr. Msallem was safely returned. In a brief statement on Monday afternoon, the bank announced it was back to normal operations after Mr. Msallem was released and declared “safe.”

The central bank, which is independent but state-owned, is the sole internationally recognized depository for Libyan oil revenues, a crucial economic resource for a country long divided between rival governments in Tripoli and Benghazi.

Msallem’s abduction follows an incident a week earlier when the central bank was besieged by armed men, according to AFP news agency. Local media reports cited by AFP indicated that the armed men sought to force the resignation of the bank’s governor, Seddik al-Kabir. Mr. Kabir, who has been in office since 2012, has faced criticism over the management of oil revenues and the state budget.

READ MORE  EACC warns against fraudsters issuing fake integrity clearance certificates

On Monday, Mr. Kabir met with British ambassador to Libya, Martin Longden, to discuss “the increasing threats to the security and safety of the central bank, its employees, and its systems,” according to a CBL statement.

Since the ousting and killing of Libyan leader Muammar Gaddafi in 2011, Libya has endured chronic insecurity. The country remains divided by power struggles, with two governments: a UN-recognized one in Tripoli and another in the east, backed by warlord General Khalifa Haftar.

Employers face 2pc fine on housing levy defaults
More pain for Tanzanians as fuel prices increase
Boniface Mwangi urges demonstrators to occupy Parliament, not the State House.
Former president of Botswana appears in court after returning from self-imposed exile.
Police decline Azimio’s request to hold Monday protests over late notice
Share This Article
Facebook Email Print
Previous Article Thirteen people have died in the Eldoret-Nakuru traffic disaster.
Next Article Experts urge public participation as contentious agricultural measures emerge.
about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Former President of Nigeria Muhammadu Buhari is dead
  • Breaking Done Deal: Formal West Brom standout Remains Unsigned And Has Decided To Stayed
  • West Brom’s most expensive signings of all time, Aune Heggebo’s £4.7m move doesn’t even come close
  • Bill Gates’ net worth plunges $51 billion as his philanthropy ramps up
  • Eto’o missing as Lamine Yamal names his all-time Barcelona best XI

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?