https://arab.news/npshx
- Central Bank is the repository for billions of dollars annually in oil revenue as well as foreign reserves
TRIPOLI: Libya’s central bank said on Monday it was resuming its operations following the release of a bank official who had been abducted earlier.
The Central Bank of Libya stated that it was “resuming operations” after the release of Musab Msallem, its head of information technology, “and his safe return.”
Msallem was abducted from his house on Sunday morning by an “unidentified group,” the bank had said, adding it would “suspend all operations” until his release.
The bank had also called for an “end to these practices” and blamed “unlawful parties” that “threaten the safety of its employees and the continuity of the banking sector’s work.”
BACKGROUND
Musab Msallem’s abduction came a week after the central bank’s headquarters in Tripoli was besieged by armed men before they dispersed.
Msallem’s abduction came a week after the central bank’s headquarters in Tripoli was besieged by armed men before they dispersed, according to reports.
Local media said they did so to force the resignation of the bank’s governor, Seddik Al-Kabir.
Seddik Al-Kabir. (Supplied)
Since 2012, Al-Kabir has faced criticism — including from figures close to Prime Minister Abdul Hamid Dbeibah — over the management of Libya’s oil resources and the state budget.
During a meeting last week in Tunisia with US Ambassador to Libya Richard Norland, Al-Kabir said there were “growing threats to the security” of the bank and its employees.
In a post on X, Norland later said that attempts to oust Al-Kabir were “unacceptable” and warned that replacing him “by force can result in Libya losing access to international financial markets.”
Norland said the confrontation in Tripoli “highlights the ongoing risks posed by the political stalemate in Libya.”
Home to 6.8 million people, Libya has struggled to recover from years of conflict after the 2011 uprising.
It remains divided between a UN-recognized government based in the capital, Tripoli, and led by Dbeibah, and a rival administration in the east, backed by military leader Khalifa Haftar.
Although relative calm has returned in recent years, clashes still periodically break out between Libya’s myriad armed groups.
Msallem’s abduction came as rising tensions between rival factions have stirred fears of a broader escalation in recent weeks.