CBL to release $750 M LCs for January imports pending 2017 budget approval
Jan 16 Sami Zaptia

CBL to release $750 M LCs for January imports pending 2017 budget approval

By Sami Zaptia.London, 16 January 2017: The Tripoli-based Central Bank of Libya (CBL) is to release US$ 750 million in the form of Letters of Credit (...

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Aug 4 Sami Zaptia

Audit Bureau meets NOC and southern Mayors in effort to solve oil and electricity bottlenecks

By Sami Zaptia.The Tripoli-based Audit Bureau met with the NOC and southern mayors in an effort to resolve oil and electricity production bottlenecks....

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Aug 4 Sami Zaptia

Audit Bureau allows Commerce and Development bank cheque clearance below LD 10 k

By Sami Zaptia.The Audit Bureau has lifted its suspension on Commerce and Development bank cheque clearance under LD 10 K while investigating possible...

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More Khoms Port containers seized in LC financial corruption
May 10 Sami Zaptia

More Khoms Port containers seized in LC financial corruption

By Sami Zaptia.London, 10 May 2016:Khoms Police Counter-Crime Unit has seized eight containers after being processed by customs at Khoms Port on Satur...

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Apr 25 Sami Zaptia

Electricity sector failing to meet demand despite huge investments over years

By Sami Zaptia. The Tripoli-based Audit Bureau 2015 Annual Report says that despite huge investments in the electricity sector it has failed to meet d...

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Khoms police stop money laundering containers
Apr 11 Sami Zaptia

Khoms police stop money laundering containers

By Sami Zaptia.London, 11 April 2016:Khoms police reported yesterday that it has stopped containers of goods purported to be part of a money-launderin...

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Mar 17 Sami Zaptia

Public Prosecutors Office meets Audit Bureau and CBL to speed up prosecution of financial criminals

By Sami Zaptia.The Attorney General / Public Prosecutor's Office met the Audit Bureau and CBL and agreed to speed up financial crime cases (Logo: AG/P...

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CBL freezes 600 accounts for money laundering, refers them to Public Prosecutor
Mar 15 Sami Zaptia

CBL freezes 600 accounts for money laundering, refers them to Public Prosecutor

By Sami Zaptia.London, 15 March 2016:The Tripoli-based Central Bank of Libya (CBL) has frozen 600 bank accounts accused of money laundering offences a...

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Jumhouriya Bank staff start strike after general manager kidnapped
Mar 14 Michel Cousins

Jumhouriya Bank staff start strike after general manager kidnapped

By Libya Herald reporter.Tripoli, 14 March 2016:Staff at branches of the Jumhouriya Bank throughout the country went on strike today in protest at the...

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AB meets Jumhouriya bank, urges fast action on debit cards, LCs and currency transfers
Mar 10 Sami Zaptia

AB meets Jumhouriya bank, urges fast action on debit cards, LCs and currency transfers

By Sami Zaptia.London, 10 March 2016:The Audit Bureau held a meeting today with Libya’s largest bank, Jumhouria bank, urging it to urgently facilitate...

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