close
Tuesday, August 20, 2024

Libya’s central bank resumes operations amid division over governor

Parliamentary speaker Aguila Saleh rejected the presidential council’s decision on Monday.

• August 20, 2024
Libya's central bank
Libya’s central bank[Credit: Businessday NG]

Libya’s central bank said it has resumed its operations after a brief suspension due to a dispute between the country’s rival administrations deepens over the position of the bank’s governor.

The central bank said on Monday it was halting all operations until its IT manager, who an unknown group kidnapped, is released and returns to work.

On the social media platform X, the bank said its governor, Al-Siddiq al-Kabir, held a meeting in his office with several departmental heads to follow up on the resumed operations.

He said the resumption of duty on Monday was after the official’s safe return.

A photo showed Mr al-Kabir chairing the meeting in what seemed as a defiant move to a decision by the presidential council the day before to dismiss al-Kabir.

Libya has been divided between two rival administrations in the West: a UN-recognised Tripoli government led by Prime Minister Abdel-Hamid Dbeibeh.

The other government in the east is backed by parliament and military strongman Khalifa Haftar.

Rising tension in recent weeks between the two and the affiliated militia raised fears of fresh fighting.

The presidential council was elected years ago as part of a transitional government scheduled to lead the country until nationwide elections planned for the end of 2021.

However, due to disputes over the electoral law and constitutional principles, the elections never took place, and the council and the Tripoli-based government remained in power.

On the other hand, the eastern-based parliament backs al-Kabir. 

Parliamentary speaker Aguila Saleh rejected the presidential council’s decision on Monday.

He said the selection of sovereign positions, including the central bank’s board of directors, was within the parliament’s jurisdiction. 

(dpa/NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

National Library of Nigeria

Education

National Library urges stakeholders to promote reading culture

NLN chief executive Chinwe Anunobi made the call on Tuesday at the formal presentation of the 2025 Abuja Book City Logo in Abuja.

Primary Healthcare Centre

Health

Strengthening PHCs path to universal health coverage in Nigeria: NPHCDA

NPHCDA says a renewed focus on primary health care delivery is pivotal in achieving universal health coverage in Nigeria.

Association of Resident Doctors at the National Orthopedic Hospital Igbobi

Health

Orthopaedic resident doctors join march for kidnapped colleague

During a walk on Tuesday in Lagos, the doctors urged the federal government to intensify efforts toward her safe release.

New Nigerian Peoples Party (NNPP)

Kano

Kano LG Polls: NNPP asks aspiring chairpersons, councillors to resign

NNPP in Kano has given up until the end of this month to all the aspiring caretaker chairpersons and councillors in the 44 local governments to resign.

AJaero and IGP

Abuja

Terrorism Charge: Ajaero to honour police invitation, NLC threatens mass protests 

The Nigeria Labour Congress says its leader, Joe Ajaero, will honour the invitation by the police for investigation over alleged terrorism subversion.

Plateau State House of Assembly

Politics

Plateau: Lawmakers want security outposts at interstate boundaries

The parliament presided over by Speaker Gabriel Dewan, resolved to make the call after a motion of urgent public importance during its plenary on Tuesday.