Libya's Central Bank Governor Sadiq al-Kabir Flees Amid Militia Threats Over Oil Revenue

Aug 30, 2024, 05:05 AM

Sadiq al-Kabir, the governor of Libya's central bank, has fled the country along with senior bank staff due to threats from armed militias, according to reports by the Financial Times. The threats include potential attacks and the abduction of relatives, prompting the bank officials to leave for their safety. This development comes amid a political feud with Prime Minister Abdul Hamid Dbeibeh over financial control and the management of oil revenue, which has resulted in a halt in most of Libya's oil operations. The situation underscores the ongoing instability and division within the country.