Jump to navigation

Vol 66 No 10

Published 16th May 2025

Libya

The Gadaffi billions – how Libya plans to reclaim the stolen wealth

PREVIEW

Colonel Moammar el Gadaffi stashed billions in US banks, and now Libya’s power brokers are vying for control of this hidden fortune. The scramble for wealth has ignited a fierce political battle in Tripoli – one so ruthless that the official leading the recovery has been forced into hiding, fearing for his life. An Africa Confidential Special Report by John Hamilton our North Africa correspondent and managing director of Cross-Border Information.

After three months in illegal detention – partly in one of Libya’s most brutal prisons – Mohammed al Mensli, Director-General of the Libyan Asset Recovery and Management Office (LARMO) has been released – opening the way for his agency to pursue the recovery of up to US$50 billion in assets stolen by Colonel Moammar el Gadaffi’s regime overthrown in 2011. 


Read this Special Report for free here: The Gadaffi billions – how Libya plans to reclaim the stolen wealth


Libya's oil and gas resources: at the centre of the political fight

Copyright © Africa Confidential 2025
https://www.africa-confidential.com

Prepared for Free Article on 27/06/2025 at 02:39. Authorized users may download, save, and print articles for their own use, but may not further disseminate these articles in their electronic form without express written permission from Africa Confidential / Asempa Limited. Contact subscriptions@africa-confidential.com.

Related Articles

Tripoli calling

Brother Leader Colonel Moammar el Gadaffi's return to the African diplomatic circuit was a high point of the July Organisation of African Unity summit in Algiers. His entourage...

Fortune favours new regime

War fatigue and unexpected compromise have combined to give the leaders of the new transitional government a flying start

Ten years from the start of the revolution that overthrew the Moammar el Gadaffi regime and six-and-a-half years after Libya split in two and civil war began, a...

Plan mooted to settle east-west split

The country is back to rule by two governments – but support is growing for devolution instead of the stalled international push for national elections

Libya looks more divided than at any time since the 2011 revolution. It boasts one government in Tripoli ruling the west, and another in Sirte which is recognised...

Gadaffi's fight to the death

After seizing the east of the country and the oil installations, the opposition steels itself for a long campaign

As Colonel Moammar el Gadaffi fights back hard against his opponents, the prospect of his early overthrow has given way to concern about widespread instability in a deeply...

Rivals fight for control of Sirte

A test of strength over Gadaffi’s home town and local oil assets threatens to become a regional war pitting Turkey against Egypt

The conflict in Libya started as a civil war, became a proxy war, and is mutating again as it reaches a potential new watershed. With battle lines now...


Stories by country

Footer Map