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 31/12/2025 at 06:06. 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

Retirement tent

Leaders of the Gadaffi family circle and expert committees are quietly discussing plans for a constitution.

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...

Posturing in Palermo

The latest effort to solve Libya’s crisis produces grandstanding but little progress as European powers compete for influence

The Palermo conference on Libya on 12-13 November called by Italy's Prime Minister Giuseppe Conte was as much about Italy's primacy in the north African conflict as about...

West too wild for Haftar

Although his Libyan National Army (LNA) still controls eastern and southern Libya, General Khalifa Haftar has suffered a string of heavy defeats in western Libya, leaving his hopes...


Stories by country

Footer Map