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 27/12/2025 at 14:23. 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

Gadaffi falls, revolution rises

Declaring victory after six months of war, the new regime in Tripoli has rejuvenated the Arab Spring and may promote political change further south

With its victory over the forces of Moammar el Gadaffi this week, the Transitional National Council (TNC) has proved it has more staying power than suggested by its...

Hope without optimism for the new deal

War-weary citizens welcome the UN-brokered ceasefire but the foreign sponsors of the conflict have the casting vote

Politicians and fighters in Libya's civil war are due to meet for face-to-face talks in Tunis on 9 November in what will be a key test of the...

The Gadaffi clan scatters

After the collapse of the Colonel’s regime, its successors intensify the hunt for its chieftains and its assets

Reports of Gadaffi family deaths and flights by regime stalwarts to neighbouring countries have been greatly exaggerated but as Africa Confidential went to press, the signs were that...

Getting to know the Colonel again

One-time Assistant Secretary of State for African Affairs Chester Crocker and two American oil companies are urging President George W. Bush to start a cautious rapprochement with Libya....

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