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 2026
https://www.africa-confidential.com

Prepared for Free Article on 27/08/2026 at 02:05. 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

Tough nut to crack

Moammar el Gadaffi wants Silvio Berlusconi to buy him a railway or a road. Then he might just stop bending visitors' ears about Italian abuses during Benito Mussolini's...

Everyone wants to be president

Politicians past, present and aspiring scrambled to get on the ballot paper for the presidential election in December adding to doubts about its viability

Nominations for candidates in the country’s first-ever presidential elections closed on 22 November. With less than a month to go until the first round of voting, the political...

Dubaiba is set to lose his militia gamble

The worst fighting in Tripoli for 80 years has sparked protests demanding the prime minister’s exit

Anger with the Government of National Unity (GNU) of Prime Minister Abdel Hamid Dubaiba was already on the rise when one of the militia-infested capital’s most powerful chiefs,...

The centre moves east

The country’s centre of gravity may be moving towards Benghazi but away from the Muslim Brotherhood

It may not be until after the Eid celebrations at the end of Ramadan that Libya's third interim Parliament can appoint an executive. The results of the 25...


Stories by country

Footer Map