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 12/11/2026 at 22:13. 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

Who's Who

Power in Libya is concentrated around Colonel Moammar el Gadaffi's family and a select group of politicians

Colonel Moammar el Gadaffi: the 67-year old Brother Leader of the Revolution is still in complete command. All speculation about his children's influence must be put in the...

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,...

Aller-retour

Huge numbers of West Africans hope to make a living abroad but find barriers in neighbouring countries and the rich West

The loss of more than 200 lives on 30 March, when a ship carrying African migrants to Europe sank off the coast of Libya, prompted calls for rich...

Man-made floods

Despite major questions about its value, Colonel Moammar el Gadaffi is pressing ahead with his Great Man-Made River. He has promised South Korea's Dong Ah Construction and Industrial...

Another day of reckoning

For a few hours on 12 December and then the following day, there was panic and eager expectation across Libya as the civil war between the internationally-recognised Government...


Stories by country

Footer Map