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 13/08/2025 at 15:12. 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

Identifying the problems

France’s Total and Spain’s Repsol YPF oil companies are under pressure to divulge who received more than US$6 million in consultant fees paid to suspected politically connected intermediaries...

Seizing the spoils of war

From people-trafficking to oil theft, crime is the mainstay of all the armed groups. International organisations are finally acting

Local and international authorities are finally moving against Libya's myriad criminal networks, which finance militias and make personal fortunes. Yet criminality remains pervasive across rival factions. A leaked...

Proxies battle over Tripoli

There's a stalemate on the ground while each side's foreign supporters use high-tech weaponry to try to change the strategic balance

As the campaign of Benghazi-based strongman Khalifa Haftar to take Tripoli slows down, foreign powers are putting more and more resources into the fight, including armed drones and...

READ FOR FREE

Patassé's pals

President Ange-Félix Patassé has become even more dependent on the protection of Libya and its Bangui garrison, as last month's arrest of Finance Minister Eric Sorongopé-Zoumanji on corruption...

Lobbying on

Just as Mozambique’s Resistência Nacional Moçambicana threatens to return to violence, the man who championed it at the height of its atrocities has surfaced in papers found in...


Stories by country

Footer Map