News Desk

The Advocate Post: Libya’s central bank has announced the suspension of all its operations after a senior employee was kidnapped in the capital Tripoli.

In a statement released on Sunday, the bank condemned the kidnapping of Musab Msallem, its director of information technology.
They said that on Sunday morning, a“unidentified party” kidnapped Mr. Msallemfrom his house and threatened to kidnap additional staff.

The sole internationally recognized depository for Libyan oil profits, which are a crucial source of money for a nation split for years between two hostile governments in Tripoli and Benghazi, is the central bank, which is autonomous yet owned by the Libyan state.

It occurs one week after armed men besieged the central bank, according to the AFP news agency.
Seddik al-Kabir, the bank’s governor, was forced to quit, according to local media, which AFP cited.

Since taking office in 2012, Mr. Kabir has been under fire for how the state budget and oil resources are managed.
Libya has experienced persistent instability ever since Muammar Gaddafi was overthrown and killed in 2011.

Due to internal conflicts, the nation has been split into two governments: the eastward-based administration, supported by warlord General Khalifa Haftar, and the internationally recognized government headquartered in Tripoli.