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The team tasked with monitoring frozen Libyan funds abroad held its first meeting at the headquarters of the Administrative Control Authority.

Pulbished on:

Benghazi – February 4, 2026 (LANA) – The first meeting of the joint working group formed by a decision of the Speaker of the House of Representatives was held today, Wednesday, at the headquarters of the Administrative Control Authority. The group is tasked with monitoring the status of frozen Libyan funds abroad and discussing several financial and investment files related to the state's financial situation and Libyan investments abroad. This is all within the framework of protecting sovereign wealth, enhancing compliance with relevant Security Council resolutions, and ensuring its management according to established legal frameworks.

The meeting was chaired by Youssef Al-Aqouri, Head of the House of Representatives' Committee for Monitoring Frozen Libyan Funds Abroad, and included Representative Omar Ali Tantoush, Murad Mohammed Hamima representing the Ministry of Foreign Affairs and International Cooperation, and Abdullah Qaderbouh, Head of the Administrative Control Authority in the Western Region. The joint working group also includes representatives from the Administrative Control Authority and the Public Prosecutor's Office.

According to a statement issued by the spokesperson for the House of Representatives on Wednesday, the meeting discussed the tasks of the working group formed under House of Representatives Resolution No. (113) of 2025. These tasks pertain to monitoring the state's financial situation and Libyan investments abroad, verifying compliance with UN Security Council resolutions, and ensuring adherence to international standards and regulations governing the management of sovereign assets.

The attendees also discussed mechanisms for monitoring the implementation of investments and ensuring compliance with legal and technical requirements. This aims to guarantee the integrity of procedures, the sound management of frozen sovereign funds abroad, and the avoidance of any potential risks arising from poor implementation or weak coordination among relevant entities.

Those present emphasized that the current phase necessitates intensified oversight and joint coordination, as well as the strengthening of the principles of integrity, transparency, and good governance in the management of investments and sovereign wealth. This will safeguard the state's rights, protect its funds, and enhance the confidence of international partners in Libyan regulatory and judicial institutions.

The meeting concluded by emphasizing the importance of continued coordination and regular follow-up of the working group's activities, holding regular meetings, and submitting the necessary reports on the work's outcomes. This will support the protection of public funds and enhance the management of Libyan investments in accordance with best international practices.

… (LANA) …