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HoR Presidency provisionally accepts the resignation of the Governor of the LCB

Pulbished on:

Benghazi, October 22, 2026 (LANA) – The Presidency of the House of Representatives has decided to provisionally accept the resignation of the Governor of the Central Bank of Libya, Naji Issa. It has also appointed Fawzi Obukhazam, a member of the Bank’s Board of Directors, to temporarily oversee the Governor’s duties, pending the formal presentation of the resignation to the House of Representatives during its next session for a final decision.

This decision was issued by the House Presidency on Thursday and announced by the official spokesperson for the House of Representatives via his official page. The measure serves as a temporary arrangement to ensure the continued operation of the Central Bank and the consistent performance of its functions during this transitional period, with Obukhazam exercising the Governor’s duties in accordance with the powers granted by existing legislation.

In issuing Decision No. (5) of 2026, the Presidency cited the Governor’s request to step down from his position, a letter sent to him by the Speaker of the House of Representatives on August 30, 2026, and the minutes of the House Presidency’s meeting (No. 1 of 2026) held today, Thursday, October 22, 2026.

The Presidency of the House of Representatives stated that this temporary measure was taken in the public interest and to ensure the orderly management of the Governor’s duties until the resignation is presented to the House and a final determination is made in accordance with applicable laws.

=Lana=