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Our investments in Uganda are facing danger

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Our source obtained the document of the Ministries of Finance, of Planning and of Economic Development in Uganda directed to the Libyan institutions in Uganda, which stated that following the negative impact of the political situation in Libya on the conduct of the commercial operations of the Libyan contributing bodies in Uganda, the President of Uganda directed the formation of a committee to review the status of all Libyan properties In Uganda. Accordingly, the bodies under the supervision and owned by the Libyan state government in Uganda were identified.

The ministry added that the purpose of this letter is to submit documents to all legal incorporation documents that refer to the ownership of this founding body, including shareholders, the financial situation and issues affecting property, in addition to the current challenges faced by this body as a result of the political situation, where work should be done on several measures to resolve these issues.

The committee will also be able to prepare a comprehensive report directing the discussions of the joint committee of representatives of the government of Uganda and the Libyan government with the aim of informing the Ugandan president about the status of all Libyan property in Uganda.

The Undersecretary of the State Audit Bureau, Al-Masallati denies to our source holding a position in Alubaf Bank

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The Undersecretary of the State Audit Bureau, Ala Al-Masallati, told our source about circulating rumors that he had held a position in the Alubaf Bank, where he said, “I am not that one and I cannot be.”

He continued by saying: “My job prevents me from doing any other work in accordance with Article 30 of Law No. 19 of 2013.”

Documents of decisions to disburse rewards to Libyana employees, with a value exceeding one million, with names repeated in it

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Our source obtained exclusively decisions proving that the General Manager of Libyana Phone Mobile, who was appointed by the Chairman of the Board of Directors, Mohamed Ben Ayed, paid bonuses to employees amounting to one million and 400 thousand dinars for repeating names in the decisions.

Private sources said that all of these decisions had previously been suspended by the council, which was dismissed for rejecting Ben Ayed’s decisions and appointing a successor to him.

Agent of the State Audit Bureau: “The Head of the Telecommunications Holding Company is not entitled to claim the profits of his subsidiaries”

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The Undersecretary of the State Audit Bureau, Alaa Al-Masallati, stated exclusively to our source about the eligibility of the head of the telecommunications company, Mohamed Ben Ayed, to demand the profits of telecommunications companies, without meeting a general assembly or a board of directors, where he said that he has no right to do so.

Ben Ayed mentioned that he had demanded that Libyana Phone Mobile and Al-Madar Al-Jadid companies transfer hundreds of millions of dinars to the international telecommunication holding accounts from their profits without the final approval of the company’s budgets and lists becoming clear and without observing the simplest rules of profit distribution. Another company has a separate legal personality and independent financial disclosure, even if that company is owned by the holding company.

Each one of Libyana, Al-Madar Al-Jadid and the Holding Company have a general assembly, and the members of each general assembly may be the same persons and characteristics, but the distribution of profits is subject to a separate decision for each general assembly and for each company separately, and that the head of the holding company, its general manager, or the head of its board does not represent the general assembly of the holding company, nor Libyana company, nor Al-Madar company, so there is no owner capacity in the person of the chairman of the holding board.

The distribution of profits for any company with an independent financial liability is done through the meeting of the ordinary general assembly, through which the budget is approved, the profits and losses are approved, and taxes are paid on them, and then they are distributed to the owners.

The Telecom Holding Company headed by Ben Ayed writes to Libyana to buy generators worth 245 thousand dollars

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Our source obtained exclusively the correspondence of the General Manager of the Telecom Holding Company to the Pan African Company for Importing Cars and Electricity Generators, which includes a 65kva generator with a value of 90 thousand dinars and another generator with a capacity of 110kvq valued at 155 thousand dollars.

The correspondent reported that the Telecom Holding Company had agreed to the initial offer submitted regarding the generators.

The Telecommunication Holding then wrote to Libyana Company to pay the value of the generators with a total of 245,000 and take the necessary measures in particular according to the correspondence.

In a statement to one of the officials, he told our source that this process is done by transferring invoices with official letters for payment, and there is no awarding of the tender or a procurement committee or others, adding that the invoice is transferred and then the payment is required.

He continued by saying: “Libyana Company pays and they are registered at the holding’s account. There is no one to inspect the transactions between the holding and its subsidiaries, and all transactions of the newholding chairman, Mohammed bin Ayyad, are done in this way.”

Libyan Investments Authority forms a new board of directors headed by Ghaffar for the long-term investment portfolio

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Our source learned exclusively that the Board of Directors of the Libyan Investment Authority issued its resolution No. 17 of 2022 regarding the restructuring of the board of directors of the long-term investment portfolio.

This was to appoint Abdel-Fattah Al-Sghayer Ghaffar as chairman of the new board of directors, and Salah Ahmed Fakroun as his deputy, with the membership of: Bashir Musa Mohamed Musa, Jumaa Kusa, Adel Lindy, and Abdul Karim Faraj Hussein.”

In addition to Libyana, Ben Ayed demands Al-Madar Al-Jadid to transfer its profits and cards worth more than one hundred thousand

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Our source obtained a letter from the Chairman of the Board of Directors of the Telecom Company to the General Manager of Al-Madar Al-Jadid Company, asking him to expedite the transfer of profits for the years 2018-2019, at a value of 245.964 million.

Our source obtained exclusively a correspondence from Al-Madar to the Telecom Holding Company stating that 10,000 recharge cards were provided in the category of 10 dinars, based on the correspondence of the General Manager of the Telecom Holding Company.

The requested cards was delivered with Al-Madar’s request to approve and pay the value of a service bill for the deferred service in the amount of 100,000 dinars.

Our source also published exclusively a correspondence proving the demand of the Chairman of the Telecom Holding Company, Mohamed Ben Ayed, that Libyana Company quickly transfer the amounts due for the years, with a total value of 978,042 million, to the telecommunications accounts.

Bin Ayyad had changed the board of directors of Libyana Company, headed by Al-Bourawi, in a commercial registry published exclusively by Sada Al-Eqtisadiah for the past period.

Sada Al-Eqtisadiah obtained exclusively a correspondence proving the demand of the Chairman of the Telecom Holding Company, Muhammad bin Ayyad, that the Libyana Company quickly transfer the amounts due for the years, with a total value of 978,042 million, to the Telecom Holding Company accounts.

Ben Ayed had changed the board of directors of Libyana Company, headed by Al-Bourawi, in a commercial registry published exclusively by us for the past period.

In a related context, our source obtained correspondence from the Telecom Holding Company to Libyana and demanded 35,000 prepaid cards to be settled on the Telecom Holding account. It also demanded another 37 packages of five dinars cards.

The first transaction includes 48 thousand five dinars denomination cards with a total of 240 thousand, the second transaction is 35 thousand cards, and the third is 37 large packages worth 28000 dinars, according to our sources and documents.

A car worth 240 thousand and cards with large values : Documents that prove that Mohamed Ben Ayed used the money of Libyana Company

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Our source obtained new documents proving the involvement of the head of the Telecom Holding Company, Mohamed Ben Ayed, which was the beginning of an attempt to transfer one billion dinars from Libyana to the holding account, and due to the refusal of the Board of Directors to transfer the amount, the Board of Directors of Libyana Company was changed.

According to the source, the money of the telecommunications companies is now being collected in a central account in the holding, and then the money is disposed of, based on messages from the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh.

Our source obtained exclusively a correspondence proving the demand of the Chairman of the Telecommunication Holding Company, Mohamed Ben Ayed, that Libyana Company quickly transfer the amounts due for the years, with a total value of 978,042 million, to the telecommunications accounts.

Ben Ayed had changed the board of directors of Libyana Company, headed by Al-Bourawi, in a commercial registry published exclusively by us for the past period.

In a related context, our source obtained a correspondence from the Telecom Holding Company to Libyana and demanded 35,000 prepaid cards to be settled on the Telecom Holding account. He also demanded by correspondence with another 37 packages of five dinars cards.

Our source also obtained an initial invoice in the local currency, referred to the Libyana company, to purchase a 2021 Toyota Voztchener at a price of 240 thousand dinars in favor of the Telecommunication Holding headed by Ben Ayyad.

Ben Ayed had changed the board of directors of Libyana Company for rejecting all these issues and using the company’s funds and profits for other purposes to assign Al-Burawi as the head of the board of directors. He is considered his partner, according to our sources, as he was the former director of the audit department at Libyana Company, who transferred 600 million to Ejmaa Bank Which has evaporated from the accounts and has no effect.

Our source also obtained old documents proving the dismissal of Ben Ayed by the Libyana Disciplinary Committee on charges of corruption.

Ben Ayyad’s attempt to transfer Libyana profits to the Telecom Holding Company

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Private sources revealed exclusively to us an attempt to transfer one billion dinars from Libyana to the holding account, and due to the refusal of the board of directors to transfer the amount, the board of directors was changed.

According to the source, the money of the telecommunications companies is now being collected in a central account in the holding. Then the money is disposed of, based on messages from the Prime Minister of the National Unity Government, Abdul Hamid Dbeiba.

Our source obtained exclusively a correspondence proving the demand of the Chairman of the Telecommunication Holding Company, Mohamed Ben Ayed, that the Libyana Company quickly transfer the amounts due for the years, with a total value of 978,042 million, to the telecommunications accounts.

Ben Ayyad had changed the board of directors of Libyana Company, headed by Al-Bourawi, in a commercial registry published exclusively by us for the past period.

Al-Kabeer and Al-Hibri participate in Tunisia’s meeting today via Zoom

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An official source revealed exclusively to our source that today’s meeting, held in Tunisia, was attended by the Governor of the Central Bank of Libya, Seddiq Al-Kabeer and the Deputy Governor of the Central Bank, Ali Al-Hibri via zoom.

Our source had revealed exclusively about a meeting in Tunisia that took place today between the Libyan and international parties, where it brings together the American ambassador and the Governor of the Central Bank of Libya Seddik Al-Kabeer via zoom, the Chairman of the Board of Directors of the National Oil Corporation Mustafa Sanalla, the head of the Audit Bureau Khaled Shakshak and the President of the Administrative Control Authority, Tripoli, Suleiman Al-Shanti.

The meeting was also attended by the Chairman of the Finance Committee in the House of Representatives, Omar Tantoush, and a representative of the Presidential Council, where the meeting dealt with the management of oil revenues and several other important issues.

The head of the Administrative Control Authority in Tripoli, Suleiman Al-Shanti, revealed exclusively to our source that the meeting dealt with the management of oil revenues in the country and the transparency of its spending.

In confirmation of what we published today exclusively, Al-Shanti declares to our source about today’s meeting in Tunisia

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This morning, Thursday morning, a meeting was held in the Tunisian capital, which included the Chairman of the Finance Committee of the House of Representatives, Omar Tantoush, the Chairman of the Administrative Control Authority, Suleiman Al-Shanti, the Head of the Audit Bureau, Khaled Shakshak, a representative of the Presidential Council, the Governor of the Central Bank of Libya, Seddik Al-Kabeer, and the Head of the National Oil Corporation, Mustafa Sanalla, and a number of international officials, led by the US ambassador to Libya, Richard Norland.

According to the head of the Administrative Control Authority, Al-Shanti, in his exclusive interview with our source, the meeting dealt with the management of oil revenues in the country and the transparency of its spending.

Our source had exclusively revealed the holding of a meeting in Tunisia between the Libyan and international parties, which brings together the American ambassador, the Governor of the Central Bank of Libya Seddik Al-Kabeer, the Chairman of the Board of Directors of the National Oil Corporation Mustafa Sanalla, the head of the Audit Bureau Khaled Shakshak, and the head of the General Assembly Administrative Control of Tripoli, Suleiman Al-Shanti.

The meeting was also attended by the Chairman of the Finance Committee in the House of Representatives, Omar Tantoush, and a representative of the Presidential Council, where it dealt with the management of oil revenues and several other important issues.

Aoun calls on Al-Sour to intervene in cases against Mellitah Oil & Gas B.V

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Our source obtained exclusively the correspondence of the Minister of Oil, Mohamed Aoun to the Attorney General, Seddiq Al-Sour regarding cases filed against the Mellitah Oil & Gas B.V., Libya branch.

A correspondence from Mohamed Shamaka included an oil expert who was charged with following up on the company’s issues, as his assignment had terminated. This termination came at a critical time that will not help the Libyan side in its position and may lead to the loss of cases and of millions of dollars.

The Minister of Oil, Aoun, called on the Attorney General of the pictures to intervene to preserve the rights of the Libyan state.

The Central Bank Report reveals all the expenditures of the bodies affiliated with the House of Representatives including the Audit Bureau and the Control Center

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The report of the Central Bank of Libya revealed the expenditures of the Parliament and its affiliates, which amounted to a total of 250,426 million, as the Council’s office spent 70.182 million, the Supreme Judicial Council spent 666.666 thousand, the Ifta House spent 1.460 million, the Supreme Court spent 7.838 million, the High Electoral Commission spent 4 million, the Supreme Authority for the Implementation of Standards Assuming public positions spent 116 thousand, the Planning Council spent 960.218 million, the General Culture Council spent 836,128 million, the Food and Drug Control Center spent 46.590 million, and the Administrative Control Authority spent 54.269 million.

The supervision in the eastern region also spent 10.085 million, the Audit Bureau spent 31.622 million, the Bureau in the eastern region spent 11.040 million, the Constitution Drafting Authority spent 2 million, the Libyan External Media Center for Studies and Consultations Cairo spent 927,622 thousand, the Libyan Local Media Center for Studies and Consultations Cairo spent 4.957 and the National Council for Freedoms and human rights spent 2.873 million.

The Central Bank report reveals what was spent by the General Electricity Company, the Oil Ministry and the National Oil Corporation

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The report of the Central Bank of Libya revealed that the Ministry of Oil and its affiliates spent 166.667 thousand, the National Oil Corporation spent 3.704 billion, and the Executive Authority for the development of oil regions and projects spent 1.410 million.

According to the CBE report, the General Electricity Company spent 280 million from January 1, 2022, to April 30.

An important meeting held today in Tunisia in the presence of Al-Kabeer, Sanalla, the American ambassador and several parties

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Our source learned about holding of a meeting in Tunisia between the Libyan and international parties, which brings together the American ambassador, the Governor of the Central Bank of Libya Seddik Al-Kabeer, the Chairman of the Board of Directors of the National Oil Corporation Mustafa Sanalla, the head of the Audit Bureau Khaled Shakshak, and the head of Administrative Control Authority, Tripoli, Suleiman Al-Shanti.

The meeting was also attended by the Chairman of the Finance Committee in the House of Representatives, Omar Tantoush, and a representative of the Presidential Council.

The meeting dealt with the management of oil revenues and several other important issues.