Exclusive: Central Bank Calls Sahara Bank’s Management to a Meeting, and Here Are the Reasons

Our source has obtained a correspondence from the Director of the Supervision Department at the Central Bank of Libya addressed to the Chairman of the Board of Directors of Sahara Bank.

The correspondence invites the Board of Directors and the Supervisory Committee to attend a meeting scheduled for Thursday, June 6, at the Supervision Department’s headquarters in Abu Sitta to discuss the bank’s conditions.

One of the reasons for this action is the Board of Directors’ failure to comply with the Central Bank’s demands to implement regulations and procedures and complete the approval of the bank’s final accounts for the year 2023.