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Exclusive.. In Violation of Central Bank Instructions.. 300 Million Financing for Building Materials Company Raises Questions Over Benghazi Branch Exceptions

In violation of the instructions of the Central Bank of Libya, the Central Bank’s Benghazi branch granted financing worth 300 million to Al-Bareeq Al-Awal Building Materials Company, headed by “Faisal Naji Ahmed Wahiba” and his partner, “Ibrahim Misbah Ahmed Wahiba.”

The company was exempted from the suspension of financing, which, according to our sources, contributed to the rise in the dollar exchange rate on the parallel market.

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