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Libya’s Central Bank has announced that it has suspended all operations after a senior staff member was kidnapped in the capital, Tripoli.
The bank condemned the kidnapping of its director of information technology, Musab Musalem, in a statement on Sunday.
They said Msalim was taken from his home by “unidentified persons” on Sunday morning and other employees were also threatened with kidnapping.
The central bank said it would not resume operations until Mr. Msalim was released.
The central bank, which is independent but state-owned, is the only internationally recognized depository for Libya’s oil revenues, a vital economic bonanza for a country that has for years been torn between two rival administrations in Tripoli and Benghazi.
According to AFP, the incident happened a week ago when the central bank was besieged by armed men.
According to AFP, citing local media reports, the armed men’s move was intended to force bank president Sediq Kabir to resign.
Since taking office in 2012, Mr Kabir has been criticised for his management of oil resources and the state budget.
Since Libya’s leader Muammar Gaddafi was ousted and killed in 2011, the country has Chronic lack of security.
The country is divided by a power struggle and currently has two governments – one recognised by the United Nations and based in Tripoli, and another in the east of the country backed by warlord General Khalifa Haftar.
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