No Result
View All Result
Thursday, June 1, 2023
22 °c
Tripoli
22 ° Fri
23 ° Sat
24 ° Sun
24 ° Mon
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Sahary bank to reopen all branches today after militia release kidnapped employee

bySami Zaptia
June 26, 2016
Reading Time: 2 mins read
A A
12
SHARES
52
VIEWS
Share on FacebookShare on Twitter

By Sami Zaptia.

Sahary bank has announced the reopening of all its branches in Libya after a militia released its kidnapped employee (Photo: Sahara bank).
Sahary bank has announced the reopening of all its branches in Libya after a militia released its kidnapped employee (Photo: Sahara bank).

London, 26 June 2016:

Sahary bank announced that it will be reopening its branches and commencing business as usual as of today. The news comes in the wake of its announcement on Thursday that it was closing down all 48 branches for business until further notice.

The shut-down was due to the fact that one of its employees assigned to a committee to investigate the robbery of LD 7 million from the safe of its Sebha branch. Libyan media had reported that the kidnapping was carried out by the Bab Tajura militia.

There is no independent confirmation of the involvement of the Bab Tajura militia in the kidnapping of the Sahary bank employee.

RELATED POSTS

Seven employees of Canadian security firm Guarda World arrested at Mitiga airport by Rada

Egyptian security inspection team tours Benghazi’s Benina airport

However, it must be pointed out that the same militia led by Alazhari was accused by Abdelgader Alsaity, Deputy head of Libya’s Civil Registry Authority (CRA) on 31st March this year of kidnapping five CRA employees from their workplace at Libya Telecom and Technology (LTT), Libya’s main state ISP.

The five employees include an Indian and an Egyptian who are still missing despite the fact that the conflicting Libyan sides seem to have resolved their CRA split. The aim of the kidnappers was to take over control of the CRA, Alsaity had claimed.

He further accused the militia of taking the kidnapped technicians to the Salvation government intelligence headquarters led by Mustafa Noah.

It is not clear why the militias had suddenly decided to release the bank employee. The bank gave no further details on the intricacies of their employee’s release. It did not reveal if a ransom had been paid. Most of those kidnapped in Libya during this post 2011 period of insecurity have only been released upon the payment of a substantial ransom.

The kidnapping incident is a testimony to the weak central authorities and insecurity in Libya in general to varying degree and particularly in the capital Tripoli which is a melting pot of the polarized politics of the country as a whole.

The continued, by Libyan standards, high rate of kidnappings reflect the continued absence of an effective police force and judiciary. They also reflect the weakness of the Faiez Serraj-led Presidency Council and its Government of National Accord which is still holed-up in the Bu Sitta Naval Base, too insecure to venture out and establish itself at the traditional Prime Minister’s Office in Sikka street.

The kidnappings also reflect the continued dominance of Libya’s militias in the country and capital at the direct expense of the formation of a tribal/regional-free army directly loyal and accountable to the government of the day.

The fear of kidnappings has also contributed to the cash shortage at Libya’s banks as those with liquidity prefer to hoard their cash at home in fear of alerting potential kidnappers of their wealth. It is widely believed in Tripoli that some bank employees have been complicit in tipping off militias by supplying them with the names of bank clients with high deposits.

Tags: bank safeFaiez SarrajfeaturedkidnappingPC/GNA Presidency Council Government of National AccordSahary bankSebhasecurity
Share5Tweet3Share1

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

May 30, 2023
State recognised militia and Libyan Army clash in central Tripoli
Libya

State recognised militia and Libyan Army clash in central Tripoli

May 29, 2023
FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards
Libya

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

May 29, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

May 25, 2023
AmCham Libya Networking Breakfast
Libya

US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

May 24, 2023
Ten former antagonists, now presidential candidates, including Hafter, Bashagha and Maetig gather in Benghazi
Libya

Bashagha suspended by HoR as eastern-based prime minister

May 19, 2023
Next Post

Ajdabiya councillors demand dismissal of Salem Jadhran as mayor

Serraj invited to Zintan in rapprochement move by Mukhtar Al-Akhdar

Serraj invited to Zintan in rapprochement move by Mukhtar Al-Akhdar

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    208 shares
    Share 83 Tweet 52
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    138 shares
    Share 56 Tweet 34
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    63 shares
    Share 25 Tweet 16
  • US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

    111 shares
    Share 59 Tweet 22
  • NOC completes strategic project to increase local gas supply and clean pipelines

    42 shares
    Share 17 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?