No Result
View All Result
Monday, May 4, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • 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

Court rules against Sadik Elkabir as Central Bank governor, voids all his decisions since 2014: report

byMichel Cousins
March 12, 2017
Reading Time: 1 min read
A A
Court rules against Sadik Elkabir as Central Bank governor, voids all his decisions since 2014: report

By Hadi Fornaji.

Saddek-Omar-Elkaber-Governor-of-Central-Bank-of-Libya-1
Saddek Elkaber (Social media)

Tunis, 12 March 2017:

A court in Tripoli is reported today to have rejected an appeal by Saddek Elkaber against his dismissal as governor of the Central Bank of Libya in September 2014 by the House of Representatives (HoR). Ordering him to pay costs, it also ruled that all decisions made by him since 2014 were null and void and that he and all those who enacted them out were personally liable for them.

The ruling has been posted on the parallel, eastern CBL’s Facebook page.

According to it, the Tripoli Appeals Court said that the decision had come from a legislative body and that it was not within its jurisdiction to overturn it.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

The ruling throws a further spanner in the works for Libya. It threatens to halt all funding for the Presidency Council (PC) and its government of national accord known as the Temporary Financial Arragements, as agreed following a series of meetings between Elkaber and the PC in Tunis, Rome and London last year.

The ruling also clarifies (or alternatively complicates) the controversial one by the Supreme Court in November 2014 which was taken by the HoR’s opponents to mean that it was illegal. This latest ruling accepts the HoR as legal.

The 2014 ruling in fact annulled Paragraph 11 of the Seventh Amendment to the Libyan Constitutional Declaration, passed by Congress on 11 March, 2014, which concerned itself with the HoR’s requirement to decide on the question of whether a temporary state president was to be elected directly or indirectly by the HoR itself.

Tags: featuredLibyaSaddek Elkaber

Related Posts

PM Aldabaiba inaugurates 6th African Construction & Equipment Exhibition -with several international participants
Business

PM Aldabaiba inaugurates 6th African Construction & Equipment Exhibition -with several international participants

May 3, 2026
Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media
Libya

Fierce overnight militia clashes in Surman – unconfirmed deaths reported by media

May 2, 2026
Boeing signs a strategic agreement with Libya to modernize its civil aviation
Business

Boeing signs a strategic agreement with Libya to modernize its civil aviation

May 2, 2026
National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits
Business

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits

May 1, 2026
German embassy to return majority of its Libya staff to Tripoli
Libya

German Embassy and representatives of German companies operating in Libya discuss Tripoli’s 19 May Libyan-German Economic Forum

April 30, 2026
Linataawan marks Phase II milestone in support of civil society in Libya
Libya

Linataawan marks Phase II milestone in support of civil society in Libya

April 30, 2026
Next Post

30 HoR members meeting in Tripoli announce continued support for the LPA

Fire devastates Tawerghan refugee camp outside Tripoli

Fire devastates Tawerghan refugee camp outside Tripoli

Top Stories

  • Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    0 shares
    Share 0 Tweet 0
  • Boeing signs a strategic agreement with Libya to modernize its civil aviation

    0 shares
    Share 0 Tweet 0
  • US sells US$ 95 million worth of border security equipment to Tunisia – can a similar deal between the EU or the US be struck with Libya?

    0 shares
    Share 0 Tweet 0
  • CBL loosens foreign currency controls – including permitting cash dollar deposits and transfer

    0 shares
    Share 0 Tweet 0
  • MedSky confirms start of direct Dusseldorf flights from 17 May

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
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

Tripoli Libyan government delegation holds meeting with U.S. Geological Survey – to assess Libya’s mineral resources, strategic and rare minerals

Libyan government delegation meets – US Department of Energy – discusses developing oil and gas sector and strategic energy projects

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.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.