No Result
View All Result
Thursday, July 17, 2025
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 Business

Audit Bureau calls for launch of Libyan tenders and procurement e-portal to fight corruption

bySami Zaptia
August 13, 2020
Reading Time: 2 mins read
A A

By Sami Zaptia.

The Tripoli Audit Bureau has called for the government to launch a tenders and procurement e-portal (Photo: Audit Bureau Tripoli).

London, 13 August 2020:

Libya’s Tripoli based Audit Bureau, one of the three main Libyan monitoring and oversight agencies, called on the Tripoli Economy Ministry to launch an electronic tenders and procurement portal.

The call came in the form of a circular issued Tuesday by the Audit Bureau in which it highlighted to state agencies the need to comply with laws and regulations governing contracting procedures and not to violate the regulations governing them.

The Audit Bureau said that this was necessary in order to establish the principles of disclosure and transparency and to combat financial and administrative corruption.

RELATED POSTS

National Strategy for Prevention and Combating of Corruption (2025-2030) launched by ACA

ACA suspends the Executive Director, the Chairman and 6 Board members of GNMTC

It will be recalled that there has been an uptake in recent days pronouncements by state entities on increased transparency and fighting corruption.

Libya’s internationally recognized prime minister, Faiez Serraj, held a meeting with the country’s three main oversight bodies, the Audit Bureau, the Administrative Control Authority and the National Anti-Corruption Commission on 8 August where he pledged his full support for their oversight efforts.

Serraj had stressed his full support of the bodies to conduct investigations and inspections of all files related to corruption and waste of public funds.

He also stressed that all institutions of the government sector must comply and cooperate with these bodies, stressing the need to establish the principle of transparency and integrity, and the rules of governance.

Serraj also confirmed his full support of the agreement between the three bodies to formation a national team to develop the national strategy to combat corruption.

During the meeting it was also agreed to activate the existing but unused financial disclosure system for state officials and speed up the adoption of the public sector corporate governance manual.

Secondly, the Governor of the Tripoli Central Bank of Libya (CBL) in his role as chairman of the National Anti-Money Laundering and Terrorist Financing Commission signed a cooperation agreement on 10 August with Fathi Bashagha, Tripoli’s Interior Minister.

The Ministry of Interior said that the signing of this agreement is the culmination of what was agreed at the meeting of the National Committee of the Libyan state’s commitment to standards and best practices in order to achieve effective and fruitful cooperation to reduce corruption and uncover crimes of money laundering and terrorist financing.

It is understood that the Central Bank of Libya has agreed to cooperate with a specialized auditing company to review, examine and audit all its accounts to apply the principle of transparency. For its part, the Interior Ministry agreed to take the same step to review all its accounts and contracts.

And finally, it will be recalled that Libya’s two competing Central Banks have now agreed to an independent international audit. The issue is seen by many as one of the main causes of the recent war on Tripoli and the continuing political split between western and eastern Libya.

Analysis

A word of realism, however. It must be noted that over the years, Libya’s bureaucracy has paid much lip service to transparency, accountability and fighting corruption. However, unsurprisingly, the state bureaucracy, has failed to conduct ant serious house cleaning. There is very little incentive for Libya’s corrupt bureaucracy to reform and purge itself without an outside force to hold it in check such as a functioning parliament or the general public through effective democratic elections.

 

https://www.libyaherald.com/2020/08/11/libyas-national-anti-money-laundering-commission-signs-agreement-with-interior-ministry-to-combat-corruption/

 

https://www.libyaherald.com/2020/08/09/serraj-anti-corruption-drive-announces-his-full-support-for-oversight-entities-and-seeks-to-enforce-financial-disclosure-by-top-officials-report-and-analysis/

 

https://www.libyaherald.com/2020/07/27/cbl-independent-audit-going-ahead-unsmil/

 

Tags: AB Audit BureauACA Administrative Control AuthorityaccountabilityCBL Central Bank of LibyaFaiez Serraj Presidency Council Government of National Accord PC GNAfeaturedNational Anti-Corruption Commissiontransparency

Related Posts

Tax system reform forum makes 11 main recommendations
Business

Tax Authority holds symposium entitled “Tax on e-Commerce”

July 17, 2025
Libyan Ports fees increased by 235 percent to reflect dinar devaluation
Business

Libyan Ports Company signs contract in Germany for 154-ton Liebherr container crane for Khoms Port

July 17, 2025
CBL receives results from meetings with international banks
Business

CBL Governor Issa pushes for improved e-payment services despite increase of points of sale by 92% and e-transactions by 75% since 2024

July 16, 2025
CBL temporarily suspends chairman and directors of ATIB
Business

Former ATIB bank Chairman Naaman Elbouri recalls his unjust kidnapping and detention – calls on CBL Governor to implement law against those unjustly accused

July 16, 2025
Twenty-three dead and 106 injured in Tripoli’s security forces clashes
Business

After signing agreement in April with Georgetown University, the first emergency response training programme is launched in DC: EMSC

July 16, 2025
CBL receives results from meetings with international banks
Business

CBL orders government entities from 1 August to receive payment for services from citizens electronically

July 16, 2025
Next Post
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

U.S continues its Libya peace drive - in Ankara

ADVERTISEMENT

Top Stories

  • Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop

    China to resume implementation of its stalled railways projects in Libya

    0 shares
    Share 0 Tweet 0
  • Libya and Nigeria discuss gas projects, extension of export pipelines to Europe and high-level delegation visit to Tripoli

    0 shares
    Share 0 Tweet 0
  • Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    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

National Strategy for Prevention and Combating of Corruption (2025-2030) launched by ACA

Western Mountain Military Region conducts operation around Ghadames against drug trafficking and transnational organised crime

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.