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Home » Parliament denounce offering Libyan property in Africa for sale at public auction

Parliament denounce offering Libyan property in Africa for sale at public auction

Sunday, January 29, 2023 National 1 Min Read
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Economic and Investment Committee of the Libyan Parliament has denounced offering Libyan property in Africa for sale at public auction.

The property belongs to the Libyan African Investments Company (LAICO), in the capital of the Central African Republic, Bangui.

The Committee pledged to initiate a criminal case in the event that the auction continues to be announced.

It confirmed in a statement that the sale operation in this way, and at this time, is a legal and moral violation and plundering of the capabilities of the Libyan people.

The Committee called for stopping the auction immediately and taking all required measures to hold those responsible accountable, and to protect Libyan investments in Central Africa and other countries around the world.

In Central Africa, Libya owns a five-star hotel, two residential buildings, and a piece of land obtained by the Libyan state in return for loans granted to Central Africa under an agreement signed between the two countries in 2007, according to LAICO.

Central African Republic LAICO Libya
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