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Home » The Competition and Anti-Monopoly Council affirms its respect for the jurisdictions of Administrative Oversight and the Audit Bureau

The Competition and Anti-Monopoly Council affirms its respect for the jurisdictions of Administrative Oversight and the Audit Bureau

Thursday, February 26, 2026 National 1 Min Read
The Competition and Anti-Monopoly Council affirms its respect for the jurisdictions of Administrative Oversight and the Audit Bureau

Tripoli – The Competition and Monopoly Prevention Council called on the Administrative Control Authority. It also called on the Libyan Audit Bureau. The council urged them to exercise self-restraint. It stressed prioritizing national interest. They must adhere to effective legislation. The council affirmed managing any differences in opinion within legal frameworks. This will enhance the stability of state institutions.

In a statement today, the council affirmed its full respect for both institutions’ mandates. It respected their role in protecting public funds. It also respected their role in preserving state institutions. The current phase demands utmost wisdom and responsibility. This will maintain citizens’ trust. It will also strengthen institutional stability.

The statement commended institutional efforts in implementing laws. It also praised their supervisory duties. It encouraged positive competition between the two bodies. This serves the public interest. It also boosts institutional performance efficiency.

The Competition and Monopoly Prevention Council stressed that all differences in opinion should be managed legally. This must reflect mutual respect. It should also enhance integration among state agencies. This will achieve the supreme national interest.

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Misrata Criminal Court sentences to death the perpetrator of a premeditated murder ...incident in 2020

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Governor of the Central Bank of Libya discusses in Washington with the US Department of ...State enhancing financial stability and supporting the bank's independence

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The Libyan Investment Authority Welcomes UN Security Council Resolution 2819 Regarding ...the Management of Its Assets

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