Revealed: Portions of Libya frozen assets in UAE given to strongman Haftar

Abu Dhabi Commercial Bank [Photo: Internet]

The United Arab Emirates has provided the Libyan commander of east-based self-proclaimed army, Khalifa Haftar, with portions of Libyan frozen assets in Abu Dhabi, the second deputy of the High Council of State (HCS) Mohamed Imazib disclosed Saturday.

Imazib, according to local Libyan TV Channel: Alnabaa, said the HCS received vital information that Libyan frozen assets in UAE banks were used to fund warlord Haftar in east Libya.

Haftar commands a self-styled Libyan National Army (LNA) that is given a political cover by the House of Representatives in Tobruk, which is the rival authority to the UN-backed Government of National Accord and its Presidential Council in Tripoli.

“We are not sure, though, of the exact amount of frozen assets in the UAE, nor are we sure of the sums of money given to Haftar by Abu Dhabi.” Imazib added.

Mohamed Imazib – High Council of State second deputy head [Photo: Internet]

He voiced also concern over the Libyan assets frozen in Arab and African Banks.

“The Presidential Council is trying to unfreeze “partially” the assets of Libya overseas so the country can invest with that money in many development projects.” He added.

Imazib also indicated that the reports about the disappearing of 10 billion euros in Belgium – Euroclear Bank – are “fake news.”

Le Vif, a Belgian weekly paper, reported Thursday that 10 out of 16 billion euros of Libyan frozen assets at Euroclear Bank in Belgium evaporated between 2013 and 2017.

The report was denied by the Foreign Minister Belgium and by the Libyan Investment Authority and both called the reports “fake news.”

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to Please include ‘Op-Ed’ in the subject line.
You might also like

Submit a Correction

For: Revealed: Portions of Libya frozen assets in UAE given to strongman Haftar

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.