Tripoli court rules for LFB director Ben Yousef to resume his post

BY Libyan Express Mar 25, 2019 - 21:28 Updated: May 09, 2019 - 15:30

Director of Libyan Foreign Bank Mohamed Ben Yousef. [Photo: Libyan Express]

North Tripoli Court ruled Sunday to stop the order of the Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer of 2018 to dismiss the Director of the Libyan Foreign Bank (LFB) Mohamed Ben Yousef and his board of directors.

The ruling thus implicates that Ben Yousef is still the legal Director of the LFB and all the decisions made by the interim director and board are null and void.

Al-Kabeer ordered the dismissal of Ben Yousef and his board of directors in 2018, in addition to placing them under investigation without giving proper explanation and details for this step.

Legal practitioners were reported by media outlets as saying that the court’s ruling of Sunday is not subject to appeals.

The LFB was established in 1972 with a budget of 10.000.000 dinars approved by the CBL.

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