No Result
View All Result
Thursday, October 16, 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 Libya

Controversy and confusion surrounds $200m Tunisia deal

byGeorge Grant
November 24, 2012
Reading Time: 3 mins read
A A
Controversy and confusion surrounds $200m Tunisia deal

Protesters held up placards accusing Magarief of overstepping his remit. In fact, the loan was agreed to by the NTC, around the time of Baghdadi Al-Mahmoudi's extradition. (Photo: Maha Ellawati)

By George Grant and Maha Ellawati.

Protesters held up placards accusing Magarief of overstepping his remit. In fact, the loan was agreed to by the NTC, around the time of Baghdadi Al-Mahmoudi’s extradition. (Photo: Maha Ellawati)

Tripoli and Benghazi, 24 November:

Demonstrators gathered in front of Benghazi’s Tibesti Hotel following Friday prayers yesterday . . .[restrict]to protest over National Congress President Mohamed Magarief’s announcement of a $200 million development package to Tunisia.

The Congressman announced delivery of the funds alongside Tunisian President Moncef Marzouki during a visit to the country on Thursday.

The move has sparked protests on the streets and online, with objectors describing the move as “a waste of public money” and calling into question Magarief’s authority to make such a decision in the first place.

RELATED POSTS

Acting Director of Benghazi’s Hawari General Hospital in 2018-19 detained for LD 1.48 million medicines and supply corruption

Libya’s Tika Construction Chemicals company exports another shipment of its Xtreme porcelain tile adhesive and grouting materials to Grenada

“Qaddafi used to squander Libya’s wealth outside the country for the past 42 years”, one protester in Benghazi said. “Now it seems Magarief has come to carry on this legacy”.

Demonstrators seemed largely to be of the view that this had been a unilateral decision by Magarief, and one he had no authority to make. “Who gave Magarief the right to dispose of Libyan money?” asked an angry group yesterday, adding that they did not elect 200 members of Congress only for one man to have all the power. The protesters also demanded a separation of powers between the legislature and the executive, which they claimed was absent from Libya at present.

What was missed, however, is the fact that this loan was agreed upon several months ago, right around the time that Tunisia agreed to the extradition of former Libyan Prime Minister Baghdadi Al-Mahmoudi.

“This is an old decision made by the NTC and the Kib Government”, said Benghazi Congressman Alaeddin Magarief. “It was agreed just before the handover [from the NTC to the Congress]. There was some discomfort from GNC members at the time, but nothing we could have done, because it was already approved”.

Mahmoudi was extradited back to Libya on 24 June, just under a fortnight before the 7 July Congress elections. At the time, it was widely rumoured that a deal had been struck with the Tunisian government to secure the exchange, including offers of cut-price oil supplies along with a multi-million dollar investment.

Tunisia’s Justice Minister Noureddine Bhiri vigorously denied any suggestions of a financial deal, insisting that “the extradition process took place after completion of all legal justifications by the relevant judicial authorities”.

Whilst the Libya Herald has received no official confirmation that the $200 million loan was directly linked to the Mahmoudi extradition, it is known that a similar deal was struck over the extradition of Qaddafi’s former spy chief Abdullah Senussi a little over two months later.

Coincidentally, it was rumoured at the time that the Libyan government had agreed to invest $200 million in the impoverished West African state, although the government denied that any direct payment had been made.

“We have agreed to increase the level of Libyan investment in Mauritania, but I cannot give a specific figure”, a senior official told the Libya Herald on the day of Senussi’s extradition on 5 September. “However, there has been no direct financial payment to the Mauritanian government in exchange for Senussi’s release.” Asked if the new investments were a direct response to Mauritania’s decision to hand over Senussi, the official replied, “of course”.

Contacted by the Libya Herald, the office of Prime Minister Ali Zeidan said it was unable to comment on the Tunisia loan as the prime minister was not making statements on any issue for the next week whilst he finalised the makeup of his government.

Neither Congress spokesman Omar Hmaidan nor Mohamed Magarief himself could be contacted today.

Officials have said that the $200 million is a loan, not a gift, and will be repaid to Libya in full. It is also being reported that the package is $100 million loan and $100 million gift, but this has not been verified as yet.

  [/restrict]

Tags: $200mBenghazifeaturedLibyaMahmoudiTunisia

Related Posts

LTT and GIA sign cooperation agreement on electronic connectivity
Libya

General Information Authority organizes workshop to prepare a national strategy for artificial intelligence in cooperation with ESCWA

October 16, 2025
US conducts 57 anti IS airstrikes in Sirte
Libya

AFRICOM Deputy Commander visits Libya, announces Libyan participation in ”Exercise Flintlock 2026”

October 16, 2025
‘‘U.S. experts’’ visit Sirte’s single pivot agricultural irrigation circles – 87 irrigation circles will be restarted in 2025
Libya

National Development Authority signs contract to develop Sirte’s Mahari Hotel and the Guest Palaces area in line with Libya’s 2030 Vision

October 13, 2025
Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter
Libya

Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

October 13, 2025
No saviour for Libya except through constitutional based elections to end transitional periods: Grand Mufti
Libya

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

October 12, 2025
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Two detained in Aman bank Ajdabiya branch for LD 1.063 million fraud to trade in foreign currency

October 10, 2025
Next Post
Libya – The Awakening

Libya - The Awakening

A concert to remember at the Waddan

A concert to remember at the Waddan

libyaherald-Ads

Top Stories

  • Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    0 shares
    Share 0 Tweet 0
  • Emirates Airlines security delegation visits Tripoli to begin Mitiga Airport inspection tour

    0 shares
    Share 0 Tweet 0
  • After its withdrawal from circulation of certain banknotes, CBL reveals that currency printed unofficially in Russia totalled to 6.5 billion dinars

    0 shares
    Share 0 Tweet 0
  • IOM identifies 894,890 migrants in Libya from 45 nationalities in May-July 2025 reporting period – 18 percent up on 2024

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

    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

CBL signs cooperation agreement with World Bank within Reserves Advisory and Management Programme (RAMP)

“Enhancing the Interaction between Finance and Entrepreneurship” workshop held in Misrata

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.