The Chairman of the National Oil Corporation (NOC) , Mustafa Sanalla, accused on Sunday the governor of the Central Bank of Libya (CBL), Siddik al-Kabir, of wasting oil revenues through failed contributions and unfair spending on certain regions to create power centres.
In his statement, Sanalla said that oil revenues went to “fat cats” and “dinosaurs”, which they obtained through fake letters of credit from the Central Bank.
Sanalla said: “The oil money will be kept safe, until there is transparency, or it will be given to the Libyans, but you give it to one “thief” for a dinar and 40 piasters, and he sells it for 10 dinars: “No!”.
According to the NOC chief, 186 billion in revenue from the sale of crude oil have been collected and transferred to the Central Bank of Libya in recent years, but living conditions have deteriorated and most of the revenues went to fat cats.”
Nevertheless, sanalla asked Al-Kabir: “In recent years, we have obtained 186 billion from sales of oil and its products, so where did this money go?
Sanalla said that Libya is going through a very, very dangerous predicament; Because of the “failed” monetary policies of the Governor of the Central Bank of Libya.