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عين ليبيا
Baiyo highlights banking corruption concerns
The head of the Libyan General Authority for Media, Mohamed Baio, issued an urgent appeal to the Governor of the Central Bank of Libya, Naji Mohammed Issa, to support efforts to cleanse the Libyan banking system from corruption and organized crime. Baio praised the progress made by the Central Bank's administration, particularly in expanding electronic transactions and reducing the liquidity crisis. However, he emphasized that corruption in the banking sector has reached unprecedented levels, including a significant gap in exchange rates, the exploitation of illicit wealth to purchase bank shares, the dominance of certain families over the majority of shares, and traders using large sums of money to achieve illegal profits. He also accused the Economic and Social Development Fund of failing to pay the financial rights of needy groups, describing it as a "den of financial corruption." Baio called for the initiation of a "comprehensive cleansing process" and broad support from nationalists, considering that such a step will go down in Libyan history as a courageous stand against corruption.
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