Dr. Ashraf Bader, the Libyan Investment Authority (LIA) head, has expressed serious concerns about the ambiguity surrounding the UN Security Council’s resolution on managing the LIA’s frozen assets. He demanded clarity regarding the implementation mechanism and timeline of the resolution, emphasizing that this lack of precision raises concerns about handling these vital funds.
Bader urged the implementation of all legal procedures to ensure the assets are properly managed., under the legal mandate of the LIA, which operates under the sole legitimate parliament. He warned that failure to follow these procedures could lead to a disaster with severe consequences.