Libya central bank announces completion of governor handover
The bank says signed transfer documents completed the administrative process for Fauzi Abokhzam to succeed Naji Mohamed Issa.
The Central Bank of Libya has announced that Fauzi Abokhzam has taken over the governor’s responsibilities from Naji Mohamed Issa, following a formal handover attended by members of the bank’s board and department directors.
The bank said the two sides signed records of the transfer, documenting the duties and responsibilities passing to the new governor. It described the signing as the final administrative step in the handover, completing the institution’s approved procedures.
According to the bank, the arrangements were intended to keep its operations running without interruption during the leadership change. It also presented the process as an expression of its commitment to stable administration, institutional governance and compliance with the legislation governing its responsibilities.
Issa received a tribute during the ceremony in recognition of his work and contributions while governor. The bank’s announcement identified him as the outgoing officeholder and Abokhzam as his successor.
The transfer followed an appointment decree issued by the House of Representatives on 2 November 2026, according to a separate central bank announcement about Abokhzam’s oath of office. That statement provides the dated parliamentary step preceding his formal assumption of duties.
A report published on parliament.ly said lawmakers meeting in Sebha accepted the former governor’s resignation and selected Abokhzam at the same session on 2 November. It put support for the decision at 78 votes, with 90 members attending.
The central bank said Abokhzam subsequently took the constitutional oath in front of the House speaker and several lawmakers. In its account, taking the oath fulfilled the legal conditions for him to begin exercising the governor’s duties.
The exact dates of the oath and handover ceremonies are unclear. Both bank announcements carry publication dates of 9 November but refer to different weekdays, while Libya Herald’s report, dated 8 November, said the handover had been completed that day.
Sources
- cbl.gov.ly — primary source: Central Bank of Libya Completes Final Handoverof Governor’s Responsibilities · Governor of the Central Bank of Libya, Dr. Fauzi Abokhzam, Takes the Constitutional Oath Before the House of Representatives · accessed 2026-11-09
- Libya Herald — media: Central Bank of Libya completes official handover procedures for the outgoing and new Governor · accessed 2026-11-09
- parliament.ly — media: عاجل · accessed 2026-11-09
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