The Libyan Investment Authority (LIA) is reported to have suddenly replaced its chairman.
According to a report from The Telegraph, former minister Abdulrahman Benyezza was replaced by Hassan Ahmed Bouhadi, and the board has also formerly appointed former World Bank official Ahmed Ali Attiga as its new chief executive.
The move is being viewed as part of the battle between the Islamists and the official elected government in Tobruk for control of the $60-billion sovereign wealth fund, consolidating Tobruk's position, but Islamists are understood to have occupied the LIA's official office in Tripoli and forced its management to effectively run the fund from Malta.
(Source: The Telegraph)
