Administrative Oversight Authority Detains Three Employees of the Commercial Bank – Tarhuna Branch for Causing Financial Losses to the Bank.
libyawire.org > News > Culture > Administrative Oversight Authority Detains Three Employees of the Commercial Bank – Tarhuna Branch for Causing Financial Losses to the Bank.
Tripoli, January 28, 2026 – The Administrative Control Authority has suspended three employees of the National Commercial Bank – Tarhuna branch for causing financial losses to the bank.
According to the Authority’s official page, the investigating member of the Authority examined the facts that the branch of the Commercial Bank in Tarhuna incurred financial losses due to accepting electronic clearing checks without sufficient balance to cover them, amounting to 24,000,000 Libyan dinars; a result of negligence and dereliction of duty by some bank employees; which led to several companies benefiting.
It stated that the investigating member recommended the suspension of (N – M – A) in his capacity as head of the sales department responsible for clearing at the bank “formerly”, and (A – A – A) in his capacity as head of the clearing department at the bank branch, and (M – A – S) in his capacity as former branch manager of the bank, from work as a precautionary measure; to preserve the evidence and documents of the crime or to prevent influencing witnesses, leading the head of the Authority to issue a decision to suspend them from work.
It indicated that, in execution of the Authority’s role and upon completion of its investigations into the case file; it was handled by referring the accused to the Disciplinary Council for Financial Violations; according to its jurisdiction.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, serving as a major port and cultural crossroads. Its historic core, the medina of Old Tripoli, contains significant architecture from these various periods.
Administrative Control Authority
The Administrative Control Authority is an Egyptian government body established in the 1960s, primarily responsible for combating corruption and ensuring integrity within state institutions. It operates with investigative and oversight powers to monitor administrative and financial violations across the public sector.
National Commercial Bank
The National Commercial Bank (NCB) is a major financial institution in Saudi Arabia, founded in 1953. It holds the distinction of being the country’s first bank and played a pivotal role in the development of the Saudi banking sector.
Tarhuna
Tarhuna is a city in northwestern Libya historically known for its ancient Roman and Byzantine ruins, including the remains of granaries that supplied the Roman Empire. In more recent history, it gained notoriety during the 2011 Libyan Civil War and subsequent conflicts as a significant stronghold and battleground.
Disciplinary Council for Financial Violations
The Disciplinary Council for Financial Violations is a judicial body in Iran responsible for adjudicating financial and administrative offenses committed by government employees and institutions. It was established to enforce fiscal discipline and combat corruption within the public sector, operating under the country’s General Inspection Organization.
