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Gambia to seize multi-million dollar Libyan assets
Monday, 09 May 2011 12:38
(AFP) - The Gambian high court on Monday granted an application allowing the government to seize millions of dollars worth of Libyan assets
in the tiny west African country.Judge Awa Bah ruled that the Gambian goverment can take immediate possession and control of the Libya African Investment Company "until a government recognized by the United Nations is in place in Libya".
While the assets were not named in court, the investment company owns a multi-million dollar five-star hotel, the Jerma Beach, the Laico Atlantic Hotel in the capital, Banjul, said to be worth $18 million (12 million euros), and Dream Park, a children's amusement park.
"The court is convinced that the Libyan African Investment Company (Gambia) Limited is a creation of the Moamer Kadhafi-led government," Bah said.
"There is an urgent need to put in place interim measures to safeguard the assets and properties of the said company situated in The Gambia for the interest and benefit of the Libyan people."
Banjul last month said it was recognising the rebel Transitional National Council as the only legitimate body representing Libyan interests, and expelled Tripoli's diplomats while freezing all Libyan assets.
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Comments
You are the only one who is lost here because of your flip-flapping, or may I say, your attempt to deviate from the issue when pushed to a corner.
You see why I asked you to focus....?
Over & out on this one!
I am referring to the debate between you and Mr.Soriba as to what were the Gambians doing in Libya.You finally came to the dead end and became tongue tied.This is the first time i have noticed this in you.I hope that you have learned your lessons...hahahahaha,Come on Mr.Mike!
For I have tried to understand ..but cannot find any thread?
Comment (IF YOU ARE THE APRC-BATCH)
Bro Batch, how come then, now, yaya instead, turned round on ‘old bro Gadafi’, who made him Libyan, as in story? What assurances are in place, for the ‘ceased/frozen assets’ to be returned to the legitimate owners?? how sure are we that these businesses, & profits generated, will all be honestly handed over, at time of handing??? Evidences of the act will be keenly followed up, by the readership & Libyan people in particular; yaya can know the world’s watching. How’s he better than Gadafi, when innocent defenceless students were killed in April 2000?
I am still basking in Mr Bayang's analogy that I am a
"Child of The Universe"
Space..The final frontier.
Perhaps I shall boldly go where no man has gone before.?
To explore the "space" between the "great" Soriba's ears.
For it appears a strange dark planet full of mystery.
Are you on something, Mike?
Man, wake up & focus!
But you wouldn't want to step on its tail?
You seem so confused...perhaps you have fallen into your own trap..and now want to scream "Uncle"
By all means support President Jammeh and the APRC...I admire you for that.
I have always given support to The Gambian people...It is you who want to draw boundaries....I like to cross boundaries. The APRC like the UDP have some fine people.
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