The Head of the Presidential Council (PC) of the UN-proposed government Fayez Al-Sirraj appointed the Foreign Minister Mohammed Sayala as the acting Financial Minister without giving further details why the minister, Osama Hamad, had been dismissed.

The Minister of Finance was absent from a meeting at the central Bank of Libya's headquarters in Tripoli on Monday, which rose a lot of questions knowing that finance was the subject matter of the meeting.

Al-Sirraj appointed Sayala as new Finance Minister in a meeting about finance and oil in the presence of PC member, Ahmed Mitig, governor of the Central Bank of Libya (CBL), Siddiq Al-Kabeer, the Chairman of the National Oil Corporation (NOC) Mustafa Sanallah, and the CEO of the Libyan Investment Authority (LIA) Ali Mahmoud.

"Hamad was not sacked but replaced by Sayala till he come back to his position as usual." Sources close to the PC explained, saying he is now sick and is receiving treatment.

Whereas other sources said a dispute between Hamad and Al-Sirraj due to the former's involvement in corruption cases was the reason behind the replacement.

The PC did not comment on the issue until now.