The Libyan Interior Minister Fathi Bashagha has reiterated the need to fight corruption and set up the right basis for a state of democracy in Libya, adding that his ministry is ready to contract financial auditing firms to boost transparency in its work.

Bashagha added that any financial and administrative measures for any directorate or apparatus affiliated with the Ministry of Interior that don't comply with the transparency procedures will be stopped.

He called on all security departments' heads to take up their responsibilities and prevails security in Tripoli and take all measures and follow all rules as per the Ministry's laws.

Bashagha met Monday the Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabir, and they both signed an agreement to cooperate in efforts to curb operations of corruption, money laundering and terrorism.

The Interior Ministry said the agreement aims to complete the agreed upon measures that target drying up terrorism funding sources, and fighting money laundering as well as corruption in Libya, as per the last Wednesday meeting for the national committee.