Newly elected Assembly takes power in Libya

Almost a year after Muammar Gadaffi was ousted, power has been handed over to a newly elected Assembly.

The National Transitional Council, formed as an interim body during Libya’s revolution, has now been dissolved.

The chief of the NTC, Mustafa Abdul Jalil, admitted the NTC’s failure in bringing stability to Libya, but said they governed in “exceptional times”.

The event is historically significant as Libya’s first peaceful transition of power in modern times.

Former leader Colonel Muammar Gaddafi came to power after a coup in 1969 and ruled for over 40 years before he was killed and his regime overthrown last year.

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