Col. Muammar Gaddafi has been killed near his home town of Sirte, Libya's National Transitional Council (NTC) announced on Thursday (20 October).
Libya's ambassador to London Mahmoud al-Naku confirmed the dictator's death, saying "a curtain has been drawn on Gaddafi's crimes." He said the deposed Libyan leader had died at the hands of rebel forces.
In a statement, prime minister David Cameron welcomed the news, saying it was a triumph for "the many, many victims of this brutal dictator and his regime." He also paid tribute to the bravery of Libyan rebel forces.
In a press conference shortly afterwards, UN secretary general Ban ki-Moon said that now was the time "for all Libyans to come together."
Gaddafi was found hiding in a sewer after attempting to flee a NATO air strike that targeted the convoy he was travelling in out of Sirte.
He was reportedly cornered and shot in the legs and head in the early hours of Thursday morning. "There was a lot of firing against his group and he died," an NTC official said.
Eyewitnesses said he was shot at point-blank range. "Somebody shot him with a 9mm," a witness told Sky News.
NATO confirmed an air strike on pro-Gaddafi military vehicles near Sirte but could not say whether Gaddafi was in the convoy at the time.
Another representative from the NTC said that Gaddafi's body had been transported to the city of Misrata. "Gaddafi is dead, absolutely dead. He was shot in both legs and in the head," Abdullah Berrassali said.
The mood in Tripoli was euphoric as news of Gaddafi’s death filtered through, with crowds congregating on the streets of the capital and firing guns into the air to celebrate the final ending to the tyrant's 42-year reign.
"We've been waiting for this moment a long time," a spokesman for Libyan prime minister Mahmoud Jibril said.
Watch jubilant scenes of celebration in Tripoli this afternoon in a video from CNN, below.