Word: obiang
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...report says that Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea's president, relied on American lawyers, bankers and real estate agents to bring a total of $110 million in suspected dirty money into the U.S. via a complex system of shell accounts. The report also described how Omar Bongo, who ruled Gabon for nearly 42 years until his death last June, transferred $18 million into a U.S. account with the help of an American lobbyist. Similarly, the ex-wife of former Nigerian Vice President Atiku Abubakar is alleged to have helped shift $40 million into U.S. banks...
...vast majority of tainted money transfers is the self-enrichment of corrupt officials who've pilfered public funds, not terrorism. And that's clear outside the U.S., as well. In France, Transparency International has brought a case against three African leaders - Congo's Denis Sassou Nguesso, Equatorial Guinea's Obiang and Bongo's estate in Gabon - claiming they allegedly used public funds to purchase around $200 million in French properties for themselves. A group of Cameroonian nationals based in France has also lodged a lawsuit in Paris accusing Cameroon President Paul Biya of buying French homes worth hundreds of millions...
...TEODORO OBIANG NGUEMA MBASOGO Equatorial Guinea 30 years He deposed and executed his uncle to take power. State-owned radio has declared him a "god" in "contact with the Almighty...
...modern structures of President Teodoro Obiang’s government and family, the deplorable slums of Malabo are a visual hypocrisy staring everyone in the face. Tackling government corruption and greed in a developing context is admittedly a challenging task, but that is perhaps not even the real issue. Obiang could easily invest in bringing Malabo and the rest of the country’s infrastructure into the 21st (20th?) century and still have plenty of money left over to squander...
...walk down these muddy streets filled with garbage, tangled power lines, and the roar of gasoline-powered generators, I wonder if Obiang himself has ever taken the same stroll and seen the same things. To keep these citizens living in conditions like this for perhaps no other reason than laziness or gross contempt is hardly indicative of a growing democracy...