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Boina123
1 Views · 7 months ago

Equatorial Guinea’s vice-president records his lavish lifestyle on Instagram, but it is unclear where his money comes from. He is currently being tried for embezzlement and money-laundering in France, where a verdict will be announced this week.

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Meet one of Instagram's most famous playboys. He tours the world, driving fast cars and eating at the world's finest restaurants. He even gets hip-hop stars like Wyclef Jean to play at his lavish parties posting his exploits on his Instagram account. But this isn't your typical Instagram star.

He's the vice-president of a country, Equatorial Guinea. A small country in west Africa with a lot of oil.

Teodoro Nguema Obiang is the second-most-powerful man in the country. His father is the world's longest serving president, Teodoro Obiang Nguema. The Obiang family has amassed a fortune running into the hundreds of millions of dollars. But how have they made their money?

Equatorial Guinea has some of the most opaque national accounts in the world. Per head it is the richest country in Africa, yet people live in plastic-shack poverty. The most recent figures available from the World Bank suggest that three-quarters of the population live below the poverty line. But the presidential family seem oblivious to the poverty.

If the country is so wealthy, where is all the money going?

Tutu Alicante is a lawyer from Equatorial Guinea who is in exile in the United States. He runs an organisation that is trying to tackle corruption in his homeland. He knows first hand how the massive theft of public money has left little behind to fund public services.

While most of the population live in squalid conditions, Teddy splashes the cash, showing off his wealth on his Instagram account. Often using the hashtag luxury living he reveals a life of privilege and excess. Court papers say he amassed around $300m worldwide between 2000 and 2011, despite having an official government salary of less than $100,000 a year.

The Department of Justice alleged that Teddy embezzled millions of dollars from the public purse as cabinet minister. The Department of Justice agreed a settlement of around $30m with Teddy.

This year Teddy has found himself on trial again. This time in a separate case in France charged with embezzlement and money-laundering. After being unsuccessful in claiming diplomatic immunity he failed to show up to any of the court hearings. Instead, he posted videos on Instagram of himself on safari near Victoria Falls.

The French court valued his assets in France at around €100m, including a large property bought for €25m in Paris. The French public prosecutor has asked for a three-year jail sentence, €30m fine, and all of Teddy's assets in France to be seized.

The vice-president denies the charges.

The future for Equatorial Guinea looks bleak. The president is ageing and his son is preparing to take over. The spendthrift strongmen of Equatorial Guinea are not the only presidential family in Africa who are under investigation for embezzling from the public purse. The presidents of Gabon and the Republic of Congo are also being investigated by judges in France.

But Teddy's had a busy time of late posting from the beaches of Brazil to the Great Wall of China. There are plenty of countries where regulators turn a blind eye to despots who want to hide their ill-gotten gains. But their secrets are increasingly being leaked and it helps if the autocrats themselves do the leaking, via Instagram.

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Boina123
1 Views · 7 months ago

Former Gambian President Yahya Jammeh on Saturday evening finally boarded a flight and left The Gambia with Guniean President Alpha Conde. They are believed to be heading for the Guinean capital, Conakry.

Jammeh in his usual white apparel was seen waving at a group of people who had gathered at the airport as he entered the plane. Some reports also indicate that Jammeh will proceed from Conakry to Equatorial Guinea.

It is not clear which other members of his entourage left with him but journal…
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Boina123
0 Views · 7 months ago

President Teodoro Obiang Nguema blames the military for "negligence" after four explosions rocked a military camp in Equatorial Guinea and surrounding areas killed at least 105 people.

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Boina123
0 Views · 7 months ago

*Equatorial Guinea has granted amnesty to activists and members of the opposition ahead of a “national dialogue” this month, a decree signed by the Central African nation’s president said on Wednesday.*

The move is seen as a goodwill gesture before the talks involving government, opposition, religious and other groups planned for July 16 to 21.

The decree was welcomed with caution by rights group Amnesty International, which said in a statement that a similar promise in 2014 had never material…
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Boina123
1 Views · 7 months ago

An officer and a soldier of Nkoa-Toma military camp, Equitorial Guinea are on trial for negligent homicide after explosions claimed 107 lives.

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Boina123
1 Views · 7 months ago

A series of explosions at a military base in Equatorial Guinea have killed at least 15 people and wounded 500 others.
President Teodoro Obiang said negligence over the use of dynamite at the base at Bata city had caused the incidents but provided no other details.
Hospitals are overwhelmed by the number of patients being admitted and have called for blood donations.

Al Jazeera’s Nicolas Haque reports.

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Boina123
0 Views · 7 months ago

Teodorin Obiang Mangue, vice-president of Equatorial Guinea and son of the president, was sanctioned on Thursday by London for the "misappropriation of public funds"

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Boina123
1 Views · 7 months ago

Teodorin Obiang, vice president of Equatorial Guinea, has been found guilty of embezzling money to buy property and luxury cars. He is also the son of the country's president. He was sentenced in absentia by a French court.

Al Jazeera’s David Chater reports from Paris.

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Boina123
0 Views · 7 months ago

Early election results released by Equatorial Guinea’s government shows the ruling party winning over 99 percent of votes counted so far in the presidential, legislative, and municipal elections held on Sunday, November 20.

The oil-producing Central African state is run by 80-year-old President Teodoro Obiang, the world’s longest-ruling head of state, who is seeking to extend his 43 years in office.

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Boina123
0 Views · 7 months ago

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Equatorial Guinea: Son of leader Theodoro Obiang faces graft charges
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Boina123
0 Views · 7 months ago

Wongel Zelalem reports on Equatorial Guinea Vice President spending $75K a night at a New York penthouse.

Boina123
3 Views · 7 months ago

"If Paris goes ahead with expelling our diplomats from our embassy building, we will give the French ambassador 24 hours to leave the territory of Equatorial Guinea," Obiang warned on Twitter.

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Boina123
1 Views · 7 months ago

Equatorial Guinea announced on Monday it was closing its embassy in London after the United Kingdom imposed sanctions against Teodorin Nguema Obiang, the vice president and son of the country's veteran president, over corruption allegations.



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Boina123
0 Views · 7 months ago

The European Union has expressed worry over the political, human rights and security situation in Equatorial Guinea.

According to the E.U., the Central African nation – a current member of the United Nations Security Council "must take all necessary steps to fulfil its international obligations regarding human rights and fundamental freedoms."

A statement issued early this month by the E.U. also stressed the need for Malabo to conclusively probe the death in detention of an opposition member a…
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Boina123
0 Views · 7 months ago

Equatorial Guinea President Teodoro Obiang Nguema Mbasogo, who has ruled for more than 43 years, is seeking a new and 6th term in office in the Presidential elections slated for this November, according to the vice president on Friday.

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Boina123
0 Views · 7 months ago

Equatorial Guinea has confirmed its first outbreak of the Marburg virus, a highly infectious and deadly disease similar to Ebola, following the deaths of at least nine people, the WHO said.

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Boina123
1 Views · 7 months ago

Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | Dirty Deeds (2004)

This is the story of a tyrant, possibly the worst in the world. He's vicious, he's venal and he's robbing his country blind. His country is the African hell hole called Equatorial Guinea. And no one would have even heard or cared about it - if they hadn't discovered vast oil deposits just off shore. So much oil, in fact, that at the rate this tiny country is growing, in 10 years it could be the richest in the world. Trouble is, most of the oil money's being pumped directly into the president's pocket. He's living like a king, while his people starve.

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Boina123
0 Views · 7 months ago

Equatorial Guinea abolished death penalty, state television announced Monday, citing a new law signed by President Teodoro Obiang Nguema Mbasogo.
The president's son who serves as one of the country's vice-presidents lauded the move he called "historic" on Twitter.

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Boina123
0 Views · 7 months ago

Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo has taken the lead in Sunday’s presidential election. The Interior Minister unveiled the provisional results Monday (Nov 21).

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Boina123
0 Views · 7 months ago

With more than 43 years at the helm, Obiang holds the record for the longest-serving head of state outside of a monarchy.

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