REAL MEANING Of Dynasty. Case Of Equatorial Guinea

75% of the people in Equatorial Guinea have no piped water, Electricity or a access to toilet but Teodoro Obiang Mangue isn’t one of them.

The African nation’s vice president—who is the son of the current president—regales his 116,000 Instagram followers with images from his high-flying lifestyle: a ride on a water jetpack, a spin in an F1 race car, a trip to Carnaval. He reportedly has indulged himself with a $100 million mansion in Paris, a $38 million jet, Ferraris, Aston Martins, and a host of Michael Jackson memorabilia, including a “$275,000 crystal-covered glove that Jackson wore on his ‘Bad’ tour.”
Anti-corruption investigators say his profligate spending has been financed with government funds—and it has to stop. This week, the British government sanctioned Obiang over accusations of rampant graft, amid claims that he has improperly spent over $500 million since he became a government minister in 1998. As part of the sanctions, Obiang’s assets will be frozen and he will be banned from entering the U.K.
“The action we have taken today targets individuals who have lined their own pockets at the expense of their citizens,” said foreign minister Dominic Raab in a statement. “Corruption drains the wealth of poorer nations, keeps their people trapped in poverty, and poisons the well of democracy.”

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The government of Equatorial Guinea did not immediately respond to a request for comment, nor did Obiang in a message to his personal Instagram account, though he has previously denied wrongdoing. Online, he is projecting an air of calm. On Friday morning he posted a pair of photos to his Instagram page, perched on the edge of a luxury armchair and grinning in a bright crimson blazer.
Obiang’s penchant for fancy things started young. He reportedly went to a private high school in Normandy, in France, then took English language classes at Pepperdine University, where he traveled around in a limousine and holed up at a rental house in Malibu and at the Beverly Wilshire Hotel, according to a 2007 report in the university’s newspaper. He rarely attended class, the paper said, and he was eventually asked to leave the program early.
Soon after, Obiang entered the Equatorial Guinean government. It was a family affair; Obiang’s father, Teodoro Obiang Nguema Mbasogo, seized power from his uncle in a 1979 coup and has ruled continuously ever since.
It was an auspicious time to join the family trade, as Equatorial Guinea was substantially expanding its oil exploration program. “It was one of the poorest countries when oil was discovered in the '90s, and it was also a country with very little administrative infrastructure,” Sarah Saadoun, a senior researcher at Human Rights Watch, told The Daily Beast. The newfound wealth quickly found its way into the pockets of the president and his inner circle, Saadoun says. “[The younger Obiang] is unique in the shamelessness of how he spends that money.”
Obiang allegedly found other ways to enrich himself, too. While serving as Minister of Agriculture and Forestry, for example, he “instituted a large ‘revolutionary tax’ on timber, but insisted that the payments be made directly to him” or to a company he owned, according to a 2007 memo from the U.S. Department of Justice. (Equatorial Guinea has argued that these actions were legal.)
Obiang’s official government salary at the time was $60,000, the Justice Department reported. Yet between April 2005 and the end of 2006, “at least $73 million was wire transferred to the U.S.” on his behalf and was used to buy a $35 million house in Malibu and a $33.8 million jet.
More legal tumult followed. In 2014, the U.S. government settled corruption allegations against Obiang, and he agreed to forfeit more than $30 million in assets. Three years later, a French court found him guilty (in absentia) of embezzlement, imposed a three-year suspended sentence, and confiscated tens of millions of dollars in holdings. One major point of contention was an enormous mansion in Paris that served as a personal residence for Obiang. The Equatorial Guinean government argued it was a diplomatic outpost, but a United Nations court later overruled that claim.
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Meanwhile, in 2018 the government of Brazil reportedly seized roughly $1.5 million in cash and $15 million in watches that Obiang and his delegation brought into the country. (Equatorial Guinea claimed the search was unlawful.) Foreigners could bring up to $2,400 in cash into Brazil, per domestic law; it was not a close call.
As for the United Kingdom, sanctions restrictions are reviewed on an ongoing basis, and at a minimum of every three years. Obiang can also lobby for their removal.
The legal trouble has shined a light on extreme wealth inequality in Equatorial Guinea. It’s the third-richest country in Africa, measured by gross domestic product per capita. At the same time, according to World Bank data, a third of the population lacks basic sanitation services.
For global governments, the challenge will be reappropriating funds and ensuring it isn’t simply siphoned anew. When the government of Switzerland auctioned off $27 million of Obiang’s cars in 2019, the most valuable among them, a Koenigsegg One:1, reportedly found its way back into his collection.

weak people don’t deserve anything in this life.

Na akifungwa usishangae ‘mtu wetu’ riots and looting spree.

[SIZE=3]ameweka ya Somalia na Namibia… wacha niweke Equatorial Guinea. Mbio mbio. :D:D:D[/SIZE]

Never did like black men who part their hair in the European fashion

All black men from the 1950s did it or styled a version of it. Mike Tyson brought it back in a modern stylish manner and all the kids on earth are still rocking it to this day.


Lakini nini husumbua negroes?

What do you mean. Have you ever had of queen Elizabeth

Why worship thieves who are stealing your hard earned money? Huyo VP wa Equitorial Guniea anafaa marisasi sio 1000s of instgram followers

Why are all blacks the same everywhere?

Do you mean HARD (Kumbao) or Heard (Kusikia) ama had (Kupata) for/of Queen Elizabeth?

Anyway poverty ya UK sio standard moja na poverty ya Equitorial Guinea, at least kuna Homeless shelters with Wifi, Clean water, Central heating and AC

How did some of these tiny African countries become stand alone countries? Djibouti, Eswatini, Lesotho, Togo, Benin, Equitorial Guinea, Guinea Bissau, Gambia, Sierran Leone, Liberia?

100 million mansion in France. Hapo ndipo jibu iko.

His father and himself are puppets and France is siphoning that country dry. The usual exploitation of resources in exchange of a rich life and protection.

Equitorial Guinea is a French colony today.


Imagine what all that money could have done for the poor people of equitorial Guinea. Now it’s gone to mzungu hands.
The only sensible leader in Africa is Paul Kagame. Hata kama anaiba minerals, he has great things to show for it. Sio hii utoto ya bonobos kununua Ferrari ama helicopter tano kama Ruto.
That money would have changed the lives of a lot of people in poor countries. And by the way we are not poor, hii ni uwongo propagated by mzungu. We are just rich and stupid if all those amounts can be looted from an economy and still utapata watu huko still alive.
Very sad mama Africa

Reminds me of our vice president who has five helicopters… Vanity!

France is energy insecure. That’s why they opted for nuclear energy not to be too dependent on Russia, american LNG or Middle Eastern Oil. African dictators in Francophone African from Mali to Niger(Uranium) to Gabon(Oil) and Equitorial Guinea(Oil) are protected by France in exchange for Oil.

If there was a god, someone like this should have surely been smitten by now. On paper E.Guinea should be at the level of Mauritius and Seychelles…lakini kwa ground vitu ni different. Poverty left right center. @Lionheart do you agree with me?

If they are protected why is the guy having his assets confiscated? Or maybe they just put on a show confiscating his stuff once in a while to pretend they are fighting graft.