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Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) - Foreign Affairs - Nairaland

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Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Explorers(m): 12:17pm On Oct 12, 2019


An auction house in Switzerland has sold 25 luxury cars including Ferraris, Rolls-Royces and Lamborghinis that Geneva authorities seized from the son of Equatorial Guinea's president in a money-laundering probe.

Swiss authorities say the sale Sunday by auctioneer Bonhams fetched £21.9 million, with the proceeds going to a charity to benefit the people of oil-rich Equatorial Guinea.

The sale took place at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland.




https://www.dailymail.co.uk/news/article-7517715/Luxury-cars-seized-son-Equatorial-Guineas-president-sold-Switzerland.html

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Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Explorers(m): 12:17pm On Oct 12, 2019
When Swiss authorities seized the cars, they also ordered the sequestration of a yacht.

However, it was later released in an arrangement under which Equatorial Guinea agreed to pay Geneva authorities £1.1 million 'notably to cover procedural costs'.




Pictured(1&2).

A white-and-cream Lamborghini Veneno roadster, one of only nine such versions produced, was the star of the auction.

Having been driven only 325 kilometers (201 miles).

Iwas expected to fetch at least £4.3 million.

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Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Explorers(m): 12:18pm On Oct 12, 2019
Teodoro Nguema Obiang Mangue (pictured), the son of the Equatorial Guinea's four-decade president, Teodoro Obiang, was probed over money laundering and mismanagement of public assets, which led to the seizure of the luxury fleet of cars.

Equatorial Guinea president's son, who is also a vice president, has been ensnared in legal trouble elsewhere.

Last year, Brazilian officials said $16 million (£13 million) in undeclared cash and luxury watches that were seized from a delegation he led may have been part of an effort to launder money embezzled from the country's government.

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Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by CaptainMitch: 12:19pm On Oct 12, 2019
Africa has a leadership problem, the leaders are mostly kleptomaniacs. God safe us. cry

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Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by armadeo(m): 12:20pm On Oct 12, 2019
I see you.




Following .....
Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by YOUNGELDER1(m): 12:35pm On Oct 12, 2019
Sell them all !! angry
Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by seuncyrus(m): 12:47pm On Oct 12, 2019
Africa my Africa , Na who swear for us like this sad cry

63 Likes 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Trustme2(m): 12:52pm On Oct 12, 2019
Ok

3 Likes 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by tillaman(m): 12:53pm On Oct 12, 2019
And people in their country are wallowing in abject poverty, what kinda person travels with $16 million in cash wtf??
African Leaders and their insatiable greed
I really hope they are all brought to book soon Lord knows
A country where not everyone can afford to put 3 square meals on their table
A whooping 10Billion

85 Likes 3 Shares

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by luminouz(m): 12:53pm On Oct 12, 2019
Black leaders and embezzlement!!!

You would think they eat the cash bills with the greedy way they keep piling them everywhere. Vaults,soakaways,cemetery, bunkers and all sorts.
Some die suddenly and these hoards end up blessing the rat populations around where they were kept.


TUEH!!!

52 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by CarGuideNG: 12:54pm On Oct 12, 2019
Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by computerglobal(m): 12:54pm On Oct 12, 2019
cool

1 Like 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by fait10(m): 12:57pm On Oct 12, 2019
sadguu

2 Likes 2 Shares

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by michlins(m): 1:06pm On Oct 12, 2019
When Swiss authorities seized the cars, they also ordered the sequestration of a yacht. 

However, it was later released in an arrangement under which Equatorial Guinea agreed to pay Geneva authorities £1.1 million 'notably to cover procedural costs'.


See business these people are using Africa dey do. He laundered money into your economy, you accepted and went ahead to seize and charge the country for seizing it. I am tired of these oyibo thieves. To our African leaders, we allowed them to run amok. It's our fault and not theirs

66 Likes 2 Shares

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by SchoolNaScam001: 1:12pm On Oct 12, 2019
Poor country and someone has that much to throw around ?
Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by aro1(m): 1:24pm On Oct 12, 2019
The people are the only natural disaster that we have in africa,this is not leaders alone,we are all bad!

9 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by StPete: 1:41pm On Oct 12, 2019
My God! Africa is in a deep mess with all of these greedy bastards in power. Look at what our own President’s son was driving too that nearly cost him his life

9 Likes 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by hisgrace090: 1:49pm On Oct 12, 2019
In a country as poor as Equatorial Guinee.

5 Likes 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Treasure17(m): 2:25pm On Oct 12, 2019
No sane country in Africa honestly. You acquired all these to proof what exactly. Most of these kids only thrives on looted funds without recourse to reasoning.. Quite disheartening.

24 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by daddytime(m): 2:33pm On Oct 12, 2019
Thieving apes who belong in the wild or zoos.

Even the original apes would marvel at their animalistic thieving and greedy beings.

Tueeeh

11 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by dont8(m): 2:37pm On Oct 12, 2019
Just wondering, what do they discuss in Addis Ababa when holding AU meetings?

No infrastructural development to replicate, but corruption on a wide scale.

44 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Rextizzy: 3:10pm On Oct 12, 2019
This is why Africa will never move forward...

5 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by error4040: 3:47pm On Oct 12, 2019
I wonder how some people think, like seriously how would you be comfortable living a lavish life with the BirthRight of Others.


modafucker

9 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by folake4u(f): 3:57pm On Oct 12, 2019
angry Please when are they coming to Nigeria!!
Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by UnknownJr: 4:40pm On Oct 12, 2019
Can u see the sense of a black man.

I tire for Africa o

14 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by tck2000(m): 5:07pm On Oct 12, 2019
dont8:
Just wondering, what do they discuss in Addis Ababa when holding AU meeting?

No infrastructural development to replicate, but corruption on a wide scale.
i wonder o

11 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by bestman09(m): 6:31am On Oct 13, 2019
angry

2 Likes

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by Criticaltemp: 6:32am On Oct 13, 2019
Father president, son vice

5 Likes 1 Share

Re: Teodorin Nguema Obiang's Seized Supercars Sold For ₦10 Billion (Pictures) by StrikeBack(m): 6:32am On Oct 13, 2019
cool
I'm black but we are CURSED.

13 Likes 1 Share

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