₦airaland Forum

Teodoro Obiang Mangue, Vice President of Equatorial Guinea, and son of the current President, for his involvement in the misappropriation of state funds into his own personal bank accounts, corrupt contracting arrangements and soliciting bribes, to fund a lavish lifestyle inconsistent with his official salary as a Government Minister.

In a country where, according to UNICEF, a third of the population does not have access to even basic sanitation, investigations and media reports show that Obiang has spent over $500 million since he was appointed a government minister in 1998. This includes buying a $100 million mansion in Paris and others around the world, a $38 million private jet, a luxury yacht, dozens of luxury vehicles including Ferraris, Bentleys and Aston Martins and most notoriously, a collection of Michael Jackson memorabilia including a $275,000 crystal-covered glove that Jackson wore on his ‘Bad’ tour.

Kudakwashe Regimond Tagwirei for profiting from misappropriation of property when his company, Sakunda Holdings, redeemed Government of Zimbabwe Treasury Bills at up to ten times their official value. His actions accelerated the deflation of Zimbabwe’s currency, increasing the price of essentials, such as food, for Zimbabwean citizens.

Alex Nain Saab Morán and Alvaro Enrique Pulido Vargas engaged in serious corruption in Venezuela through their participation in two of Venezuela’s public programmes: the ‘Local Committees for Supply and Production’ (CLAP) and the Great Housing Scheme (GMV). In each case, contracts were improperly granted for the benefit of an official and/or for another person including Saab and Pulido themselves. In the CLAP programme, basic foodstuffs were provided at highly inflated prices. For GMV, Global Construction Fund only delivered a small proportion of the products they had agreed to deliver, misappropriating the remainder of the funds

Nawfal Hammadi Al-Sultan has been involved in serious corruption in his role as Governor of Nineveh province, Iraq, where he misappropriated public funds intended for reconstruction efforts and to provide support for civilians, and improperly awarded contracts and other state property. Al-Sultan is currently serving a combined five-year prison sentence in Iraq for corruption offences, including wasting five billion Iraqi dinars (approximately £2.5 million) through fictitious public works.

Nbotee:
Africa is cursed with human resources but blessed with natural resources

HonNL:
The sanctions target cases of serious corruption which have deprived developing countries of vital resources

Foreign Secretary Dominic Raab has today announced further sanctions on individuals under the UK’s Global Anti-Corruption sanctions regime.

This second set of Global Anti-Corruption sanctions targets corrupt individuals who have lined their own pockets through misappropriation, with their greed causing untold damage to the countries and communities they exploit.

The first set of UK sanctions under the global anti-corruption sanctions regime came in April, when 22 individuals allegedly involved in serious corruption cases in Russia, South Africa, South Sudan and Latin America were targeted.

The UK will impose asset freezes and travel bans against these individuals to ensure they will no longer be able to channel their money through UK banks or enter the country.

The new sanctions announced today target five individuals involved in serious corruption in Equatorial Guinea, Zimbabwe, Venezuela and Iraq. The individuals designated today are:



https://www.nairaland.com/5256497/swiss-auction-hypercars-seized-teodoro#79522232

His father has been President since 1979 through a bloody coup d'etat, and appointed Obiang as First Vice President in 2016.

https://ichef.bbci.co.uk/news/800/cpsprodpb/B646/production/_119526664_afp_gettyimages-106975372.jpg
Michael Jackson's "Bad" tour glove

All4fun:
The UK will impose asset freezes and travel bans against these individuals to ensure they will no longer be able to channel their money through UK banks or enter the country.



Sir with all due respect what about buhari won't you sanction him also?