₦airaland Forum

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Collections of multi-million dollars Supercars and Hypercars, previously owned by the son of the president Equatorial Guinea, Teodoro Nguema Obiang Mangue, will be sold off during a Bonhams auction scheduled for September 29 near Geneva.

The 25 collections of supercars, which includes an Aston Martin One-77, Bugatti Veyron, Ferrari LaFerrari, Koenigsegg One:1, Lamborghini Veneno Roadster, Bentley, Rolls-Royce, Ferrari and McLaren P1, were seized by Swiss authorities in 2016 as part of a wider investigation by French authorities over his alleged misappropriation of state funds.

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Proceeds from the auction will be donated to social programs in Equatorial Guinea. Presently, about 76% of Equatorial Guinea's 1.2m population live in abject poverty.

A different collections of Hypercars that included two Bugatti Veyrons, a Ferrari Enzo and a Porsche Carrera GT, were also seized by French authorities in 2011 and sold in 2013 for $4 million.

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The 50 year old son of the president of Equatorial Guinea, who is also the vice-president of the West African country, is no stranger to controversy. Last year, authorities in Brazil, which limits people from entering the country with more than $2,400 in cash, seized more than $16m (₦5.8 billion) worth of cash and luxury watches from a 11-man entourage that accompanied him to the South American country.

African Leaders And Embezzlement! What Do You Think? 

https://autojosh.com/swiss-to-auction-off-25-collections-of-hypercars-son-of-equatorial-guinea-president/

See cars God ! looks like the toy cars we used as kids came to reality. all that money and he can't fix his hairline

when will same happen in nigeria?

aaah!..dis guy no get fear of God atallll...african rulers,enriching western countries since 1600...just negodu a country's commonwealth thrown into a deep ocean...see him head like rat wey enter groundnut oil.

Choi my man I follow him on instagram,
He is the seating Vice president of Equatorial Guinea his father is presido lol
Very corrupt bunch of idiots. They have enough money to feed and cloth the entire country but he spend's the cash on beauty Queens and useless luxury goods

And the money recovered will be given to who?

Really really sad

He taught that country was his country.
Ma.d thief.

African and corruption... They can't just invest their money wisely.

Serve him good.

Son of a b1tch.

They have cursed Africa smh

Agbaya. Hissssss!

He also gets funds from Buhari.
They were both roommates in UK hospital

Very ugly thing

Lord of mercy.vanity

Still wonder why God created Africans.

Of what use are they to recent civilization apart from greedy consumerism, blind religiousity and sexual obsession?

Corruption is too much in Africa

vanity upon vanity all is vanity

Wicked generation

They should also come and seize Buhari’s son's 50M bike
Nonsense!!!

Africans are dia problem


Thy don't like demselvs

Africans..... They thief with a close eye..

No mercy!!!!!

Yawa Don cas

Those 4 cars in the pictures are worth over $14m
Not to talk of his 21 other super cars,bottom line is Africa is cursed.

This man n his fada are just wicked n evil, Equatorial Guinea’s population is less than 2 million... like seriously 2 million. D president can actually take more than 60% of the country’s population out of poverty if he wants to but he does not want to, instead him n his yeye son they squander hundreds of millions of dollars on castles n cars around the world. Y are Africans like this?!?. The entire population of the country no even reach delta state population chai, this guy can actually make this country the envy of other African countries because they are few n the resources are there but nope he no wan do

The African mentality is sth else

But why? why are we so corrupt in Africa? who do an average African leader always abuse his office, Ghana football federation was axed because of corruption, same with CAF. like WTF!

Ok....An idiot would come and talk about how Europe is underdeveloping Africa...
It's alright

Na wah

Welcome to Africa the useful useless Continent in the world.

Kingosytex:
when will same happen in nigeria?

Never

Teodoro, my crush that year