26, July 2021
France Afrique: Equatorial Guinea closes its UK embassy 0
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 for allegedly syphoning state assets into his own bank accounts.
Foreign Minister Simeon Oyono Esono told national TV that he did not “accept interference” in the central African state’s “domestic affairs,” and said the sanctions were “breaching the principle of international law”.
“The first decision that the government has taken is the total closure of our diplomatic mission in London,” Foreign Minister Simeon Oyono Esono told state broadcaster TVGE.
He gave no details as to when the decision would take effect.
Equatorial Guinea on Saturday lashed the sanctions as “unilateral and illegal”.
“The baseless sanctions imposed by the British government find their justification in manipulation, in lies… that certain non-governmental organisations are fomenting against the good image of Equatorial Guinea,” it said.
The younger Obiang “has not made any investment in the United Kingdom”, the government added.
This reaction from Equatorial Guinea comes days after British government decided to freeze Obiang’s assets and bar him entry to the United Kingdom.
According to British autorities, the president’s son would have concluded corrupt contracting arrangements and solicited bribes to support his jet-setting lifestyle.
They claim he has splurged $500 million on mansions around the world, luxury cars and a collection of Michael Jackson memorabilia including a $275,000 crystal-covered glove that the singer wore on his 1987-89 “Bad” tour.
Allegations that resonate with charges brought against him in France, where he is accused of money laudering.
The junior Obiang is already entangled in a dispute with France over a 107-million-euro mansion on Paris’s swanky Avenue Foch that was seized along with a fleet of luxury cars in a probe into so-called “ill-gotten gains.”
In February 2020, a French court handed him a three-year suspended sentence, a 30-million-euro fine and confiscation of his assets in France.
A final ruling by the Court of Cassation, the paramount tribunal in France’s judicial system, is expected on Wednesday.
“A step in the right direction”
The only Spanish-speaking country in sub-Saharan Africa, Equatorial Guinea is one of the most enclosed nations on the continent, and many of its people live in deep poverty despite oil wealth.
Its ruler Obiang, 79, is the world’s longest-serving sitting president and is frequently accused by rights groups of abuses.
In 1979, he ousted his uncle Francisco Macias Nguema, who had ruled the country since independence from Spain in 1968, and had him shot by firing squad.
His son Teodorin, 53, is vice president with responsibility for defence and security and has long been considered as his likely successor.
Tutu Alicante, head of EG Justice, a group that campaigns for human rights in Equatorian Guinea, said the sanctions were, “a step in the right direction, which shows that corruption is not victimless crime.”
Most of the country’s 1.4 million citizens have no access to running water or decent education, said Alicante, who lives in exile.
The economy has been badly hit since a slump in oil prices in 2014 crimped government revenue.
In its 2020 budget, Equatorial Guinea allocated 95 billion CFA francs, the equivalent of $170 million to defence spendings, compared to 59 billion francs to education.
Source: Africa News























27, July 2021
CPDM Crime Syndicate: Paul Biya Stadium contractor Magil stands by for an $89m lifeline 0
Initially led by the Italian Gruppo Piccini, the construction of the Paul Biya Stadium is now being handled by Magil construction.
The Canadian company Magil has been drawing on its own funds to carry out work on the Paul Biya Stadium, which is due to welcome the Africa Cup of Nations in January and February 2022. Now, it desperately wants to be paid.
The Biya criminal gang in Yaoundé recently pleaded for a suspension of interest payments on its sovereign debt with the right hand and with the left hand the regime called on the banks to loan it more money to enable it to complete construction of the Paul Biya Stadium.
All what the so-called CPDM barons claimed to have done with the money received for the Africa Cup of Nations project ranges from plain fiction to the absurd.
Correspondingly, Franck Mathière, the vice-president of the group building stadiums for the Biya Francophone Beti Ewondo regime returned to the country in April after obtaining a suspension of the Interpol Red Notice against him. The Frenchman was detained in Ukraine after Nigeria issued the warrant.
The appearance in Yaoundé on 15 April of the vice-president of Canadian group Magil Construction, Franck Mathière, alongside sports minister Narcisse Mouelle Kombi raised eyebrows both in Yaoundé and Abuja.
How could the Frenchman have returned when only a few weeks earlier, he was banned from leaving Ukraine due to an Interpol Red Notice issued against him? His case has set tongues wagging in Nigeria – which issued the international arrest warrant in 2018, accusing him of corruption – but in Cameroon, where Magil is leading the construction of the Olembe stadium he is seen as a messiah.
While his country is struggling to pay contractors who are laboring to build a football stadium in his honour, Mr Paul Biya returned to his Swiss Intercontinental Hotel last week and reportedly had a brain surgery in Geneva.
Herbert Schott, the former general manager of the Intercontinental Hotel wrote in his book L’Hôtelier published in 2007 that the 88-year-old President Biya’s loyalty to the 5-star Intercontinental hotel borders on obsession. Since his accession to the presidency until 2017, the estimated cost of his stays amounted to $ 65 million (FCFA 36 116 697 500).
To be sure, the man who has engineered the worst corruption machinery in Cameroon’s history spends $ 40 000 (FCFA 22 168 161) per night for the entire Biya delegation.
By Rita Akana with files from Africa Intelligence