Teodoro Obiang otherwise known as Teodorin who is notorious for his \u2018playboy\u2019 lifestyle was found guilty, convicted, and fined last month by an appeal court in France for using public money to fund his lavish lifestyle. Teodorin is Equatorial Guinea’s vice-president and at the same time, the son of the country\u2019s current president, who is Africa’s longest-serving leader.<\/p>\n
Obiang could be said to be an opportunist as he was a minister of agriculture and forestry before he was elevated to the vice president by his father who has been ruling their \u201coil-rich\u201d country for 40 years \u2013 and impliedly; in a position that could ease his way to take over the mantle of leadership someday.<\/p>\n
This \u201coil-rich\u201d country is Africa’s only Spanish-speaking nation, rated in the continent as the third-biggest oil producer. Perhaps, this open vault for corruption, embezzlement, repressive laws, and rights abuses… Leading the country to an ironic stance that made more than half of its 1.2 million populations to be living below the poverty line, Al Jazeera reveals.<\/p>\n
The root of their administration is not only tainted but painted with coup; extra-judicial killings; lawlessness in law and power intoxication as the father of the convict overthrew his own Uncle, Francisco Macias Nguema in a bloody coup sometime in August 1979 making him the president thereafter and later appointing his son as vice president. Thus, this is where the story begins…<\/p>\n
Teodorin Obiang: Vice President as Playboy<\/strong><\/p>\n Transparent as glass, due to the fact of flooding his social media handles with modern cars, gold-plated houses, expensive suits, and others. The case spurred before the French courts after two anti-corruption NGOs of Transparency International and one similar non-government organization, called Sherpa nosed his flamboyant lifestyle.<\/p>\n Though he is 51 years old, he is fond of expensive assets. Many reports online revealed how he owned fast, expensive cars and how he is fond of Michael Jackson memorabilia. He allegedly owns \u201ca six-storey, 107 million-euro ($116.7m) mansion in an upscale part of Paris, complete with a hammam, a disco, and gold-plated tap.\u201d<\/p>\n Prior to his conviction, many of his property have been auctioned off, including a collection of luxury cars seized by authorities, later auctioned by Switzerland. Prosecution supporting their locus standi, <\/em>revealed a \u201cfleet of Bugattis, Lamborghinis, Bentleys, Ferraris, a Rolls-Royce Phantom among other cars as evidence.\u201d<\/p>\n According to Al Jazeera news, he was reported to have mangled and milked his country\u2019s milk as he laundered a huge sum of money. The \u201cprosecutors estimate he laundered 150 million euros ($163.6m) in misappropriating funds in France.\u201d<\/p>\n In reference to a publication published on one.org<\/em> by Lauren Pfeifer titled, \u201c9 insane things Teodorin Obiang spent his allegedly embezzled money on<\/em>\u201d, the analysis therein exposed how Obiang spent and has been spending money lavishly. Despite the fact that he held a modest government post in Equatorial Guinea that entitled him an estimated US$80,000 a year, he was reported to have managed through corruption and money laundering, make some insane purchases \u2014 all while three-fourths of Equatorial Guinea\u2019s population reportedly lived on less than US$1.25 a day.<\/p>\n From Michael Jackson Memorabilia tuning US$3.2 million to a 16th-century gold vermeil elephant once owned by Yves Saint Laurent, reportedly bought for US$467,000. Also on record is the US$700,000 300-foot yacht he reportedly rented while dating rap star Eve plus two Bugatti Veyron supercars worth US$1 million each. So the list goes. As revealed, the \u201cmoney spent on these two cars alone is enough to vaccinate more than half of Equatorial Guinea\u2019s children against life-threatening diseases.\u201d As exposed on one.org<\/em>, he usually purchases, using anonymous shell companies– which are secretive companies that sheath the \u201cidentities of their real owners, making it difficult, if not impossible, for legal authorities to follow the money and uncover the crimes those companies are used to commit.\u201d But the question is, is this not turning to stereotypes at the instance of African leaders?<\/p>\n \u00a0<\/strong><\/p>\n Blooded Head, Not Bowed<\/strong><\/p>\n Despite surrounding cum direct evidence, Obiang yarn truth in lies; stating that he had a legitimate source – hiding under the canopy of diplomatic immunity. Lashing him by a fine of 30 million euros ($32.9m) for embezzling public funds seemed to seem nothing to him. In fact, three years jail term was suspended but the confiscation of his assets also seemed no order to him.<\/p>\n The scratch of his case- in 2017, he had been found guilty by a French court of having milked his country’s state treasury in financing his \u201cjet-set lifestyle\u201d in Europe, and even that time, he had never attended his trial, and just as that, he was also not in court for the ruling; perhaps, because his \u201cdignity\u201d.<\/p>\n For his dignity \u2013 he claimed through his lawyers; denying the charges, maintaining that his wealth had come from legitimate sources. In fact, reports emerged online that his lawyers previously accused France of “meddling in the affairs of a sovereign state”.<\/p>\n Funny how, Obiang, after he was alleged to have misused public funds, could be boasting that some of the confiscated ill-gotten <\/em>assets are protected under international law. But the question of fact remains; should Diplomatic Immunity be used to shield government officials from being prosecuted abroad even when a case of embezzlement, breach of public of trust, or money laundering is unveiled?<\/p>\n Oil-Rich Country, Poverty Clothed Citizens<\/strong><\/p>\n One can assert that assets accumulated flamboyantly by Obiang could also be one of the items fuelling poverty in Equatorial Guinea. Let think of social projects yearning for attention in Equatorial Guinea and let think of Obiang’s lavish spending arresting crook and cranny of Africa nations. Where is the justification?<\/p>\n Little need to be wondered as reports confirmed that his conviction was premised on laundering charges – \u201crelating to the embezzlement of public funds, misuse of corporate assets and breach of trust.\u201d<\/p>\n According to a publication on The Independent Zimbabwe<\/em> by Crispen Manjonjo titled \u2013 \u201cPrimitive accumulation of wealth: None but ourselves\u201d.<\/em> The author made a complete analysis of \u201clike father like son\u201d \u2013 the father bankrupted his own country \u2013 \u201cemptied its coffers and pillaged its resources.\u201d Yet the son, care not spending lavishly around the world!<\/p>\n Equatorial Guinea despite being rated as Africa\u2019s third-biggest oil producer amount to nothing for the citizens as \u201cTransparency International rated Equatorial Guinea 173rd out of 180 countries on its 2019 Corruption Perceptions Index.\u201d<\/p>\n Despite being slapped by such a huge fine, reports emerged that immediately \u2013 within minutes after the judgment was pronounced, \u201cadamant\u201d<\/em> Obiang yet posted his latest motorbike on Instagram. Glaring? This is the effect of \u201cLeaders for Life\u201d.<\/p>\n His glamorous lifestyle has made him popular on social media and his recent saga also has made him to be in the news. His playboy lifestyle also aided anti-corruption campaigners to nose and dug his story – of embezzlement of public funds. Thus, no gainsaying that; rife poverty bedeviling Equatorial Guinea is not man-made poverty.<\/p>\n Public Fund, Public Trust Not Meant Broken<\/strong><\/p>\n Contemporary, the rate of breaching public trust in African nations is no strange. This has in fact accorded stereotypes to the continent and some African nations have been equated with criminality; ignorance and inequality. The real question is – are African leaders not aware that breach of public trust is tantamount of putting their countries on to the verge of collapse.<\/p>\n No wonder, one of the lawyers of the NGOs \u2013 Transparency International which belled the case emphasized that the effect of sanctioned on Obiang would serve as a deterrent message to other leaders with the same mindset.<\/p>\n As reported on The Independent<\/em>, the lawyer was quoted saying; \u201cIt is a strong and powerful signal to those who believe that a culture of impunity is the indispensable means to organize and maintain a system of predation of public resources in Africa or elsewhere.\u201d<\/p>\n But when will African leaders wake up to the truth that the syndrome of \u201cLeaders for Life\u201d births nothing but right abuses \u2013 arbitrary arrests; unlawful detentions; restriction of freedom of expression; and more undemocratic steps? When will African leaders know that embezzling of and privatizing public funds would not only spur economic stagnation but also showcase greediness \u2013 how illegal accumulation of wealth has been regarded as a vein to their bodies? When will they wake up?<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Teodoro Obiang otherwise known as Teodorin who is notorious for his \u2018playboy\u2019 lifestyle was found guilty, convicted, and fined last month by an appeal court in France for using public money to fund his lavish lifestyle. Teodorin is Equatorial Guinea’s vice-president and at the same time, the son of the country\u2019s current president, who is […]<\/p>\n","protected":false},"author":2,"featured_media":1367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":8,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"Qiraat Africa","source_url":"","via_name":"","via_url":"","override_template":"1","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[1],"tags":[297],"class_list":["post-1366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis-reports","tag-teodoro-obiang"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/1366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=1366"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/1366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/1367"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=1366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=1366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=1366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSo, the list goes, ranging from a private Gulfstream jet, worth US$38.5 million to 300 bottles of Chateau Petrus, which reportedly cost \u20ac2.1 million to mansions in Malibu, California valued around US$150 million \u2013 which were later sized though. He yet bought an art collection featuring works estimated at more than US$30 million and yet he was alleged to be operating more than 200 banks accounts.<\/p>\n