Displaying items by tag: Equatorial Guinea

Revelations by courageous investigative journalists reveal kleptocracy in Equatorial Guinea. A recent cross-border investigation exposed how Gabriel Mbega Obiang Lima - the President’s son, and the country’s oil minister - may have siphoned off millions in state funds and bribes abroad. Journalists tracked down an international web of shell companies and properties linked to him, including a Cyprus company and its subsidiaries in other countries. Another corruption investigation, released this week, implicates two more individuals related to the Obiangs who run Equatorial Guinea's state oil company. Journalists discovered the oil industry power couple had luxury properties around the world that even their hefty pay packages cannot explain. In Cyprus they purchased a €2.5 million villa to obtain golden EU passports. The international community needs to make it much more difficult, and eventually impossible, for the kleptocrats to enjoy the proceeds of their crimes, deterring them from stealing from their people in the first place.

Recently three huge blasts and a series of smaller explosions from a military base damaged or destroyed almost all homes and buildings in Bata, a city of over 250,000 people. The first explosion was so big that people were shouting ‘This is a bomb, this is a bomb!’ UN satellite images suggest at least 243 structures were completely destroyed and nearby buildings severely damaged, with scorched vegetation. Pray for the residents of Bata trying to come to grips with the full scale of a disaster that killed at least 105 people and injured over 600. 482 people have been discharged from hospitals but many remain untreated. Hospitals are overwhelmed. Pray for aid to be released to the homeless who once lived in the destroyed blocks of housing. The devastation was caused by poorly-managed stores of explosives. But no matter the cause, the road to recovery will be long and daunting.