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EQUATORIAL GUINEA

EQUATORIAL GUINEA: The country wants another mandate at the head of the OHADA Council of Ministers

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Equatorial Guinea held the rotating presidency of the Council of Ministers of OHADA, the Organization for the Harmonisation of Business Law in Africa, for the financial year 2020. However, as a result of this year’s Covid-19 health crisis, the country was unable to meet its commitments and implement the action plan it had set for itself. Therefore, it is seeking another mandate for 2021 to cover the program that was established.

At the OHADA Extraordinary Council of Ministers held on 4 December 2020 in the city of Sipopo, Equatorial Guinea, the country requested from the 16 member countries a possible extension of its mandate to approach 2021. During a technical meeting chaired by the Permanent Secretary of OHADA, Emmanuel Sibidi Daraukoum, the Secretary of State at the Ministry of Justice and Worship, Rimé Bosio Riocalo, hopes, on behalf of the Government, that the member countries will respond favourably to this request and grant Guinea another mandate.

The pandemic has knocked out the economies of many countries struggling to fight the disease. The Equatorial Guinean government thus considers this year 2020 as a “desert” year that could not allow a full achievement of the set objectives.

OHADA is an intergovernmental organization for legal integration. It is composed of 17 Member States and remains open to any Member State of the African Union.

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CENTRAL AFRICA

EQUATORIAL GUINEA – Country sanctions four Brazilian companies after diplomatic dispute

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Equatorial Guinea announced on Wednesday 14 June 2023 that it had ordered the “preventive seizure” of 80 billion CFA francs (over 120 million euros) of assets of four Brazilian companies established in the country after a diplomatic dispute in 2018.

According to AFP, in September 2018, more than $16 million (around €14.7 million) in cash and jewellery had been seized by the Brazilian authorities in the luggage of a delegation accompanying the vice-president of Equatorial Guinea, Teodoro Nguema Obiang Mango.

Known as Teodorin, he is the son of Equatorial Guinean President Teodoro Obiang Nguema Mbasogo, who has been running the country since 1979, the world record for longevity in power for a head of state living outside monarchy.

As the delegation was not on an official mission, only Teodorin enjoyed diplomatic immunity and the other 11 members of the delegation had their luggage searched by the Brazilian customs and were interrogated, had at the time indicated Brazilian media.

Brazilian law prohibits entry into the country with a quantity of species greater than 10,000 reais (about 1,900 euros).

Since that incident, the Equatorial Guinea Public Prosecutor’s Office had filed a claim for “damages” before the Equato-Guinean courts after learning “The seizure, appraisal and auction of goods of the Republic of Equatorial Guinea, including the property that houses the diplomatic services in the city of Sao Paulo,” says a statement issued by the Equatorial Guinea-Vice Presidency on Wednesday.

The Equatorial Guinean justice has granted this request and recognized an injury of 80 billion CFA francs (121.8 million euros) to the benefit of Equatorial Guinea which may be compensated by the “preventive seizure of property” of four Brazilian construction companies “owned by the State”: ARG, LTDA, ZAGOPE, and OAS GE, says the Vice-President.

The injury may also be “charged against the credit balances” of these companies to the public administration, adds the same source.

The Brazilian authorities have not acted on AFP’s demands in the immediate future.

“Finally, after five years, Equatorial Guinea has done justice thanks to its own institutions after the diplomatic incident in Campinas (Sao Paulo State), in Brazil in 2018,” Teodorin said on Twitter.

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EQUATORIAL GUINEA

EQUATRIAL GUINEA – Malabo closes embassy in London after sanctions against vice president Obiang

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Equatorial Guinea announced on Monday the closure of its embassy in London following sanctions imposed for alleged corruption by the United Kingdom against Equatorial Guinea Vice-President Teodorin Obiang Mangue, who is also the President’s son, have we learned from official sources.

Thus, Malabo will “proceed with the total closure” of its diplomatic mission in London, said Monday Simeon Oyono Esono, Minister of Foreign Affairs on TVGE, state television.

Vice President Obiang Mangue was sanctioned last Thursday by the British authorities, who accuse him of “embezzlement of public funds” and bribes that would have allowed him to finance a lifestyle considered lavish.

Image Contrast
In the country, man maintains a carefully elaborated image.
In a profile published at the end of June on YouTube on the occasion of its 53rd anniversary, the press service of the vice presidency portrays Obiang as an accomplished senior official.

A military officer with the rank of Major General, he was responsible for the defence of the country. Previously, he was Ambassador to UNESCO and had previously served as Minister. He is also the owner of the only privately owned media company in Equatorial Guinea, Asonga Radio and Television. A philanthropist, he is nicknamed “Santa Claus of Equatorial Guinea”, says the video.

But in the Western world, Mr. Obiang is perceived in a completely different way.
Son of 79-year-old Teodoro Obiang Nguema, who has ruled Equatorial Guinea for over 41 years, Teodorin – Teodoro Nguema Obiang Mangue for civil status – reportedly spent more than $500 million on the acquisition of luxury residences around the world, a private jet, cars and collectibles related to singer Michael Jackson.

He had also been named in various so-called “ill-gotten goods” cases in Switzerland and the United States. Accusations he dismissed.

“Interference”
We do not allow interference in the internal affairs of our country,” said the Minister of Foreign Affairs, continuing that the sanctions “violate the principle of international law”.

These measures, which include freezing assets and prohibitions on entry into the UK, were taken as part of an anti-corruption sanctions regime that had already punished 22 individuals from six different countries in April.

“The baseless sanctions imposed by the British government are justified by the manipulations, lies (…) promoted by some non-governmental organizations against the good image of Equatorial Guinea”, the Equatorial Guinea authorities reacted on Saturday, calling for the lifting of “unilateral and illegal” sanctions.

Source : VoaAfrique 

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CENTRAL AFRICA

EQUATORIAL GUINEA – The fate of Teodorin Obiang suspended by the decision of France

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The Court of Cassation of France is due to rule, this Wednesday, July 28, 2021, on the appeal lodged by Teodorin Obiang, Vice-President of Equatorial Guinea and son of President Teodoro Obiang Nguema.Sentenced in Paris on 10 February 2020 to three years in prison with a suspended sentence and a fine of €30 million, the 52-year-old politician filed an appeal to hope that the sentence would be annulled. The Court of Cassation will have two options: to consider that it is not up to France to rule on these ill-gotten assets or to confirm the conviction and proceed with the restitution of these assets to the Equatorial Guinea population.

Teodorin Obiang, Vice-President of Equatorial Guinea, expects, this Wednesday, July 28, the response of the French Court of Cassation following the action he filed after his conviction on 10 February 2020 for having fraudulently disposed of a wealth estimated at 150 million euros in French territory. The French justice system must therefore rule on this sentence imposed on the son of President Teodoro Obiang Nguema. The French High Court had two options: to declare itself incompetent by holding that the facts had taken place in Equatorial Guinea or to confirm the award and to immediately demand the restitution of ill-gotten property.

Teodorin Obiang, 52, who is responsible for the defence and security of his country, is renowned for his taste for the good life, luxury and comfort. In particular, it has built up a car fleet valued at €5.7 million, composed among others of three Bugatti, one Rolls-Royce and two Maserati. Among the assets seized during the judicial investigation is a luxurious building located on Avenue Foch, and estimated at 107 million euros, in one of the most exclusive neighborhoods of Paris.

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