Breaking News

Breaking: Dos Santos misappropriated over $24 Billion –Lourenço

Last updated on September 11th, 2021 at 08:20 am

President of Angola, Joao Lourenço continues to probe immediate past president José Eduardo Dos Santos.

In a detailed interview with the BBC, Lourenco estimated that the united states misplaced up to US$24 billion bucks underneath the former administration of president José Eduardo dos Santos.

According to the president, over half of the figure US$13.5 billion dollars, had been diverted through fraudulent contracts with kingdom oil employer Sonangol, one of Angola’s leading institutions.

It’s Twice the country’s internet overseas forex reserves. The Wall Street Journal referred to that the discern printed by João Lourenço was once no longer independently confirmed, but is “consistent with the considerable sums” already seized ultimate yr from Isabel and Filomeno dos Santos, the former president’s children.

Since José Eduardo dos Santos stepped down after 37 years as the head of state, Dos Santos’ family, and particulary former Sanangol president Isabel Dos Santos, has been focused by using the anti-corruption measures Lourenço introduced in 2017.

Isabel Dos Santos whose property have been seized after being named a suspect in a corruption investigation. She denies any wrongdoing and accused Luanda of persecuting her.

(AFP)

Albert Echetah

Recent Posts

UAE Crown Prince Arrives in Ethiopia for WorldWithout Hunger Conference

The UAE’s Crown Prince of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed AlNahyan was in Addis Ababa…

November 5, 2024

Zimbabwe’s rich (Mbingas) linked to state looting

Gilbert Machokoto, a former teacher, said that setting up a business in the late 1980s, shortlyafter Zimbabwe's independence, was ‘like…

November 4, 2024

Historic Shift in Botswana as PresidentConcedes to Opposition Victory

Following elections in which the party that had ruled the diamond-rich nation for almost 60years suffered a historic setback. Botswana's…

November 4, 2024

Lightning Strike at Uganda Refugee CampClaims 14 Lives, Including Children

A lightning strike at a refugee camp in Uganda kills 14 people including children with 34 othershospitalized. The incident happened…

November 4, 2024

From television hopeful to red carpet royalty: Kuhle Adams’ journey frompresenter to South Africa’s biggest awards

From TV hopeful to red carpet royalty, Kuhle Adams' journey is a remarkable story of talentand perseverance. Beginning as an…

November 3, 2024

Breaking Barriers: Kenya’s First FemaleCoach in Men’s Premier League MakesHistory

A new dawn in African football dawns as Jackline Juma is set to become the firstwoman to coach a men’s…

November 3, 2024

This website uses cookies.