Information Center: Economy
Criminal proceedings in France move forward against Teodorin for the acquisition of luxury cars and goods.
Economic crisis and the sociopolitical context: the solution lies on citizen participation and engagement. An interview with an Equatoguinean about the state of the country and the upcoming elections.
The country has again scored low in the 2013 Corruption Perceptions Index.
The Department of Justice re-filed claims against Teodorin’s property in California.
The French Indictment against Teodorin Comes after a Three-Year Investigation.
Teodorin's celebrations seem premature; the global investigations into his alleged involvement in massive corruption in Equatorial Guinea, his oil rich, but poverty stricken, home country, are far from over.
OSI prepared a summary of evidentiary materials submitted in May 2013 to the United States District Court for the Central District of California by the U.S. Department of Justice to support its claims for forfeiture of approximately $32 million of property owned by Teodorin Nguema Obiang of Equatorial Guinea, arising from allegations that it derives from the proceeds of extortion, misappropriation, bribery and other criminal conduct.
In this video-illustration, EG Justice and the celebrated artist, Ramon Esono Ebale explain the most relevant details of the U.S. Department of Justice cases against Teodoro Nguema Obiang "Teodorin", Vice-President, Senator, and son of the president of Equatorial Guinea.
Only Somalia ranks below Equatorial Guinea in the World Bank’s Statistical Capacity Indicators. International agencies report diverse and sometimes contradictory statistics on the country. The last national census, upon which many statistical indicators must be framed, is not convincing. Although the data are unreliable, there is general agreement that the socioeconomic situation of the population is poor and may even be getting worse despite rapid growth in national income. Social development must begin with the selection of the critical issues, and proceed through the formulation, implementation and evaluation of policies. Each phase requires credible, objective statistics. Efforts to improve the limited statistical base for Equatorial Guinea should take into account the unique situation of this society, which has a legacy of extreme underdevelopment and isolation, and a reign of terror that was arguably more intense than those in Cambodia or Rwanda. Added to this mix is the large current injection of petrodollars that is bringing rapid changes to a society that is not experienced in policy analysis and decision making. Equatorial Guinea might benefit from study of the progress in statistical capacity that has been made in its neighbor countries of Cameroon and Sao Tome and Principe. The World Bank
Statistical Capacity Indicators for these two countries have shown significant improvements in recent years.
“Over $10 Billion Missing” in Equatorial Guinea: Lack of Transparency Means Illicit Outflows Will Continue.
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