Financial Transparency Coalition

A new Global Witness report, ‘The Secret Life of a Shopaholic: How an African dictator's playboy son went on a multi-million dollar shopping spree in the US', strongly suggests that Teodorin Obiang, son of the dictator of oil-rich Equatorial Guinea, purchased a $33 million private jet, a $35 million Malibu mansion, speedboats and a fleet of fast cars using corruptly acquired funds. The report goes on to explain how, despite the ample evidence against him, the investigation is going nowhere and Teodorin continues to be allowed into the U.S.

In response to a recent report from Human Rights Watch highlighting widespread corruption in the oil-rich nation of Equatorial Guinea, the country’s government has lashed back, calling such accusations by human rights groups “blackmail.”

JOHANNESBURG (AP) — A human rights group said Thursday that government officials in tiny Equatorial Guinea have used tens of millions of dollars in oil profits to buy lavish homes, cars and vacations while leaving citizens in miserable poverty.