Equatorial Guinea’s Elite: A Web of Corruption, Nepotism, and Expropriation
Equatorial Guinea, the small West African nation with a GDP per capita of $18,236, is infamous for its rampant corruption and nepotism. According to various governance indices and watchdog organizations, Equatorial Guinea remains one of the most corrupt countries in the world.
Corruption and Nepotism: A Long-Standing Tradition
Corruption and nepotism in Equatorial Guinea have existed since the early 1980s. Spanish and Portuguese farmland on Bioko Island was seized and distributed to a privileged few, the Nguema/Mongomo group, who have controlled the government ever since.
- Seizure of Spanish and Portuguese farmland on Bioko Island in the 1980s
- Distribution of land to Nguema/Mongomo group
- Control of government by privileged few
The Role of President Teodoro Obiang Mbasogo and his Inner Circle
President Teodoro Obiang Nguema Mbasogo, in power since 1979, and his inner circle have been accused of:
- Embezzling state revenues
- Transferring billions of dollars into personal foreign bank accounts
- Silencing opposition through force and intimidation
Examples of the Elite’s Corruption
Numerous reports have revealed the extent of corrupt practices by the ruling elite.
- $34 million transferred from oil-revenues account to secret bank accounts
- Luxurious properties purchased under false names in Washington, D.C.
The Consequences of Corruption
The consequences of corruption in Equatorial Guinea have been dire for its citizens.
- Thousands forcibly removed from their homes
- Limited access to education and healthcare
- Economic growth and development hindered
International Pressure for Change
As international pressure mounts for reforms, recent events offer a glimmer of hope.
- Removal of Teodorin Obiang from the ministry in 2012
- Exposure of Teodorin’s extensive personal wealth
Sources
- Open Society Foundations (OSF)
- Transparency International
- Amnesty International
- Freedom House
- U.S. State Department report