EQUATORIAL GUINEA: INVESTIGATING FINANCIAL CRIMES AT THE HIGHEST LEVELS

==============================================

A Country of Contrasts

Equatorial Guinea, a country with a per capita gross domestic product greater than that of Italy, South Korea, or Saudi Arabia, is struggling to provide basic necessities for its citizens. Over 60 percent of the population lives on less than $1 a day, despite the country’s abundance of natural resources including oil and gas.

Where Has All the Money Gone?

The question remains: where are the billions of dollars from these resources going? The Open Society Justice Initiative is working to uncover the truth behind this financial disparity by investigating corruption at the highest levels of Equatoguinean government and society.

Collaboration for Justice

In collaboration with Asociación Pro Derechos Humanos de España in Spain, and EG Justice in the U.S., the Justice Initiative has launched a criminal investigation in Spain into alleged money-laundering perpetrated by 11 family relatives and close associates of President Teodoro Obiang Nguema.

Uncovering Corruption

Furthermore, the project has filed a complaint with the African Commission on Human and Peoples’ Rights accusing Obiang and his family members and cronies of massive “spoliation” - the theft of natural resources and attendant wealth from the people to whom they should belong.

Background Information

This paper examines government corruption in Equatorial Guinea, how it works, and the devastating consequences for its citizens. It provides background information for lawyers, human rights advocates, and journalists interested in corruption and its consequences in Equatorial Guinea.

Corruption: A Complex Web

Corruption in Equatorial Guinea is a complex web of embezzlement, bribery, and money-laundering that has left the country’s economy in shambles. The country’s wealth is controlled by a small elite, with President Obiang and his family members at the helm.

Lack of Transparency

The government’s lack of transparency and accountability has allowed corruption to flourish, perpetuating poverty and inequality.

Consequences of Corruption

The consequences of corruption in Equatorial Guinea are dire. Chronic hunger, poor sanitation, frequent blackouts, and disease are just a few of the issues plaguing the country. The education system is crumbling, and access to healthcare is limited.

Infrastructure in Disrepair

The country’s infrastructure is in disrepair, with roads, bridges, and buildings in desperate need of maintenance.

Ongoing Investigation

The investigation into corruption in Equatorial Guinea is ongoing, but it is clear that the country’s citizens will not see justice until those responsible are held accountable. The Open Society Justice Initiative and its partners will continue to work tirelessly to uncover the truth behind this financial crisis and bring about meaningful change to this troubled nation.