Profits gotten from the sale of a beachfront mansion in California, belonging Teodorin Nguema Obiang Mangue, the eldest son of Equatorial Guinea’s president that was part of millions of dollars’ worth of assets seized by the United States Department of Justice (DOJ), in 2011 will be used to fund the purchase of covid-19 vaccines.
The other assets included a private plane, a fleet of luxury cars, and a high-end collection of art, jewelry, and memorabilia purchased through an anonymous US company while Teodorin’s official salary as Agricultural Minister was less than $100,000 per year.
After years of negotiations, the DOJ transferred $19.3 million of the $30 million in assets forfeited by Teodorin to the United Nations, to pay for 1.2 million Moderna Covid-19 vaccine doses through COVAX for around 1.2 million Equatoguineans yet to be vaccinated.
The US will still have $10.3 million to return to Equatorial Guinea.
Teodorin, who is now Vice President, has been aggressively defended by the Equatorial government that dismissed the international corruption investigations as neo-colonialist interference in the country’s politics.