(October 31, 2005) The subject of corruption is taboo in Equatorial Guinea’s tightly-controlled media. But Obiang’s administration has been criticised abroad for misusing the country’s oil riches.
(December 24, 2004) Foreign critics say corruption has stopped the flow of petrodollars from trickling down to the whole population, but the government says it is investing the newfound wealth in social services and infrastructure.
(December 18, 2004) Business ties between Obiang and seven U.S. oil companies are the subject of a probe by the Securities and Exchange Commission, according to the companies and lawyers familiar with the investigation.
(October 9, 2004) New wealth has been almost exclusively used for the enrichment of the country’s leaders, writes leader of opposition party.
(September 8, 2004) The subject of corruption is taboo in Equatorial Guinea’s tightly-controlled media, but some of the government’s publicised spending choices are enough to set tongues wagging.
(September 7, 2004) Senate investigation reveals Riggs Bank independent consultant on Equatorial Guinea was a business partner of the country’s dictator, Teodoro Obiang Nguema, the bank’s biggest depositor.
(September 7, 2004) A U.S. Senate report paints "a damning portrait of financial impropriety and sleaze" in Equatorial Guinea says campaign group Global Witness.
(September 3, 2004) Rod Liddle says that Mark Thatcher’s latest difficulties reveal an extraordinary, even hilarious, degree of corruption and humbug in the West.
(August 5, 2004) The new wealth from oil development in sub-Saharan Africa has been used almost exclusively for the enrichment of political leaders, and as a consequence most of the population remains poor and unprotected.
(July 21, 2004) Officials in Equatorial Guinea say the international media are trying to destabilize the small west African nation in the wake of a U.S. Senate probe into controversial accounts held by president Teodoro Obiang Nguema at Rigg’s Bank.
(July 20, 2004) A Senate report found that a prominent Washington bank helped top officials of the West African nation of Equatorial Guinea steal hundreds of millions of dollars in oil revenues.
(July 15, 2004) Senate panel uncovers deals in West Africa.
(July 15, 2004) Congress finds millions were sent to the rich and powerful in Equatorial Guinea after a probe that started with the venerable Riggs Bank.