Equatorial Guinea Diverts Seized Funds To Procure COVID Vaccines
Sep 21, 2021 ·
1m 5s
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Description
The US justice department says that $26.6m seized from Equatorial Guinea's Vice-President Teodorin Nguema Obiang Mangue will be spent on Covid vaccines and other medical programmes in the West African...
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The US justice department says that $26.6m seized from Equatorial Guinea's Vice-President Teodorin Nguema Obiang Mangue will be spent on Covid vaccines and other medical programmes in the West African state.
An official in a statement says wherever possible, kleptocrats will not be allowed to retain the benefits of corruption.
The justice department says the agreement stated that $10.3m of the money from the sale would be forfeited to the US and the rest would be distributed to a charity or other organisation for the benefit of the people of Equatorial Guinea,
The UN is to receive $19.25m to purchase and administer Covid vaccines to at least 600,000 people in Equatorial Guinea, while a US-based charity is to get $6.35m for other medical programmes in Equatorial Guinea.
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An official in a statement says wherever possible, kleptocrats will not be allowed to retain the benefits of corruption.
The justice department says the agreement stated that $10.3m of the money from the sale would be forfeited to the US and the rest would be distributed to a charity or other organisation for the benefit of the people of Equatorial Guinea,
The UN is to receive $19.25m to purchase and administer Covid vaccines to at least 600,000 people in Equatorial Guinea, while a US-based charity is to get $6.35m for other medical programmes in Equatorial Guinea.
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