The son of Equatorial Guinea’s president, Teodoro Obiang Mangue has been sanctioned by UK government for splashing a whooping sum of $275,000, about N113M to buy a glove worn by late king of pop, Michael Jackson.
Obiang, who is also vice president of Equatorial Guinea was on Thursday sanctioned by Britain for misappropriating millions of dollars which London said was spent on luxury mansions and private jets.
Foreign Secretary Dominic Raab said Obiang Mangue, had participated in “corrupt contracting arrangements and soliciting bribes, to fund a lavish lifestyle inconsistent with his official salary as a government minister”.
Britain said Obiang had bought a $100 million mansion in Paris, a $38 million private jet, a luxury yacht, and dozens of luxury vehicles including Ferraris, Bentleys and Aston Martins.
The foreign ministry said he also bought “a collection of Michael Jackson memorabilia including a $275,000 crystal-covered glove that Jackson wore on his “Bad” tour.
Recall that the French government seized many assets of Teodoro Obiang Mangue two years ago.
His father President Teodoro Obiang Nguema Mbasogo has ruled Equatorial Guinea since taking power in a coup in 1979, eleven years after independence from Spain.
According to the World Bank, the country grew rich in the past few decades due to the exploitation of its oil reserves, but more than 76% of the population live in poverty.
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