Hata kama nchi ina natural resources kiasi gani kama kuna corruption,nchi haifiki popote, angalia mfano wa equotorial guinea.
Equotorial Guinea is a small country at the west coast of Central Africa. Despite a per capita GDP (PPP) of more than US$30,000 [1] (CIA Factbook $50,200[2]) which is as of 2006 the fourth highest in the world, Equatorial Guinea ranks 121st out of 177 countries on the United Nations Human Development Index.
In July 2004, the US Senate published an investigation into Riggs Bank, a Washington-based bank into which most of Equatorial Guinea's oil revenues were paid until recently, and which also banked for Chile's Augusto Pinochet. The Senate report, as to Equatorial Guinea, showed that at least $35 million were siphoned off by Obiang, his family and senior officials of his regime. The president has denied any wrongdoing. While Riggs Bank in February 2005 paid $9 million as restitution for its banking for Chile's Augusto Pinochet, no restitution was made with regard to Equatorial Guinea, as reported in detail in an Anti-Money Laundering Report from Inner City Press.[15]
Equotorial Guinea is a small country at the west coast of Central Africa. Despite a per capita GDP (PPP) of more than US$30,000 [1] (CIA Factbook $50,200[2]) which is as of 2006 the fourth highest in the world, Equatorial Guinea ranks 121st out of 177 countries on the United Nations Human Development Index.
In July 2004, the US Senate published an investigation into Riggs Bank, a Washington-based bank into which most of Equatorial Guinea's oil revenues were paid until recently, and which also banked for Chile's Augusto Pinochet. The Senate report, as to Equatorial Guinea, showed that at least $35 million were siphoned off by Obiang, his family and senior officials of his regime. The president has denied any wrongdoing. While Riggs Bank in February 2005 paid $9 million as restitution for its banking for Chile's Augusto Pinochet, no restitution was made with regard to Equatorial Guinea, as reported in detail in an Anti-Money Laundering Report from Inner City Press.[15]