The trial of the son of former Angolan president Jose Eduardo dos Santos for allegedly trying to steal $1.5 billion (1.3 billion euros) from the country's sovereign wealth fund will start on Septem...
The trial of the son of former Angolan president Jose Eduardo dos Santos for allegedly trying to steal $1.5 billion from the country’s sovereign wealth fund will start on September 25, a court said Saturday.
This is the first time that a member of the former president’s family, which controlled the oil-rich southern African nation for nearly four decades, will be in the dock. Jose Filomeno dos Santos was arrested last year for allegedly attempting to embezzle Angola’s sovereign wealth fund, which he headed during his father’s presidency.The co-accused who will also go on trial include former central bank governor Valter Filipe da Silva and two others.Zenu was appointed head of the $5 billion fund in 2013, 34 years into his father’s reign.
The current Angolan president Joao Lourenco, who came to power in September 2017, fired him in January 2018.Strategic sectors of the economy were awarded to his close allies — including the state oil giant which was placed in the hands of his daughter Isabel. Despite extensive oil, gas and mineral reserves, the majority of Angolans live in poverty and continue to rely on subsistence agriculture.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police recruitment: Successful candidates begin medical screening Sept. 9 – Daily TrustThe Kaduna State Police Command, says successful candidates for recruitment into the Nigerian Police Force will undergo medical screening between Sept. 9 and 14, at all zonal Police headquarters. The command’s Public Relations Officer, DSP Yakubu Sabo, disclosed this in a statement issued on Saturday, in Kaduna.ADVERTISEMENT “The command wishes to inform the general public, …
Read more »
Police recruitment: Successful candidates begin medical screening Sept. 9The Kaduna State Police Command, says successful candidates for recruitment into the Nigerian Police Force will undergo medical screening between September 9 and 14, at all zonal Police headquarter...
Read more »
Police recruitment: Successful candidates begin screening Sept. 9The Kaduna State Police Command, says successful candidates for recruitment into the Nigerian Police Force will undergo medical screening between Sept. 9
Read more »
Lagos public, private schools resume Sept 9
Read more »
I’m ashamed, Ortom tells pensioners, promises payment Sept 10
Read more »
Son of Egypt's Morsi dies of heart attack at 25 | The Guardian Nigeria News - Nigeria and World NewsThe youngest son of deceased ex-president Mohamed Morsi himself died Wednesday night of a heart attack in Cairo, a family lawyer said.
Read more »