Equatorial Guinea court jails President’s son over sale of National Aircraft

A court in Equatorial Guinea has convicted Ruslan Obiang Nsue, son of President Teodoro Obiang Nguema Mbasogo, for illegally selling an aircraft belonging to the national carrier.

 

 

 

The court ruled Tuesday, August 26, that Obiang Nsue, 50, a former director of Ceiba Intercontinental, must serve six years in prison unless he reimburses the airline roughly $255,000, in addition to damages and a state fine, according to supreme court press director Hilario Mitogo.

 

 

 

 

Obiang Nsue was found guilty of selling a Ceiba-owned ATR 72-500 to a Spanish company and pocketing the proceeds.

 

 

 

 

He was first placed under house arrest in 2023 on the order of his half-brother, Vice President Teodoro Nguema Obiang Mangue.

 

 

 

The court, however, acquitted him of separate charges of embezzlement and abuse of office.

 

 

 

Obiang Nsue previously served as secretary of state for sports and youth. His father, 83, has ruled the oil-rich central African nation for more than four decades.

 

 

 

In 2012, Obiang Mangue, the vice president, was handed a suspended prison sentence and a $35 million fine by a French court after being found guilty of embezzling public funds.

 

 

 

 

Related Posts

EFCC Arraigns Ex-Skye Bank Chairman Tunde Ayeni Over Alleged N15.6bn Fraud

The Economic and Financial Crimes Commission has arraigned former Chairman of the Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni, over an alleged N15.6 billion fraud case.…

Banks Cut CBN Deposits by 28% as Interest Rate Adjustment Reshapes Lending Strategy

Deposits by Nigerian banks and merchant banks with the Central Bank of Nigeria declined sharply in April 2026, falling by 28.4 per cent to N92.32 trillion from N128.9 trillion recorded…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

“A NEW DIPLOMATIC DAWN: Nigerians in the Netherlands Celebrate Bianca Odumegwu Ojukwu’s Rise to Foreign Affairs Minister”

“A NEW DIPLOMATIC DAWN: Nigerians in the Netherlands Celebrate Bianca Odumegwu Ojukwu’s Rise to Foreign Affairs Minister”

EFCC Arraigns Ex-Skye Bank Chairman Tunde Ayeni Over Alleged N15.6bn Fraud

EFCC Arraigns Ex-Skye Bank Chairman Tunde Ayeni Over Alleged N15.6bn Fraud

Banks Cut CBN Deposits by 28% as Interest Rate Adjustment Reshapes Lending Strategy

Banks Cut CBN Deposits by 28% as Interest Rate Adjustment Reshapes Lending Strategy

FG Moves to Strengthen Police Training with New Academy Campus, Upgrade of 42 Colleges

FG Moves to Strengthen Police Training with New Academy Campus, Upgrade of 42 Colleges

Nigeria Mounts Diplomatic Pressure on South Africa Over Fresh Xenophobic Protests

Nigeria Mounts Diplomatic Pressure on South Africa Over Fresh Xenophobic Protests

BREAKING: Enugu ADC Shuts Down Defection Rumours, Declares Total Loyalty, Endorses Ocho for 2027 Governorship Race

BREAKING: Enugu ADC Shuts Down Defection Rumours, Declares Total Loyalty, Endorses Ocho for 2027 Governorship Race