Portugal Freezes Bank Accounts Belonging to Africa’s Richest Woman ‘Isabel dos Santos’

Must Read

African Tribe: The Dinka People Of South Sudan

The Dinka are a pastoral-agricultural people that make up the largest ethnic group in South Sudan. They vary their...

For The First Time, Married Women In Botswana Can Own Land Alongside Their Husbands

Married women in Botswana can for the first time be allocated state land even if their husbands already have...

Slave Brokerage: How Early U.S. Newspapers Facilitated The Sales And Purchase Of Slaves

In the earliest history of US stock brokerage, one stock stood out both in nature and the revenue it...



Dozens of bank accounts belonging to Angolan businesswoman Isabel dos Santos have been frozen in Portugal at the request of the authorities in Angola, Portuguese media, including the newspaper Expresso, are reporting.

Portugal Freezes Bank Accounts Belonging to Africa's Richest Woman 'Isabel dos Santos

Dubbed Africa’s richest woman, Isabel dos Santos is accused of using her father’s backing to plunder state funds from the oil-rich but poor southern African country and moving the money abroad with the help of Western firms.

She stopped living in Angola after her father, who ruled the country with an iron fist for nearly 40 years, stepped down in 2017 for his anointed successor Joao Lourenco.

The former president’s daughter headed Angola’s national oil company Sonangol. Forbes magazine last year estimated her net worth at $2.2 billion.

Her father’s successor Joao Lourenco forced her out of the oil company after becoming president in 2017.

Ms Dos Santos has denied allegations that she enriched herself through corrupt deals when her father, José Eduardo dos Santos, was Angola’s president.

The 46-year-old says the accusations are a politically motivated witch hunt.

©bbc



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

African Tribe: The Dinka People Of South Sudan

The Dinka are a pastoral-agricultural people that make up the largest ethnic group in South Sudan. They vary their...

Slave Brokerage: How Early U.S. Newspapers Facilitated The Sales And Purchase Of Slaves

In the earliest history of US stock brokerage, one stock stood out both in nature and the revenue it generated – humans. The more...

Two African Writers Shortlisted For The 2020 Booker Prize

Two African Authors — Zimbabwe's Tsitsi Dangarembga and Ethiopian's Maaza Mengiste — have been shortlisted for the 2020 Booker Prize for Fiction.

Dr. John Emeka Akude: Nigerian Makes History As The First Black Elected Member Of Cologne City Council In Germany

A Nigerian has made history as the First black man to be elected member of Cologne’s City Council in Germany. Dr. John Emeka Akude, a...

More Articles Like This