Close Menu
Chronicle NG
    Trending Stories
    Anthony Joshua punches Kristian Prenga during their heavyweight fight, rallying from two first-round knockdowns to secure a second-round knockout victory and extend his record to 30-4.

    Joshua dedicates win over Prenga to friends killed in Ogun crash

    July 26, 2026
    Burnt passenger bus and wreckage after a fatal collision on the Damascus-Deir Ezzor highway in Syria that killed 35 people.

    Syria bus crash death toll rises to 35 after highway collision

    July 26, 2026
    Main gate of Confluence University of Science and Technology (CUSTECH), Osara, where two students were expelled and four others rusticated over disciplinary offences.

    Kogi varsity expels two students over ‘homosexuality’, others

    July 26, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Joshua dedicates win over Prenga to friends killed in Ogun crash
    • Syria bus crash death toll rises to 35 after highway collision
    • Kogi varsity expels two students over ‘homosexuality’, others
    • David Jonsson named new Black Panther after Boseman’s death
    • Benue launches probe into suspected Mpox case, urges calm
    • US lawmaker urges Nigeria to free Nnamdi Kanu or face aid cuts
    • Sowore urges Nigeria to embrace AI, says ‘our future depends on it’
    • Ex-NSIPA CEO Halima Shehu urges Tinubu to release EFCC report into allegations against her
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, July 26
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Vice-president’s superyacht and homes seized

    David GreatBy David GreatFebruary 13, 2023No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Vice-President Teodoro "Theodorin" Nguema Obiang is known for his lavish lifestyle
    Vice-President Teodoro "Theodorin" Nguema Obiang is known for his lavish lifestyle
    Facebook Twitter WhatsApp

    South African officials have seized a superyacht and two palatial homes owned by Equatorial Guinea’s Vice-President Teodoro Nguema Obiang.

    A court ordered the seizures after local businessman Daniel Janse van Rensburg won a law suit against Obiang for unlawful arrest and torture.

    He has demanded compensation of about $2.2m (£1.8m).

    He says he was unlawfully detained in Equatorial Guinea for about 500 days after a business deal went wrong.

    The vice-president, the son of the world’s longest-serving ruler, has not yet commented on the case.

    He and President Teodoro Obiang Nguema Mbasogo have long been accused of seeing oil-rich Equatorial Guinea as their personal fiefdom, and of abusing its wealth and resources.

    This is the latest in a string of rulings issued against the vice-president by courts around the world.

    “We attached two houses… in Cape Town in a formal application two weeks ago and the superyacht last Tuesday,” lawyer Errol Eldson, who is representing the businessman, told AFP news agency.

    • Equatorial Guinea to return detained oil tanker to Nigeria

    An application to auction the assets had been filed, he added.

    Mr Van Rensburg has waged a lengthy legal battle against the vice-president in the South African courts, and published a book last year on how a business trip to Equatorial Guinea in 2013 “turned into a journey to the depths of hell” following his “harrowing incarceration” at the notorious Black Beach prison

    Mr Eldson told AFP that his client had set up an airline in Equatorial Guinea with a local politician who withdrew from the venture at the last minute and demanded a financial refund.

    The dispute led to the politician phoning Vice-President Obiang and “within 10 minutes” an elite security force unit “picked Daniel up and threw him into Black Beach prison”, the lawyer was quoted as saying.

    Obiang is widely seen as being groomed by his father – who has been in power for 43 years – to succeed him.

    Last month, he ordered his half-brother’s arrest over the sale of a jet.

    His half-brother was alleged to have pocketed the proceeds of the sale. He has not publicly commented on the allegations.

    The vice-president – known for his lavish lifestyle – has also had his own brushes with the law.

    In 2014, US authorities seized a $30m mansion in Malibu and other assets, included a Ferrari car, saying they had been bought with the proceeds of corruption.

    Two years later, Swiss prosecutors seized 11 luxury cars belonging to him. The cars – among them a Bugatti, Lamborghinis, Ferraris, Bentleys and Rolls Royce – were sold at an auction for about $27m.

    He was also fined and handed a suspended sentence by a French court in 2021 for using public money to fund a luxurious lifestyle in the European nation. He denied wrongdoing.

    In the same year, the UK imposed “anti-corruption” sanctions on him.

    Officials said he had a collection of Michael Jackson memorabilia, including a $275,000 crystal-covered glove which the late singer had worn on his 1980s Bad tour.

    The UK said the new sanctions targeted individuals who had “lined their own pockets at the expense of their citizens”.

    BBC

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Burnt passenger bus and wreckage after a fatal collision on the Damascus-Deir Ezzor highway in Syria that killed 35 people.

    Syria bus crash death toll rises to 35 after highway collision

    Main gate of Confluence University of Science and Technology (CUSTECH), Osara, where two students were expelled and four others rusticated over disciplinary offences.

    Kogi varsity expels two students over ‘homosexuality’, others

    Benue State health officials investigate a suspected Mpox case in Konshisha Local Government Area.

    Benue launches probe into suspected Mpox case, urges calm

    US Congressman John James speaking as he calls for the release of IPOB leader Nnamdi Kanu and urges Nigeria to conduct a fresh trial.

    US lawmaker urges Nigeria to free Nnamdi Kanu or face aid cuts

    Court revokes Sowore bail over failure to appear in court for cybercrime trial

    Sowore urges Nigeria to embrace AI, says ‘our future depends on it’

    Halima Shehu, former NSIPA CEO, during her appeal to President Bola Tinubu for the release of the EFCC investigation report.

    Ex-NSIPA CEO Halima Shehu urges Tinubu to release EFCC report into allegations against her

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Anthony Joshua punches Kristian Prenga during their heavyweight fight, rallying from two first-round knockdowns to secure a second-round knockout victory and extend his record to 30-4.

    Joshua dedicates win over Prenga to friends killed in Ogun crash

    July 26, 2026
    Burnt passenger bus and wreckage after a fatal collision on the Damascus-Deir Ezzor highway in Syria that killed 35 people.

    Syria bus crash death toll rises to 35 after highway collision

    July 26, 2026
    Main gate of Confluence University of Science and Technology (CUSTECH), Osara, where two students were expelled and four others rusticated over disciplinary offences.

    Kogi varsity expels two students over ‘homosexuality’, others

    July 26, 2026
    British actor David Jonsson

    David Jonsson named new Black Panther after Boseman’s death

    July 26, 2026
    Benue State health officials investigate a suspected Mpox case in Konshisha Local Government Area.

    Benue launches probe into suspected Mpox case, urges calm

    July 26, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.