Equatorial Guinea Diverts Seized Funds To Procure COVID Vaccines

The US justice department says that $26.6m seized from Equatorial Guinea&#039;s Vice-President Teodorin Nguema Obiang Mangue will be spent on Covid vaccines and other medical programmes in the West African state.<br />An official in a statement says wherever possible, kleptocrats will not be allowed to retain the benefits of corruption.<br />The justice department says the agreement stated that $10.3m of the money from the sale would be forfeited to the US and the rest would be distributed to a charity or other organisation for the benefit of the people of Equatorial Guinea, <br />The UN is to receive $19.25m to purchase and administer Covid vaccines to at least 600,000 people in Equatorial Guinea, while a US-based charity is to get $6.35m for other medical programmes in Equatorial Guinea.