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Find all the economic and financial information on our Orishas Direct application to download on Play StoreFor a question of involvement in the case of embezzlement of public funds of the order of ten billion CFA francs, two former ministers of Equatorial Guinea are serving prison sentences.
Ex-Minister of Economy and Finance Valentin Ela Maye and Rufino Ndong Esono Nchama, former Minister of Culture and Tourism are accused of involvement in a case of embezzlement of public funds. Valentin Ela Maye was sentenced to 2 years in prison for “abuse of functions”. While Rufino Ndong Esono Nchama was sentenced to six months in prison for “bribing a public official”. They will both have to pay a fine of 10 million CFA francs (about 15,290 euros) to the Equatorial Guinean public treasury
.In particular, they are accused of having created “nine fictional companies” that offered maintenance services, maintenance of public buildings and beaches.
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