Home LOCAL NEWS Former President’s Daughter Ordered To Repay US$500 Million

Former President’s Daughter Ordered To Repay US$500 Million

Former President’s Daughter Ordered To Repay US$500 Million

Former Angolan President, José Eduardo dos Santos’ daughter, Isabel Dos Santos, has been ordered to surrender oil and gas shares worth $500m (£360m) by an international court.

The Netherlands Arbitration Institute, part of the International Court of Arbitration, said that the transaction in which Ms Dos Santos had received the shares in Portuguese oil and gas firm Galp was illegal.

It ordered that she must return them to the Angolan energy group Sonangol.

Ms Dos Santos, who was once known as Africa’s richest woman, has faced a slew of allegations that she plundered state assets and sent the money abroad.

She denies the allegations and says she is the victim of a political witch-hunt.

In other news,

Woman Drugged, Robbed By Prophet!

A Chitungwiza woman lost all her property and cash to a self proclaimed prophet during a healing session in Zengeza on Sunday.

Woman Drugged, Robbed By Prophet!

Lolleen Nengomasha, 42, regretted inviting a stranger, identified only as Madzibaba Tatenda, believed to be a faith healer, to her house following prophecies she received concerning her headache.

Nengomasha told H-Metro that Madzibaba Tatenda drugged her along with her…Learn More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.