In the past month, with a stroke of a pen, General João Lourenço - the man her father personally chose to replace him - has annulled four contracts worth over US $22 billion. The former "princess" is crying foul, and is threatening to sue the Angolan state however, the state is calling out her bluff, writes Rafael Marques de Morais for Maka Angola.
Africa: Isabel Dos Santos - the Fall of Africa's Richest Woman
Maka, 23 July 2018
Just think for a minute. In a two-year span, a father gave his daughter, among several contracts, four that were worth over US $22 billion. The father is then President José… Read more »
When President Joao Lourenco took office three months ago he swore to tackle corruption and nepotism, however firing the daughter of his predecessor as head of the country's state oil company Sonangol came as a surprise to many.
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Isabel dos Santos, daughter of Angola's former president, has denied claims that she presided over corruption during her tenure as head of state oil firm Sonangol made by the current chair of the company, describing them as "slanderous". Dos Santos, ranked Africa's wealthiest woman by Forbes, says she would take all measures to protect her reputation.
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Former president José Eduardo dos Santos is unlikely to be brought to book for any alleged wrongdoing as he, before agreeing to stepdown, made sure he obtained guarantees of permanent immunity from prosecution for any crimes committed during his time in office. This has however not spared his family from President Joao Lourenco's corruption dragnet - with Dos Santos' billionaire daughter already under
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