{"id":284975,"date":"2011-02-28T19:20:14","date_gmt":"2011-02-28T19:20:14","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/28\/equatorial-guinea-obiangs-son-ordered-pricey-yacht-says-ngo\/"},"modified":"2011-02-28T19:20:14","modified_gmt":"2011-02-28T19:20:14","slug":"equatorial-guinea-obiangs-son-ordered-pricey-yacht-says-ngo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/28\/equatorial-guinea-obiangs-son-ordered-pricey-yacht-says-ngo\/","title":{"rendered":"Equatorial Guinea: Obiang&#8217;s Son Ordered Pricey Yacht, Says NGO"},"content":{"rendered":"<div readability=\"63.6836761956\">\n<hr class=\"thin clear\" \/><!-- close google_banner_mid div ---><\/p>\n<hr class=\"thin clear\" \/>\n<p>\n<a href=\"http:\/\/www.english.rfi.fr\/africa\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/02\/7305b8cerfi-logo-en.jpg\" alt=\"Radio France Internationale (Paris)\" title=\"Visit Radio France Internationale (Paris)\" \/><\/a>\n<\/p>\n<p><!-- begin story layout piece here --><\/p>\n<p>28 February 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>The son of Equatorial Guinea&#8217;s President Teodoro Obiang Nguema planned to build one of the world&#8217;s most expensive yachts, a non-governmental organisation said on Monday.<\/p>\n<p>The superyacht would have cost 288 million euros and featured a cinema, restaurant and swimming pool.<\/p>\n<p>&#8220;This yacht would be another example of how he likes to live well while three-quarters of the population of Equatorial Guinea live below the poverty line,&#8221; Robert Palmer, an anti-corruption campaigner from Global Witness, told RFI.<\/p>\n<p><!-- close google_inset_a div ---><\/p>\n<p>Teodorin, full name Teodoro Nguema Obiang Mangue, asked a German yacht builder to draw up the designs for the vessel. Global Witness said they investigated and visited the company, obtaining details about the price tag and client.<\/p>\n<p>&#8220;Teodorin asked to draw up plans for the yacht but in the end decided not to go ahead with it, however we don&#8217;t know what the current situation is,&#8221; said Palmer.<\/p>\n<p>Global Witness has been critical of the Obiang regime. Teodorin earns 5,000 euros a month as a government minister, but &#8220;despite this he owns a 35 million dollar mansion in Malibu as well as a gulf stream jet&#8221;, said Palmer.<\/p>\n<p>&#8220;According to my very rough calculations it would take him over 4,000 years to pay for this yacht with his official salary, clearly he&#8217;s got a source of income that not his government salary. I think this is obscene given how poor the majority of Equatorial Guineans are,&#8221; he added.<\/p>\n<p><em><strong>The yacht:<\/strong><\/em><\/p>\n<p>Codenamed &#8216;Zen&#8217; by Kusch Yachts<\/p>\n<p>Design costs: 250,000 euros. Plans completed in December 2009<\/p>\n<p>Length: 118.5 metres<\/p>\n<p>Features<\/p>\n<p>Cinema<\/p>\n<p>Restaurant<\/p>\n<p>Bar<\/p>\n<p>Swimming pool<\/p>\n<p>Security system worth 942,000 euros<\/p>\n<p><em><strong>Equatorial Guinea:<\/strong><\/em><\/p>\n<p>Per capita income of 27,470 euros<\/p>\n<p>77 per cent of the population lives below the poverty line<\/p>\n<p>35 per cent dies before the age of 40<\/p>\n<p>58 per cent lacks access to safe water<\/p>\n<p><i><strong><a href=\"http:\/\/www.english.rfi.fr\/africa\/20110228-obiangs-son-ordered-one-worlds-most-expensive-yachts-says-ngo\" target=\"_blank\" rel=\"noopener noreferrer\">Read or Listen to this story on the RFI website<\/a><\/strong><\/i><\/p>\n<p><!-- end story layout piece here --><\/p>\n<p><!-- close google_banner_subbody div ---><\/p>\n<fieldset>\n<legend align=\"center\"><b>More News on allAfrica.com<\/b><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<p><img decoding=\"async\" src=\"\" \/><\/p>\n<p>See the rest here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201102281575.html\" title=\"Equatorial Guinea: Obiang's Son Ordered Pricey Yacht, Says NGO\" rel=\"noopener noreferrer\">Equatorial Guinea: Obiang&#8217;s Son Ordered Pricey Yacht, Says NGO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 28 February 2011 The son of Equatorial Guinea&#8217;s President Teodoro Obiang Nguema planned to build one of the world&#8217;s most expensive yachts, a non-governmental organisation said on Monday. The superyacht would have cost 288 million euros and featured a cinema, restaurant and swimming pool. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-284975","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equatorial Guinea: Obiang&#039;s Son Ordered Pricey Yacht, Says NGO - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/02\/28\/equatorial-guinea-obiangs-son-ordered-pricey-yacht-says-ngo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Equatorial Guinea: Obiang&#039;s Son Ordered Pricey Yacht, Says NGO - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"28 February 2011 The son of Equatorial Guinea&#039;s President Teodoro Obiang Nguema planned to build one of the world&#039;s most expensive yachts, a non-governmental organisation said on Monday. 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