Methodist Corruption: God Helps Those Who Help Themselves
The Methodist University of Angola (MUA) is in disarray amid allegations of corruption at the highest levels leading to calls from the United Methodist Church for a thorough audit and a full investigation. There are also demands that certain members of the Board of Directors to be replaced and that the Church take responsibility for bank debts of US $21 million. The private sector university, designed to serve an estimated 9,000 students, is at the centre of a dispute between the Church and its main commercial partner, the Portuguese company LisTorres, which controls 57% of MUA stock through two Angolan subsidiaries, Turpolis and Imolis. According to the published accounts prepared by the MUA’s Board of Directors, the institution has turned a profit of US $16 million over its eight-year existence, with a total income of US $112 million and costs of US $95.3 million. Now, however, LisTorres is said to be demanding US$25 million to give up its interest […]
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