Tag: Fernando da Piedade Dias dos Santos

Angola’s Death Squads

Nearly two years ago, rumors began circulating in the Angolan capital, Luanda, that police officers working for the Criminal Investigation Service (SIC) were routinely rounding up suspected petty criminals and killing them. Human rights journalist Rafael Marques de Morais began an investigation, taking oral and written testimony from dozens of witnesses, family members, friends, and even from the occasional survivor. He says “Compelling testimony points to a systematic SIC death squad operation targeting young men merely suspected of undesirable or criminal behavior.” Over a period of months, a clear pattern emerged with eye-witnesses naming individual police officers who had been seen to kill victims in broad daylight and in view of members of the public.  It was alleged that specific SIC units were acting as death squads with impunity. “The SIC death squads are blamed for the summary executions of hundreds of young Angolans, without even a cursory investigation of […]

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All Aboard the Gravy Train

Angola’s gravy train has been rumbling along one set of tracks for the past 37 years, with all-encompassing corruption tainting the ruling MPLA party under President José Eduardo dos Santos. Those at the apex of the pyramid have diverted billions of dollars from the economy to their own bank accounts, while ensuring the loyalty of those beneath them by dispensing cash, goods and favors as needed. With just over two months to go to the presidential election that will see a change of leadership, members of the National Assembly (Angola’s parliament) are being given a sign that it will be ‘business as usual’. The National Assembly is chaired by veteran MPLA politburo member, Fernando da Piedade Dias dos Santos “Nandó”. Nandó is a rather sinister character with a smile likened to that of a cat which has just devoured its prey. His official job titles (police chief, Interior Minister, Prime […]

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BAI: The Regime’s Banking Laundromat

In recent years, the Angolan financial market has been led by Banco Africano de Investimentos – BAI (African Investment Bank), a banking institution previously named Banco Angolano de Investimentos (Angolan Investment Bank). To a certain extent, the shareholding structure of the bank reflects its success as well as the institutionalization of public assets’ transfer to public officials, for their illicit enrichment. Praised at US $8 billion, BAI currently holds a portfolio of deposits and credits estimated, by the Angolan National Bank, at US $10.4 billion and US $3.2 billion, respectively. At its inception, in 1996, Sonangol was BAI’s main investor, with 18.5 percent of its shares. Over the years, Sonangol quietly transferred 10 percent of its shares to the private ownership of high-ranking officials, besides the ones who, from the start, already owned considerable shares of the banks stock. By way of illustration, the table below shows only the list […]

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