Stories like this drive me crazy.

Quoting the Guardian Newspaper:

“Little Teodoro, as President Teodoro Obiang Nguema’s son is known at home, appears to spend as little time as possible fulfilling his duties as the minister of agriculture and forestry in the west African state. Instead he flits between South Africa, France and the US, pursuing business ventures such as a failed rap label while acquiring property and a fleet of Ferraris, Lamborghinis and Bentleys – all made possible by the discovery of oil in Equatorial Guinea’s waters a decade ago.”

further ahead…..

“President Obiang, who has ruled since seizing power in 1979, has decreed that the management of his country’s $3bn a year in oil revenues is a state secret.”

According to the CIA factbook:

Per capita GDP of Equatorial Guinea (PPP) is 37,300. Obiang (the elder) spends a paltry 0.6% of his country’s GDP on education. Almost two thirds of the country’s 633,400 people live below the poverty line. Meanwhile, Obiang – whose kleptocratic leadership has plagued Equatorians since he staged a coup against his own uncle (and then executed him) in 1979 – managed to win a seven year term in 2002 with over 97% of the vote. The next elections will be held in 2010.

TOTAL INSANITY.