On Valentine Strasser, former president of Sierra Leone

Buzzfeed has a really neat profile of Valentine Strasser, the army captain who became president of Sierra Leone at 25:

On April 29, 1992, Valentine Esegragbo Melvin Strasser accidentally seized power in Sierra Leone, a small, diamond-rich country tucked into Africa’s western coast. Until that day, Strasser had been an unknown army captain whose closest brush with fame came when he won a couple of dance-offs in a nightclub in Allen Town, a Freetown slum. At the age of 25, he found himself newly installed as the leader of a nation of 4 million people, and the commander-in-chief of a fractious, impoverished army.

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The Strasser family home (Monica Mark)

After more than two decades of corrupt governments, most Sierra Leoneans welcomed the coup-makers, and Strasser was catapulted to messiah status. Print shops churned out calendars embossed with his childlike face. Graffiti artists splashed Freetown with his portrait and those of his fellow junta members, who called themselves the National Provisional Ruling Council.

The party’s inner circle was made up of equally young men, including a vice chairman who was barely 22 years old. From the outset, their rule was marked with the kind of eccentricities you’d expect if you walked into a college bar and handed over a country to a bunch of students.

Read the whole thing here.

H/T S. Mitter.

 

 

Mineral Assets and Corruption in the DRC: Israeli “businessman” Dan Gertler linked to Och-Ziff bribery convinction

What does Dan Gertler and his business associates think of term limits in the DRC?

This piece from The Globe and Mail has some answers:

The cellphone message from the Israeli businessman was blunt and vulgar: The Canadian mining company must be “screwed and finished totally,” he told an associate as they negotiated a massive bribe to Congolese court officials to guarantee that the Canadian company would lose control of its copper mine.

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President Joseph Kabila and Dan Gertler 

Within hours of that 2008 message, the businessman and his associate had arranged a bribe of $500,000 (U.S.) to judges and other officials in the Democratic Republic of the Congo, according to court documents released in a U.S. corruption case.

A day later, the Israeli businessman obtained assurances that Congolese officials would ensure the Canadian company would lose its court fight against a local takeover of the copper mine, the U.S. documents say. Then, a week later, the Israeli won majority control of the company and the valuable asset.

The documents were released on Thursday in the settlement of a corruption case against Och-Ziff Capital Management, a U.S. hedge fund that manages $39-billion.

Och-Ziff agreed to pay $412-million in criminal and civil penalties, one of the biggest payments ever approved under the U.S. Foreign Corrupt Practices Act.

The U.S. documents show the hedge fund paid more than $100-million in bribes to officials in Congo, Libya, Chad, Niger and Guinea – including Congolese president Joseph Kabila – to gain corrupt influence and mining assets.

……. The hedge fund, Och-Ziff, went into partnership with the Israeli businessman and was involved in using intermediaries and business partners to funnel large bribe payments to officials in Congo and other African countries, according to the U.S. Securities and Exchange Commission. Och-Ziff was directly involved in financing the businessman’s acquisition of Africo, including his “legal expenses” in the case, the U.S. documents say.

As I have noted here and here, the DRC is a cherished playground for thieves foreign investors who do not give a rats behind about the political, institutional, and economic consequences of their actions.

That said, Gertler would be advised to talk to Benny Steinmetz. There is a precedent of a change in leadership leading to repossession of a fraudulently obtained concession.

Kabila will not be in power in Kinshasa forever.

More on the Och-Ziff story here.