Intro

Intro

[JONATHAN R. LLOYD]

Equatorial Guinea’s president Teodoro Obiang Nguema Mbasogo and his 
government deposited up to $700 million in U.S.’ Riggs Bank. A U.S. 
Senate subcommittee’s 2004 investigation criticized Riggs for failing 
to report potential money laundering in the Equatorial Guinea accounts. 
It also outlined examples of how Riggs allowed Obiang to make cash 
deposits and withdrawals from accounts he controlled personally. Riggs, 
which was acquired by PNC last year, later agreed to pay a $16 million 
fine for failing to report these and other suspicious transactions.
 
Equatorial Guinea’s embassy insists the money, which was released back 
to the country, belongs to the government. "Attributing that money to 
President Obiang’s personal wealth is like saying a person who runs a 
hospital is worth the amount of revenue the hospital generates," the 
embassy spokesperson wrote in an e-mail. A half dozen other sources 
disagree. "They may say it is the country’s money, but the president 
does control everything," says Arvind Ganesan, a director at Human 
Rights Watch who has studied how the Equatorial Guinea government uses 
its oil revenue, "Under Obiang, the country's wealth is basically a 
presidential ATM." So they say.
 
Now that this report has been made 
public, the President has decided that some deposits made with 
particular banks in Europe be diverted so as to retain them, therefore, 
I want to inform you that by virtue of my position as a special duties 
coordinator to the President of Equatorial Guinea Teodoro Obiang Nguema 
Mbasogo, I have the honour of nominating and appointing you as a front. 
All we need or require of you is your cooperation, that is you make 
available a business name we could incorporate and present to complete 
this contract. Making available also three names of the company 
directors. All other details will be made known on receipt of your 
response.
 
We assume you will understand the responsibilities, the 
confidentiality and of course the trust bestowed on you as a result of 
this project. I know this is unexpected but I have come to know that 
the best things in life come unexpected. You alone are privy to this 
information by virtue of my nominating and appointing you.
 
Please, do 
get back to me as soon as possible for details.
 
Thank you.
 
Jonathan 
R. Lloyd.
For Special Duties.