Isabel dos Santos opposes a cash repatriation campaign



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By ARNALDO VIEIRA
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The richest woman in Africa, Isabel dos Santos, rejected the Angolan government's repatriation campaign.

The pressure group Club-k.net Tuesday quoted the Africa Monitor Intelligence report in which the daughter of former president Jose Eduardo dos Santos had described the campaign as illegal.

"The Africa Monitor Intelligence revealed that generals Leopoldino Fragoso do Nascimento "Dino" and Manuel Helder Vieira Dias "Kopelipa" had agreed to repatriate their money stuck abroad, "added the Club-k.net watchdog.

General Nascimento was, under the presidency of Dos Santos, responsible for telecommunications from 1995 to 2010, adviser to the Minister of State and Head of the Intelligence Bureau from 2010 to 2018.

He was also known for being at the forefront of private businesses in Santos dos Santos.

General Kopelipa was the head of the military house of President dos Santos.

The Angolan parliament passed a fund repatriation law a fortnight ago, providing for sanctions for people holding money illegally hidden abroad.

the Forbes In 2017, the magazine ranked Isabel dos Santos as the 74th most powerful woman in the world. The publication also ranked his richest wife in Africa.

the Forbes 100 Most Powerful Women lists eminent personalities with remarkable impact in areas such as politics, philanthropy, technology, automotive, finance and investment.

The net worth of Mrs. Isabel dos Santos, according to Forbeswas $ 3 billion.

Angolan President Joao Lourenco

Angolan President Joao Lourenco. DOSSIER | NATION MEDIA GROUP

An engineering graduate from King's College London, 44, is said to have opened her first business, a restaurant called Miami Beach in Luanda, in 1997, at the age of 24.

Its assets in Angola include a 25% stake in Unitel, one of the two mobile networks in the State of Southern Africa, and a 25% stake in Banco Internacional de Credito (Banco BIC).

Isabel dos Santos's representatives deny that her assets have any connection whatsoever with her father, although Forbes magazine, the dos Santos family controls a large part of the Angolan economy.

In 2014, the American magazine, the Foreign police General Nascimento's net worth was $ 1 billion.

In 2017, the Portuguese TV channel SIC announced that General Kopelipa had diverted some $ 300 million to Dubai.

In January, Club-k.net reported that General Kopelipa had bought $ 80,000 and $ 50,000 worth of watches for himself and his wife.

Last month, the United States pledged to help Angola repatriate the funds stuck abroad.

Foreign Minister Manuel Augusto said he had contacts with the US State Department to repatriate stolen money and support Angola with other reforms.

In February, the Luanda government issued a 180-day ultimatum to all its nationals to repatriate their money from foreign currency accounts. This deadline has been published in the Official Journal.

The governor of the National Reserve Bank, José de Lima Massano, confirmed that more than 30 billion dollars belonging to Angola had been deposited abroad.

Half of the money, he explained, was deposited in commercial banks and financial institutions.

Last year, President João Lourenço advised wealthy Angolans abroad to repatriate their money and invest in their homes.

He warned that the government would confiscate money from those who defy the council.

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