Swiss to auction 25 exotic cars seized from Equatorial Guinea’s vice president

06/22/2019

Posted by: Chris Odogwu

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Guinea's vice president has to say goodbye to his 25 exotic cars as Swiss authorities have decided to auction them later this year. See the reasons why here!

On September 29, 2019, the Swiss authorities are set to auction 25 exotic cars seized from the Vice President of Equatorial Guinea, Teodoro Nguema Obiang Mangue, who is also a son of the country’s president, Teodoro Obiang Nguema Mbasog.

The 25 high-end cars which include Bugatti Veyron, Aston Martin One-77, Ferrari LaFerrari, Koenigsegg One:1, Rolls-Royces, McLaren P1, Lamborghini Veneno Roadster, Bentleys and Ferrari, were impounded by the Swiss government in 2016, following investigations by French authorities pertaining to the misappropriation of funds belonging to the state.

>>> Check out the battle of world leaders' official cars! 6 armored official state cars that match Donald Trump’s Beast Cadillac One

According to reports, all proceeds made from the auction will be channeled to social initiatives in Equatorial Guinea especially as 76% of the country’s 1.2 million population are languishing in poverty.

Equatorial-guinea-vice-president

The vice president emerging from one of his cars

Back in 2011, French authorities seized a different set of hyper cars including a Porshe Carrera GT, Ferrari Enzo and two Bugatti Veyrons, which were later sold for $4 million in 2013.

Teodoro Nguema Obiang Mangue, 50, got into trouble with the Brazilian authorities when he tried to enter the country with $16 million (N5.8 billion) in cash against the $2,400 cash which the country’s law permits visitors to enter its territory with.

>>> Visit Celebrity Cars at Naijauto.com for more stories.

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Chris Odogwu

Chris Odogwu

Car events

Chris Odogwu is a Content Writer and Journalist. He holds a bachelor's degree in Mass Communication from University of Jos and a master's degree in Mass Communication from University of Lagos. His works have been published in top local and international publications including Forbes, HuffPost, ThriveGlobal, TheNextScoop and Nigeria360 among others. A member of the Nigerian Institute of Public Relations (NIPR), the thrill he gets from writing about exotic cars feels almost the same as riding in them.

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