Obscene behaviour of Africa's ruling elites
RECENT media reports have once again highlighted the obscenely opulent lifestyles that many of Africa's ruling elites and their families enjoy, while the populations they control are poverty-stricken and sometimes starving.
Equatorial Guinea ranks near the bottom of the UN human development index: less than half of its population has access to clean drinking water, and 20pc of its children die before reaching age five.
Yet Teodoro Nguema Obiang, the 41-year-old son of the president of Equatorial Guinea, bought €12m worth of luxury cars and motorcycles in November 2009 alone, and has spent millions more on other top-of-the-range vehicles, as well as €18.5m on art. This covers only what we know of his spending habits.