Angola wants to recover USD 50 billion embezzled from the public purse by 2027

The Angolan government estimates to recover, in the next five years, about 50 billion dollars illicitly taken from the public treasury, Eduarda Rodrigues, the director of the National Service for the Recovery of Capitals (Senra), informed some days ago

Rodrigues, who was quoted by the international press said that since the beginning of the fight against corruption in Angola, US$5.2 billion had been effectively recovered, partly in cash and partly in assets.

In criminal cases, 12.9 billion dollars were seized while 6.1 billion dollars are seized outside the country, said the official, who was speaking at the seventh edition of Café Cipra on "Fighting Corruption and Asset Recovery.

"In Angola, in terms of seized goods, we have goods worth 6.7 billion dollars, these are the effective values," he stressed.

The director pointed out that according to the ongoing investigations, $150 billion illicitly left the country between 2003 and 2017.

Eduarda Rodrigues stressed that data from the African Union indicate that every year more than US$ 50 billion leave the continent illegally.

"For those who have any doubt that 150 billion dollars may have effectively left, just look at this data and we are talking about a period, from the early 2000s until 2017, so this is a struggle, it is not recovered overnight, it is through international cooperation," he stressed.

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