The Lavishing Lifestyle of The BILLIONAIRE Ali Bongo: 90 Billion Cash Found at His Mansion.
Channel: Africa Reloaded
Date: 2023-09-03

If anyone had told Ali Bongo, the former president of Gabon that one day he would join the ranks of African presidents who were ousted from office, he would have probably laughed at them. In fact, with so much confidence, Bongo said that “While our continent has been shaken in recent weeks by violent crises, rest assured that I will never allow you and our country Gabon to be hostages to attempts at destabilization. Never,” Unfortunately on Wednesday, August 30th, President Ali Bongo woke up to find himself under house arrest by military forces and accused of “unpredictable, irresponsible governance as well as embezzlement and corruption.Sitting in a richly carpeted room, Ali Bongo spoke rather pitifully saying “I don’t know what’s going on,” and pleaded with his friends from the international community to make noise. What could have given Bongo such confidence in the face of the widespread military coups? It's probably the fact that his family has ruled Gabon for more than 50 years. However, that was not enough to protect him because, like other African countries ruled by dictators, the people had had enough of Bongo’s continued exploitation and the military took advantage of this. 

This is not the first time that the military has attempted a coup. Early in 2019, while Bongo was recuperating from a stroke which had kept him from his presidential duties, the military attempted to overthrow his government but they were unsuccessful as they were caught and quickly arrested.One of the most notable characteristics of the Bongo family rule in Gabon was corruption coupled with complete control of the resources in Gabon resulting in them living an extremely lavish lifestyle. Recall that Gabon is a sparsely populated country with just two million people that has an abundance of oil, producing 181,000 barrels of crude oil a day and making it the eighth-largest oil producer in sub-Saharan Africa as well as an important member of the OPEC grouping. According to the U.S. Energy Information Administration, Gabon’s oil export revenue was $6 billion in 2022. This means the country's resources are more than enough to cater to the needs of the people.

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