Angolan President João Lourenço announced on October 15 that Angola has formally requested the return of an additional $1.9 billion from countries including Portugal, Bermuda, Switzerland, Singapore, Luxembourg, Namibia, and the United Arab Emirates, as part of its ongoing anti-corruption drive.
Speaking at the opening of the parliamentary year in the National Assembly during his State of the Nation address, Lourenço called for stronger international cooperation, emphasizing that “it is time” for other nations to support Angola’s efforts to recover illicitly acquired assets.
The President reiterated that fighting corruption and promoting a more ethical society remain top priorities for his administration. He highlighted the progress achieved so far, noting that 323 criminal cases have been initiated, with 47 currently in trial. Since August 2023, Angola’s anti-corruption efforts have successfully recovered over $1.8 billion in real estate, shares, and financial resources. Angola is now seeking the restitution of an additional $1.9 billion from the countries involved, following legal proceedings with final and unappealable judgments.
Lourenço also emphasized the critical role of international collaboration in ensuring the return of these funds, underscoring Angola’s dedication to justice and accountability. He further mentioned that the Attorney General’s Office had ordered the seizure of approximately $950 million in assets and financial resources, a significant portion of which is located abroad.
“Angola has made a tremendous effort in combating corruption and recovering assets,” Lourenço stated, adding that it is now time for countries that have served as destinations for these illicit funds to support Angola’s initiative. He called for the return of these resources, stressing that they rightfully belong to the Angolan people and should be used to bolster the national economy. His remarks were met with enthusiastic applause from the assembly.