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    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

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Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport

French officials arrested him at Le Bourget Airport in Paris carrying a large amount of undeclared cash.

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18/10/2021
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Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport

Congolese billionaire Lucien Ebata, advisor to president, arrested in Paris airport

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Congolese billionaire Lucien Ebata, a member of President of the Republic of Congo Denis Sassou-Nguesso’s inner circle, was arrested at Paris’ Le Bourget Airport and taken into custody on Oct. 6.

According to Africa Intelligence, the businessman was arrested at the airport while carrying a large amount of cash.

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Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

28/01/2023
1
Ethiopia and the World Bank sign financing agreements worth $745 million

Ethiopia and the World Bank sign financing agreements worth $745 million

28/01/2023
1

According to the report, French Customs officials arrested the businessman for carrying a large amount of cash that had not been declared to the authorities. He was taken into police custody.

Lucien Ebata is the founder and CEO of Orion Oil, an oil trading company, and publisher of Forbes Afrique. He is a special adviser to the president and holds a diplomatic passport and a letter of mission signed by the Congolese head of state. As such, he enjoys functional immunity.

Similar events in October 2012

This is not the first time that Ebata has been arrested in an international airport for possessing a large amount of undeclared cash. In October 2012, he was apprehended at Roissy-Charles-de-Gaulle Airport with more than 180,000 euro. “Some of my clients for Africa pay me cash,” he explained to French investigators at the time, “because transfers take time.”

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