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UK To Return $500m To Angola’s Central Bank



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A sum of 500 million dollars frozen in the UK as part of an ongoing investigation into a potential fraud against Angola’s central bank is to be returned to the southern African country,Britain’s National Crime Agency (NCA) has said.

The necessary authority has now been provided for the monies to be returned to the Angolan Authorities,” an emailed response to questions said.

Naija News learnt that former governor of the Angolan Central Bank, Valter Silva, was under investigation and prevented from leaving the country due to an alleged illicit transfer of 500 million U.S. dollars abroad.This was confirmed by Angolan Attorney’s General Office.

Joao Coelho, the former governor of the central bank of Angola is accused of embezzlement and money laundering, as he was allegedly said to have done an illicit transfer of 500 million dollars to an account at the Credit Suisse Bank in London, UK, in September 2017, weeks before long-term president Jose Eduardo dos Santos left power.

The transfer became suspicious after which the British NCA Agency initiated the investigation.

The deputy Attorney-General said that the Angolan Ministry of Finance and the National Bank of Angola are working with the British authorities for the return of the money to Angola.

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