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How Angola’s state oil firm was left with just $309 in its account

How Angola’s state oil firm was left with just $309 in its account

Inquiry into Isabel dos Santos’s management of Sonangol turns on a series of events before her sacking

The transfers began on 16 November 2017, with $38m wired (then £32.3m) to a bank account in Dubai. A little later another sum, this time $15m, exited, followed by a third for $4m. At the start of the day, the bank account of Sonangol, Angola’s state oil company, had contained $57m. By sunset, it had just $309.

The story of these payments, as told by a Sonangol bank statement and internal report, lies at the centre of an Angolan government investigation into Africa’s richest woman.

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