Ver Angola

Banking and Insurance

Former BFA vice-president may lose good standing in Angola

António Domingues, former vice-president of Banco Fomento Angola (BFA), risks losing his reputation in Angola due to alleged irregularities in his bank.

: Cristina Bernardo/Jornal Económico
Cristina Bernardo/Jornal Económico  

According to the portuguese weekly Expresso, the decision to withdraw the suitability of the portuguese banker has been revealed to the weekly by a source from the National Bank of Angola (BNA).

The same source explains that this position was taken after Mário Leite Silva, former president of the Board of Directors of BFA, sent a letter stating that António Domingues was aware of the shortcomings before he filed them away.

In this letter, cited by Expresso, Mário Leite Silva accuses the portuguese banker of having "betrayed" the bank by trying to divert himself from a case that was supposedly filed on his initiative.

Mário Leite Silva's version is contrary to António Domingues' version, who claims to have been aware of the irregularities in May this year, having alerted the bank.

António Domingues refused to comment on the case, having sent the explanations to the National Bank of Angola (BNA), writes Expresso.

The decision to withdraw suitability is now in the hands of the BNA, which is conducting an inspection of the case. However, the same newspaper states that the new BFA administration may also take action against the banker, who resigned at the beginning of July.

In question is a deposit of 21.8 million kwanzas, made on 20 July 2017, signed by a 23-year-old student from Viana, and another deposit of 250 thousand dollars, in the account of Manuel Paulo da Cunha ('Nito Cunha'), former director of the office of the former President of the Republic José Eduardo dos Santos, both of whom raised internal suspicions.


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