The assets of Congolese art collector Sindika Dokolo who is renown for years of repatriation of African artefacts from Western collections have been frozen together with his wife’s fortune. Isabel dos Santos, often referred to as ‘richest African businesswoman‘, the billionaire daughter of the country’s former president, and her husband are facing trail for failing to repay to Angola an amount of $1bn in state loans claimed to be borrowed during her father’s term in office. (Image above: Bozar, Brussels).
The incumbent Angola’s president, Joao Lourenço, who took office in 2017, is attempting to recover the state loans he insists Dos Santos borrowed, abusing her proximity to power, and failed to repay during her father’s term in office.
Dos Santos personal fortune estimated by Forbes at $2.2bn, runs a vast business empire with large stakes in Angola companies across multiple sectors such as banking, telecoms and supermarkets.
Sindika Dokolo has been devoted to search and repatriation of precious artefacts which had left the continent during the colonial era to enter the European and US collections.
Dokolo is also a major collector of contemporary African art owning more than 3,000 masterpieces from different origins, and periods, including significant pieces of contemporary artists.
This contemporary art collection, which is administered by the Sindika Dokolo Foundation, is based in the Luanda, according to its website, although some artefacts may be stored abroad, including Dokolo‘s native Congo. At present there is no information about future destiny of the collection.