Claude Wilfrid Etoka

rdf:langString Claude Wilfrid Etoka

rdf:langString Claude Wilfrid Etoka (a.k.a. Willy Etoka) (born 30 May 1969, in Brazzaville, Congo) is the Congolese CEO of Oil Trading company SARPD Oil and Oil Palm, with a wealth estimated at $1,000,000 acting as a trustee of the family of the Congolese president. "Willy" is a politically exposed person, whose bank accounts at BNP Paribas were closed due to his known close links with the president of Congo and the improbable level of profitability of his companies arising out of corruption and misappropriations of Congolese oils. His company facilitates the supply of 10% of the Congolese fuel market, In Jeune Afrique (11 May 2015). Etoka featured as one of the well-connected ‘Golden Boys’; new African traders breaking through in the oil markets traditionally dominated by the international oil giants which are controlled and owned by Europeans (Glencore, Trafigura, Vitol, Mercuria, ). Within 10 years, his company SARPD Oil is ranked as the fifth oil player in Africa in terms of trading. In 2003, Etoka founded which became, according to The Times a "rising star in African oil trading", with a trading floor based in Geneva and marketing operations set up in Morocco under Casablanca Finance City regulations. SARPD Oil runs large trading and financial operations in partnership with global companies such as Glencore. In 2015, the two partners were able to structure a long term oil-deal with Congo, which was criticized as being a disguised debt not inscribed into the national budget of Congo Brazzaville.