Categories: Just Politics

Madagascar strips ousted president of citizenship, arrests ally for money laundering

Madagascar’s military-led government has revoked the citizenship of former President Andry Rajoelina, just days after his ouster, while one of his close allies has been arrested on suspicion of money laundering.

In a decree issued on Friday, October 24, 2025, Prime Minister Herintsalama Rajaonarivelo announced that Rajoelina, 51, had automatically lost his Malagasy citizenship after acquiring French nationality.

The decree cited national law, which states that any Malagasy citizen who voluntarily adopts another nationality forfeits their Malagasy citizenship.

Rajoelina, who was removed from power earlier this month after the military joined anti-government protesters, fled the country and has remained in hiding since. His current location is unknown.

Meanwhile, businessman Maminiaina Ravatomanga, a longtime associate and reported financier of Rajoelina, was arrested on Friday in connection with an investigation by Mauritius’s Financial Crimes Commission (FCC) into suspected money laundering.

Coup leader Randrianirina sworn in as Madagascar’s president

According to the FCC, Ravatomanga allegedly controlled several entities in Mauritius that held assets believed to be linked to criminal proceeds.

The commission said it obtained a Criminal Attachment Order freezing his personal bank accounts and those of his companies, covering funds totaling 6.46 billion rupees ($141.8 million) and an additional 858.5 million rupees in personal holdings.

Ravatomanga, however, denied the allegations, insisting in a sworn affidavit that his wealth was legitimately earned over three decades of business activity in Mauritius, according to Bloomberg.

“They are legitimate and clear of any tainted or illicit monies,” he stated, adding that all transactions had been conducted through reputable financial institutions.

The Star

Segun Ojo

Recent Posts

Dangote announces expansion to steel production, power generation

The President of Dangote Group, Aliko Dangote, has announced plans to expand into steel production,…

30 minutes ago

Lebanon bans Hezbollah military actions after attack on Israel

Lebanon's government has banned military activities by Hezbollah after it opened fire on Israel to…

1 hour ago

Iran strikes Netanyahu’s office, air force HQ

Iran’s Islamic Revolutionary Guard Corps has claimed responsibility for missile strikes targeting the office of…

1 hour ago

FG to distribute 4m solar cookstoves nationwide

The Federal Government has signed a memorandum of understanding (MoU) to distribute four million ECOCA…

2 hours ago

FG begins direct remittance of oil revenues to FAAC

The Federal Government has commenced the implementation of Executive Order 9 of 2026, mandating the…

2 hours ago

FAAN urges calm over cashless access at Lagos, Abuja airports

The Federal Airports Authority of Nigeria (FAAN) has appealed to motorists and airport users to…

2 hours ago

This website uses cookies.