Equatorial Guinea Obiang Mangue, and other close relatives with powerful positions in the security forces. The tension may be rooted in a power shift arising from the dramatic increase in oil production which has occurred since 1997. In 2004 a plane load of suspected mercenaries was intercepted in Zimbabwe while allegedly on the way to overthrow Obiang. A November 2004 report named Mark Thatcher as a financial backer of the 2004 Equatorial Guinea coup d'état attempt organized by Simon Mann. Various accounts also named the United Kingdom's MI6, the United States' CIA, and Spain as tacit supporters of the coup attempt. Nevertheless,
1979 Equatorial Guinea coup d'état Obiang has remained president of Equatorial Guinea since the coup. 1979 Equatorial Guinea coup d'état The 1979 Equatorial Guinea coup d'état happened on August 3, 1979, when President Francisco Macías Nguema's nephew, Teodoro Obiang Nguema Mbasogo, overthrew him in a bloody coup. Fighting between loyalists and rebels continued until Macías Nguema was captured fleeing for Cameroon on August 18. He sentenced his uncle to death for the crime of genocide against the Bubi people and other crimes committed. Macías Nguema was executed by firing squad on September 29, 1979. Teodoro has remained President since then. After Francoist Spain granted Equatorial