Managers of Wealth Africa

Firm files N12.86b suit against Bank over alleged contract breach

Access Bank is the sole claimant/defendant to counter-claim, while the firm and Mr Okonkwo are the first and second defendants/counter-claimants.

Walkers London Acts as BVI Counsel on OML-17 Acquisition

Described as 'one of the largest and most prominent Oil and Gas deals in Africa for more than a decade', a group of global and regional banks and investors provided US$1.1 billion across the different layers of the capital structure.

Access Bank rejects Appeal Court’s suspension of injunction against Seplat, approaches Supreme Court

Access Bank has expressed its displeasure over the ruling by the Court of Appeal which lifted the Mareva injunction against Seplat Petroleum.

All that glitters: A look into illicit gold networks

A fresh investigation sparked at the start of this year may also reveal whether a smuggling syndicate possibly operating from Madagascar has been using the country as a conduit.

Evidence that banks sell repossessed houses for cents in the rand

According to an affidavit filed in support of the R60bn class action suit by dispossessed homeowners against major banks.

Beny Steinmetz: Mining tycoon in Swiss trial over Guinea deal

Steinmetz, 64, was previously sentenced in absentia to five years in prison by a court in Romania for money laundering.

Steinmetz and European, US advisers on trial for mining ‘corruption pact’ in West Africa

Swiss prosecutors allege that the Israeli billionaire and business associates bribed a wife of the former Guinean president to obtain lucrative mining rights.

SAB is taking South Africa’s latest alcohol ban to court

This legal action is the last resort available to SAB in order to protect our employees, suppliers, customers, consumers and all the livelihoods we support.

SSNIT reviews monthly pension up by 10%

It added that all fresh pensioners from January 2021 will receive a new minimum monthly pension of GH¢300.00.

South Africans scammed by fake online stores

A MyBroadband reader reached out to us regarding this retail scam after ordering a new PlayStation 4 console for R5,999 from Markdown Marvin on 16 November.

Honeywell Seeks Supreme Court’s Review of Court of Appeal Decision on Ecobank Credit

In view of Honeywell’s decision to appeal the Court of Appeal’s judgement, the legal tussle which began in 2015, will now continue at the Supreme Court.

Ex-JB Marks official’s pension benefits frozen after alleged PPE corruption

This is after the SIU investigation identified Selemane to have allegedly been involved in various unlawful activities in procurement of PPE for the municipality as part of Covid-19 response strategy.

Auctioneers sue banks for snubbing forced sale of seized assets

Naka says in court papers that banks have been using unlicensed agents and sometime directly advertising for sale attached and distressed goods.

Certainty of an executor in uncertain times

Thomson notes that being an executor comes with many responsibilities and it should not be taken for granted.

After Luanda Leaks, a billionaire’s empire falls, but her enablers carry on

While Isabel dos Santos and her advisers face multiple investigations, accountability for the offshore industry remains elusive.

VBS Bank liquidators take a scalp in the form of Firmanox

Firmanox’s ‘far-fetched’ story to dodge R24m owed to the bank didn’t pass muster with the court.

Blown the budget on a Ferrari? Bad news… it’s just a car

The trade mark Testarossa is registered in the EU for a broad specification of goods, covering motor cars and motor car parts.

Absa data leak: Employee provided client info to third parties

The bank did not immediately say what type of information was handed over.

Old Mutual becomes latest insurer to lose a Covid-19 case in court

Costs were awarded against Old Mutual.

Warning over rise in fraudulent credit applications in South Africa

Snyman said that there is a very real need for businesses to become more aware of the prevalence of fraud, and to act when they become aware of fraudulent activity.

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