10/09/2020
Members of the public, particularly youth and owners of small-scale businesses, are therefore advised to disregard any video or text message proposing investment schemes or charging them fees on the pretext that their organisations are endorsed by the CBN
10/08/2020
The one-time chief financial officer of VBS Mutual Bank, Philip Truter, has pleaded guilty to charges of racketeering, fraud, corruption and money laundering.
10/07/2020
Unidentified hackers Tuesday broke into the systems of a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services. The hackers made away with a yet to be known sum, belie
10/05/2020
The criminal underworld seemingly moves money with impunity — at a huge global cost. The banks are profiting from this.
09/28/2020
States Are Not Remitting Staff’s Contributory Pensions
09/22/2020
Broker charged over missing Sh11.8 million re-insurance premiums
The broker failed to remit all reinsurance premiums paid to her company
09/20/2020
...as stakeholders call on Buhari, NASS for urgent legislative action
09/17/2020
Dike Onwuamaeze writes on efforts by banks to protect customers from the activities of fraudsters in the financial system who are on the prowl
09/15/2020
FNB and Standard Bank clients were also hit by a glitch at Nedbank.
09/14/2020
The Supreme Court of Appeal in South Africa recently considered the concept of claims for reflective losses in South Africa, focusing on whether shareholders could hold directors liable, in terms of the Companies Act, 71 of 2008, for conduct which resulte
09/11/2020
A practical tool covering key aspects of the legal and regulatory M&A framework in nearly 40 countries
09/10/2020
In a provisional determination by the Ombudsman, Sanlam was found to only be entitled to obtain one report from each of Mrs D’s treating specialists annually.
09/10/2020
Governor Bala Mohammed, while making his remarks said there are about “100 doctors who are not working or may not be in the State but are being paid every month. Surrendering this fight is equal to mortgaging the future of our State.”
09/09/2020
The funds raised will be used to reduce the impact of Covid-19
09/04/2020
The charges are based on allegations they tried to bribe an ACC officer in January by offering him N$250 000 in an attempt to get him to hand evidence seized by the ACC – bank cards issued to Hatuikulipi and a co-accused in the Fishrot case, Pius Mw
09/03/2020
Geneva's prosecutor is pursuing an Angolan businessman suspected of money laundering. Banque Syz has frozen hundreds of millions as a result of the investigation.
09/03/2020
The MER highlighted that although there had been significant reforms since the last evaluation a decade ago, shortcomings were observed relating to technical compliance, and a low level of effectiveness was achieved.
09/02/2020
On Monday, BOM revoked Century Bank’s licence with immediate effect.
08/31/2020
Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, had his bank accounts frozen on suspicions of money laundering.
08/28/2020
Mr Sostenah Ogero Taracha lost Sh18 million. EACC was investigating his wife- Dr Salome Munubi, who worked with National Land Commission (NLC) when it stumbled on the cash and he failed to satisfactorily explain how he made the money.