Managers of Wealth Africa

The African movement tracking coronavirus cash corruption

As cases of Covid-19 rise across Africa, international aid is flooding in but there are fears that some of the funds are misappropriated

Kenyan elite accused of stashing Sh320bn abroad

In Kenya, Sh136.2 billion was in bank havens that are secretive and have less regulation, providing a perfect cover to conceal the money trail.

Kenya’s elite cart away Sh328bn of World Bank aid

The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania.

GT Bank Liberia Reputation Questioned, For Allegedly ‘Stealing Monies’ From Ex-President Sirleaf Son’s Accounts

This latest action on the alleged part of the GT Bank Liberia brings to several others who have complained that their accounts were illegally tempered with without redress from the management of the bank as to what gave rise to such action at the bank.

Bureau-de-change operator bags 7 years for fraud

He said the convict had pleaded not guilty to charges

P&ID: FG may file fresh charges against Diezani

The Nigerian government said the 10 banks are “likely to have processed US dollar transactions connected to P&ID’s operations as either correspondent banks or the New York branches of foreign lenders.”

Billionaire Isabel Dos Santos Calls For Assets To Be Unfrozen—Points To Fake Passport Signed By ‘Bruce Lee’

False documents and false statements have been deliberately brought before the court

Appleby Mauritius Advises and Protects the Interests of Minority Shareholder Amidst Shareholder Dispute

Appleby Mauritius advised the Applicant, a minority shareholder which holds stakes in a joint venture company, invested in the transportation of crude oil and other oil products in Africa.

South Africa: Guidelines to monitor and manage employees with symptoms of COVID-19 and related infections

Employers should take heed of the Department of Health Guidelines

Mauritius Minister of Finance, Economic Planning and Development issues regulations under the Mauritius Companies Act 2001 and the Insolvency Act 2009

The passing of regulations of the nature outlined above by the Government of Mauritius

Iress inks global news distribution deal with MT Newswires

Combining Iress’ powerful market data and trading software with MT Newswires’ Live Briefs PRO Global Markets gives institutional, retail and online brokers around the world faster access to the right information

Parliament adopts tax laws amendment bill

The micro, small and medium enterprises will enjoy a reduction of the controversial Turnover Tax (ToT), also known as the patriotism tax, from the current three per cent to one per cent.

Constitutional Court adopts a tough line against corrupt behaviour

This judgment makes it clear that wrongdoers cannot rely on the Constitutional right to protection from arbitrary deprivation of property

African bank chief accused of multiple violations

The bank staff added: "It looks as if a conscious effort is done by some staff members close to the President to sabotage all attempts by the Ethics Committee to perform its duties."

Benin Ex-Finance Minister Gets 20 Years in Prison for Fraud

As a member of Yayi’s Cowry Forces for an Emerging Benin party, Koutche was considered a possible candidate in Benin’s 2021 presidential election.

South Africa: Corruption Has Crippled SA's Capacity to Fight COVID-19, Lives Will Be Lost - Corruption Watch

He warned that South Africans shouldn't expect corruption levels to drop during the national lockdown as government and the country fight to stop the spread of the novel coronavirus.

We won’t allow anyone to defraud Nigeria over claim of £2.5 billion, says EFCC

Speaking through one Mr. Onyechi Egwuonwu, the 27 lawyers further alleged that the Union Bank induced the EFCC and Jacobs to file criminal charges against their client

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Supreme Court of Appeal turns down former Old Mutual CEO Peter Moyo's appeal bid

Old Mutual on Monday hailed the ruling "as another important step forward in ending the litigation" mounted by Moyo against the company.

Grand heist: Multi-million Zisco assets stripped as Mnangagwa is sucked in

Mugano was this week adamant that all assets purported to have been taken over by ZimCoke remain on Zisco’s books.

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