Managers of Wealth Africa

Algeria's richest man walks free on time served

Algeria's richest man Issad Rebrab walks free after spending eight months in custody on corruption charges.

Angola freezes assets of ex-president's daughter over corruption allegations

The asset freeze follows an injunction application by the state, which is seeking to recover around $1 billion of funds it believes are owed to it by Isabel dos Santos and her business associates.

902 ex-employees sue bank over unremitted pension

According to the claimants in their averments, some of the claimants’ whose pension funds were unjustly denied and refused are now deceased and have been unable to enjoy the retirement benefits.

Ex-managers from S.Africa's Eskom arrested - police

An Eskom spokeswoman said she was not aware of the arrests

Adoke voluntarily returns to Nigeria after legal deadlock

TheCable understands that frantic efforts made by the EFCC to get Adoke extradited to Nigeria failed because the request did not meet the legal threshold.

Alleged pension scam: How Faisal Maina withdrew N58m from UBA —Witness

He told the court that the total amount withdrawn by Faisal from the UBA account with account name: Alhaji Abdullahi Faisal Farm II; number: 1018636805, was N58,101,585.02k.

Wife of Zimbabwe's vice president is charged with trying to MURDER him in hospital

Marry Mubaiwa charged with attempted murder of her vice president husband

3 proposed laws every South African should know about heading into 2020

The draft Bill aims to amend the Constitution to provide that, where land and any improvements on it are expropriated for the purposes of land reform, the amount of compensation payable may be nil.

Capital bank case: Court to rule on Receiver’s application Feb. 2020

The receivers of the bank instituted the action against the ten (10) Shareholders and six (6) Directors of the defunct Capital Bank on the 2nd of November 2018.

High Court suspends new CWSK accounts

The activist has accused the Solicitor-General, the Ministry of Labour and Social Protection and the National Treasury, respondents to the suit, of meddling with operations at CWSK and the powers of the registered trustees.

Old Mutual making case before a full bench today

The board has always said that Old Mutual is very keen for this to reach a speedy resolution and we have said we are always open to engagements.

Judgment reserved in Old Mutual case, but Moyo's lawyers say it's 'unwinnable'

Old Mutual spokesperson, Tabby Tsengiwe, said when the board started engaging Moyo about the dividend payment at NMT, he was given numerous chances to state his side of the story.

Equity, CBA lose Sh490m in title deed fraud racket

The court noted that the banks appear to have been caught up in an intricate web spun by a fraudulent syndicate and hatched by the lenders’ mutual customers.

Protect axed Old Mutual CEO and you protect whistle-blowers, court hears

This court must send a message out there, to other whistle-blowers out that the law will protect you.

Old Mutual back in court to appeal against Peter Moyo ruling

The insurer is seeking to overturn a July ruling that temporarily reinstated Moyo as Old Mutual CEO and interdicted a process to replace him

Key Figure in Mozambique Trial Acquitted

Ex-Credit Suisse Bankers Head for Court

Nairobi County sues CBK, taxman over withheld funds

The agency notices were initially issued on December 6, 2016.

Nigerian court orders seizure of Emirates Airlines aircraft worth millions of dollars over $22000 debt

The judge also ordered that Emirates Airlines shall bear the cost of maintainance and custody of the detained aircraft.

Maina’s son withdraws N58m, Dad over $800K in Dubai

The trial judge turned down the application on the ground that it was defective as it did not follow due legal procedure.

"Quincecare” duty arguable in $900m corruption case

The bank applied for summary judgment on the grounds that the terms of the Depository Agreement prevented the implication of the Quincecare duty.

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