02/18/2019
Nigerian lawyer accepts US$1m settlement, but still takes on FirstRand
Victor Obaika accuses the banking group of breaching South Africa’s laws regarding repatriation of foreign currency.
Legal
02/15/2019
South Africa: Banks That Manipulate the Rand - Are Millions in Fines a Deterrent?
Locally, Absa, Standard Bank and Barclays are implicated
02/14/2019
Court Orders EFCC, Two Banks to Pay Benue Govt N100m
She declared the action of the EFCC as illegal, null and void
02/11/2019
Government To Investigate And Seize Ill- gotten Wealth
By March or early April, the legislation should be in place.
02/08/2019
Five banks 'suspiciously' handled Sh1bn NYS cash, DCI tells DPP
The charges are for concealing and facilitating, aiding, abetting and benefiting from proceeds of the crimes.
02/08/2019
DCI probe recommends charges on 5 top banks, officials over Sh8bn NYS fraud
KCB received a total of Sh800 million with Sh148.3 million being transacted illegally while Equity Bank received Sh886 million, out of which Sh264 million and $58,000 (about Sh5.8 million) was transacted suspiciously by officials of the bank, the DPP note
02/07/2019
Libya's sovereign wealth fund chairman detained: official
The official said Mohamed was being interrogated, declining further comment. Mohamed could not be reached for comment.
02/06/2019
Standard Chartered pleads guilty to manipulating the rand
The Commission said it would consider the impact of the order on the ongoing forex litigation with the banks in South Africa.
02/06/2019
Top suspect arrested in bank hackers crackdown
The suspect is believed to have lived in the US for about a decade between 2000 and 2010, having emigrated as a refugee from Somalia.
02/06/2019
Angelo Agrizzi and six others charged with money-laundering and fraud
Hawks spokesperson Hangwani Mulaudzi has confirmed that five of the suspects will appear in court in Pretoria on Wednesday morning
02/05/2019
Phishing scams in the spotlight again, warns bank
Bank warns phishing scams are a real issue facing financial institutions and the public.
02/04/2019
Kenyan Tycoon Manu Chandaria To Lose Company Over $60 Million Debt
Kaluworks is a subsidiary of Clovis Company Limited
01/31/2019
Former Sanlam Financial Advisor Gets Suspended Sentence For Fraud
Francois Martinus Labuschagne was arrested in January 2017 following a six-year investigation into fraudulent activities in the Ceres Sanlam branch.
01/30/2019
Former Sanlam financial advisor must pay back the money
The convicted former financial advisor had been on the run before he was arrested in Limpopo
01/29/2019
NIC Bank CEO faces jail in car loan row
The judge heard his orders will be deliberately frustrated and the rule of law and justice obscured by the bank
01/28/2019
Fall-out over Mozambique debt scandal risks spill-over into Angola
EXX Africa has conducted a source investigation to explore the role of the Angolan political elite in the Mozambique debt scandal and the potential existence of further undisclosed debt issuance.
01/18/2019
Kenya-based foreign firms pledge to stick to Nairobi after attack
Hotel guests and workers from companies like Visa Inc had to hole up for several hours while the attackers were hunted down and killed.
01/16/2019
Credit Suisse Off the Hook in U.K.
The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.
01/15/2019
Ghana: Police confirm arrest of wanted businessman in Dubai
The Police statement said some Ghanaian officials have already visited NAM1 in Dubai Police custody, and are making possible arrangements to extradite the man to his country, where he was declared wanted by a court in Accra.
01/15/2019
Pressure mounts on BoG to prosecute staff involved in banking rot
Investigations into the alleged misconduct by some staff of BoG commenced thereof after the people involved in the act were identified.