05/03/2019
They were to be arraigned by the Police on a four-count charge of conspiracy to defraud, conspiracy to obtain money by false pretences, obtaining money by false pretences and stealing.
05/03/2019
Wigwe’s counsel, Mr. Paul Usoro, said they had filed an application challenging the jurisdiction of the court to determine the matter.
05/01/2019
The defendants are charged with 21-count bordering on stealing, advance fee fraud, forgery of bill of lading, among others.
04/23/2019
The case sets a precedent in Africa where high ranking government officials are treated with kid gloves when it comes to enforcing laws, especially on corruption.
04/18/2019
South Africa’s PIC is said to seek Kennedy Bungane as head
04/15/2019
Wabba said that states had two retirement plan options but noted that it was a criminal offence not to credit workers’ retirement benefit account.
04/15/2019
He accused the bank of hiding the financial fraud cases it has from the regulators, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).
04/04/2019
In June 2018, two chief executives of mobile phone companies were charged with fraud as part of a crackdown against tax evasion.
03/29/2019
Njiraini says suit is unfounded and malicious, terms it as a blackmail.
03/29/2019
According to documents seen by ALB, Oi, which inherited its minority stake in Unitel in 2014, had claimed over USD 3 billion from the Angolan shareholders of Unitel.
03/29/2019
The amount recovered goes into a compensation fund to compensate investors who suffered a loss by the insider dealing
03/27/2019
In this edition we will discuss these new default regulations in more detail.
03/25/2019
The team will draw membership from 30 institutions and departments, including the Capital Markets Authority, Kenya Bankers Association, Directorate of Criminal Investigations, Kenya Revenue Authority, Kenya Wildlife Service, the Immigration Department and
03/25/2019
Instead, all court stations were directed to use cashless systems, mainly direct banking, M-Pesa and agency banking.
03/24/2019
It included about $2.35 billion of financial assets held in U.K. and Mauritius banks, and $1 billion of real estate holdings in hotels, gold mines, farms and resorts in the country and abroad, it said.
03/21/2019
Due to data protection regulations, the bank’s checked with the EFCC to confirm the authenticity of the letter and found it to be a forged one.
03/20/2019
Failure to amend the ambiguous section of the Act will mean a reversion to free-floating interest rates regime, where commercial banks set the cost of loans without reference to any law.
03/19/2019
PwC’s investigation summary noted that a single “senior management executive” led the scam
03/19/2019
The complainant was also unhappy that the second respondent wanted to charge a termination penalty in the region of R307 851.
03/18/2019
The DPP had earlier last month said the DCI investigations had determined that the lenders — Standard Chartered Bank-Kenya, KCB, Equity Bank, Diamond Trust Bank (DTB) and Co-operative Bank — suspiciously transacted the amounts and neither did