Managers of Wealth Africa

Jersey signs agreement with Kenya

The MoU outlines a series of initiatives to promote greater cooperation between Kenya and Jersey

Manager remanded for alleged fraud, issuance of dud cheques

The order for Balogun’s remand was sequel to his arraignment before

Deloitte accuses Irba’s investigator of bias in African Bank probe

Initially one of the hottest stocks on the JSE, African Bank was placed into curatorship in 2014 after it succumbed under the weight of bad debt following its acquisition of furniture retailer Ellerines.

African Legal Awards 2018: Competition and Regulatory Team of the Year: ENSafrica

Constant dialogue between ENSafrica and regulators meant that any obstacles were swiftly swept aside.

Gauteng banks lead in countering cybercrime

Gauteng is also a leader in inventing mobile money through the provision of wireless application services.

ZIMRA raids Chiyangwa over unexplained wealth?

Recently President Emmerson Mnangagwa gazetted Statutory Instrument 246 of 2018 which forces wealth people to explain their wealth or risk it being converted for public use.

South Africa's KPMG reports ex-partner to police over bank scandal - sources

KPMG audited VBS Mutual Bank’s financial results before it was placed under curatorship in March, a step that permits the central bank to appoint an administrator or curator to run a bank.

Olowu: CIBN to Name, Shame Bank Directors Involved in Misconduct

How will you score corporate governance in the Nigerian banking sector today?

Zimbabwean banker loses SA home over $4.5 million debt

The 1 283m², five-bedroomed freehold property comprising a swimming pool, "in a secure estate" was set to be auctioned on September 19th 2018.

South African investigators probe new EFF links to fallen bank

Evidence that VBS illicitly financed radical party’s purchase of a Johannesburg property

Bank Of Ghana Reveals Over 90% Of Banking Fraud Planned And Executed By Bank Workers

Dr France said one case of fraud could dent the reputation of the bank, urging players in the sector to exhibit high sense of integrity in the discharge of their responsibilities.

DA lays charges against Mahumapelo for ‘VBS heist’

The charges, according to the DA, are brought in terms of the Prevention and Combating of Corrupt Activities Act and Section 6 of the Prevention of Organised Crime Act

Adoboli Deported to Ghana

Adoboli had been arrested on Monday in Glasgow and sent to a detention center in London pending extradition.

South African court approves winding up graft-hit VBS bank

There is no reasonable probability that the continuation of the curatorship will enable VBS to pay its debts or meet its obligations and become a successful concern

Pension Fraud: EFCC secures interim forfeiture of N397m

The judge has also directed that the Commission publish the notice of the order in any national daily newspaper and on the EFCC’s website, the statement added.

IFLR1000 2019 ranks ENSafrica and its lawyers among the world’s best

The independent testimony of our clients is an essential criterion in the rankings process, and we thank you for your valuable feedback and for selecting us as your African law firm of choice.

Zimbabwe illegal currency dealers to be jailed for 10 years

The new law prescribes a maximum 10-year custodial sentence for illegal currency traders, and authorities will be empowered — through the Unexplained Wealth Orders Statute — to confiscate ill-gotten wealth.

PenCom moves against using pension accounts for money laundering

Additional voluntary contributions are savings made over the statutory minimum of 18 per cent mandated by PenCom.

South African anti-graft watchdog investigating Ramaphosa ally Gordhan

The Public Protector, an organisation mandated by the constitution to uphold standards in public office, said the investigation had started in 2016 but had now reached a stage where it was ready to conduct interviews.

Court nullifies ADR clause in UBA staff handbook

The judge made the pronouncement in the suit filed against UBA by one Yusuf Ayangbade, who was a former Manager with the bank.