Managers of Wealth Africa

DCI sleuths in Dubai, Kenya late loan payments, Handshake kills NGOs: Your Breakfast Briefing

The stories making headlines in the Star this morning.

Zuma’s lawyers push for South Africa graft trial to be dropped

Zuma, 77, is accused of taking bribes from French defence company Thales during his time as a provincial economy minister and later as deputy president of the African National Congress (ANC) in the 1990s.

Hatstone South Africa advises on major virtual healthcare services deal

It allows for patient treatment without the need for in-person consultation with a healthcare professional and is aimed at medical conditions requiring simple treatment methods.

Former Credit Suisse banker pleads guilty on Mozambique bribes

Detelina Subeva faced charge in US of conspiracy to help launder money

Hogan Lovells mining team heads to Eversheds

Beech spent nearly seven years at Hogan Lovells and had a previous stint as head of integrated mining, construction and industry solutions at Webber Wentzel.

ANC keeps power in South Africa but scandals cost it votes

"Let us now work together, black and white, men and women, young and old to build a South Africa that truly belongs to all that live in it,"

Many legal battles of Access Bank, MD Wigwe

Justice Agbelu arrived at the decision after listening to Daniel Apochi, the police prosecutor, and lawyers to the defendants led by the President of the Nigerian Bar Association (NBA), Paul Usoro (SAN).

Court battle for reclusive tycoon’s wealth opens lid on his vast empire

The founding chief executive of Equity Building Society — the precursor of Equity Bank — was mostly known as the owner of the luxurious Enashipai Resort and Spa in Naivasha.

Alleged $6.3m Fraud: Absence Of Access Bank GMD, Others Stall Arraignment

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.

Defendants’ absence stalls arraignment of Wigwe, eight others

Wigwe’s counsel, Mr. Paul Usoro, said they had filed an application challenging the jurisdiction of the court to determine the matter.

Allegations of fraud, stealing: Access Bank, Nigeria Police may settle out of court

The defendants are charged with 21-count bordering on stealing, advance fee fraud, forgery of bill of lading, among others.

Former top judge banned from public office for ten years

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.

Africa's Biggest Fund Manager Is Said to Court Banker for CEO

South Africa’s PIC is said to seek Kennedy Bungane as head

It’s criminal for states not to remit retirement fund – NLC

Wabba said that states had two retirement plan options but noted that it was a criminal offence not to credit workers’ retirement benefit account.

Alleged fraud : Etiebet wants Access, Diamond Bank merger nullified

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).

Vodacom Tanzania boss arrested over alleged fraudulent use of facilities

In June 2018, two chief executives of mobile phone companies were charged with fraud as part of a crackdown against tax evasion.

KRA boss denies links to tiles firm, cites blackmail

Njiraini says suit is unfounded and malicious, terms it as a blackmail.

Victory for PT Ventures in ICC arbitration involving Africa’s richest woman

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.

Mauritius: insider dealing and market abuse - the limelight of the Bull Market

The amount recovered goes into a compensation fund to compensate investors who suffered a loss by the insider dealing

Retirement fund default regulations

In this edition we will discuss these new default regulations in more detail.

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