03/05/2019
Former bank employee implicated in vehicle-finance scam
Two men were arrested in Phoenix on Saturday, and four luxury vehicles - including a BMW M3 and a high-end Land Rover - were seized.
Legal
02/28/2019
African Legal Support Facility trains African lawyers on negotiating deals in key economic sectors
Forty government negotiators and 30 lawyers in private practice representing public and private organizations across Africa, attended the workshop.
02/28/2019
Mauritius Government prioritises regulation of technology sector
The FSC considers Cryptocurrencies as being a sub-category of Digital Assets.
02/28/2019
Mozambique files case against Credit Suisse in London's High Court
The global investment bank declined to comment.
02/26/2019
Tycoon's accounts frozen with billions inside
The court heard that initial investigations indicated that the companies
02/25/2019
Absa to reverse and refund on fraudulent debit orders
Absa will reverse and refund clients for fraudulent debit orders, the bank said on Sunday.
02/25/2019
Ex-PS Lillian Omollo denied access to millions, told to adjust
The judge said Ms Omollo owns a productive farm that can provide for her family’s needs.
02/22/2019
Court Sentences Man Over Alleged Pension Fraud
According to the commission, it was alleged that the then management of the bureau conspired with the consultant to steal pension fund through enrolment of ghost pensioners.
02/22/2019
Top law firm allows bank to sell property in multi-million shillings dispute
In the first case, DBK stated that the law firm was both its customer and external legal representative before it stopped banking with them after taking a loan of Sh60 million to bail out former Lugari MP Cyrus Jirongo from financial distress.
02/21/2019
Standard Bank to testify at Zondo Commission about suspicious Soe Transactions
The commisison’s legal team announced on Wednesday that the bank’s Ian Sinton will testify about its role early next month.
02/21/2019
Absa Said to Court S. Africa Central Bank's Mminele as CEO
The country’s third-largest lender is seeking a permanent replacement for Ramos, who is stepping down later this month after a decade in charge.
02/20/2019
Former Vhembe Mayor Radzilani Out to Clear Her Name in VBS Saga
Florence Radzilani was named in The Great Bank Heist report as having received R300,000 as a Christmas gift after her municipality deposited the money into VBS bank.
02/20/2019
Nigeria: Court Orders EFCC to Release Former Skye Bank Chairman, Tunde Ayeni
The anti-graft agency had last week approached the court through an ex-parte application seeking a 14-day remand order of Ayeni.
02/19/2019
Nigerian lawyer accepts R14m settlement, takes further action against FirstRand
The initial contractual dispute was first reported by the African News Agency on 22 September 2017. Obaika was suing FirstRand for R1.3 billion at the time.
02/18/2019
Mauritius, Liberia, in EU’s blacklist of tax havens
On the list were three African countries namely: Liberia, Mauritius and Seychelles.
02/18/2019
US$150b in pension funds at heart of South Africa scandal
The unfolding crisis at the PIC shows just how deep South African President Ramaphosa will have to dig to eradicate endemic corruption and restore the reputation of the govt
02/18/2019
Those who collapsed Chase Bank will pay - CBK Governor
‘’The integrity of the banking sector in Kenya is solid.
02/18/2019
Bosasa to cease trading as banks close accounts
The banks say the firm poses a ‘reputational risk’ for them as clients.
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.
02/15/2019
South Africa: Banks That Manipulate the Rand - Are Millions in Fines a Deterrent?
Locally, Absa, Standard Bank and Barclays are implicated