11/22/2018
South African investigators probe new EFF links to fallen bank
Evidence that VBS illicitly financed radical party’s purchase of a Johannesburg property
Legal
11/19/2018
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.
11/16/2018
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
11/15/2018
Adoboli Deported to Ghana
Adoboli had been arrested on Monday in Glasgow and sent to a detention center in London pending extradition.
11/14/2018
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
11/14/2018
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.
11/13/2018
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.
11/12/2018
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.
11/12/2018
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.
11/09/2018
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.
11/08/2018
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.
11/08/2018
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.
11/07/2018
Mauritius Government Enhances Business Processes - Appleby
A category 1 global business licence (GBL1) issued by the FSC on or before 16 October 2017 will continue to be valid until 30 June 2021.
11/06/2018
Flaws in law expose East Africa’s bourses to insider trading
For instance, in Kenolkobil’s case, the share price jumped more than 30 per cent to Ksh21.75 ($0.21) per shares, with the volume of share traded rising to 373.46 million from 29.51 million a day earlier.
11/05/2018
Danish suspect in $17 million fraud case arrested in South Africa
The woman had been the subject of an international arrest warrant since Oct. 18 when the ministry announced the findings of an internal investigation.
11/05/2018
VBS to cost the fiscus nearly R2 billion as depositors reimbursed
The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis.
11/02/2018
Fraudsters collecting death benefits of living workers — PenCom
PenCom stated that it was introducing stringent measures to stop this worrisome menace.
10/31/2018
Law firms compete to sign up Steinhoff shareholders for class action suits
I can assure you [you] will not recover all your losses, it’s impossible. But we want to be sure you recover as much as possible
10/26/2018
Nigerian Firm Owned By Buhari's Billionaire in-Law Named in UK Criminal Conviction
It is our mission to bring those committing this crime to justice
10/25/2018
South African state pension fund CEO denies corruption allegations
President Cyril Ramaphosa ordered an inquiry into the fund after opposition parties accused its chief executive