Managers of Wealth Africa

Son of Angola’s former president a suspect in $500m fraud case

José Filomeno dos Santos accused after UK crime agency blocked transfer of money

IGG Quizzes Bagyenda Over Wealth Accumulation

Diamond Trust Bank and Barclays Bank have since issued public apologies over the leakage of Ms Bagyenda's account details and threatened disciplinary action on their staffs.

Police Pension Fund Fraud: Assistant Director Sentenced to 6 Years Imprisonment, Fined N23bn

The Abuja Court of Appeal on Wednesday upturned the earlier judgment of the lower court based on appeal filed by the prosecuting agency, the Economic and Financial Crimes Commission.

Nigeria Corruption Reaches Swiss Banking

The two companies rejected the claims.

$500m Fraud: Fund Can Be Returned To Angola -Britain

According to the deputy Attorney-General, Joao Coelho, the former governor of the central bank of Angola is indicted for the crime of embezzlement and money laundering.

Zimbabwe vows to name and shame offshore cash holders as it struggles to repatriate $1.4 billion

Zimbabwe's new President Emmerson Mnangagwa has said that less than half of the $1.42 billion believed to be illegally kept abroad have been brought back onshore, despite the deadline for an amnesty period passing.

Deloitte gets extension to African Bank hearing

While Irba says it is facing pressure from the public and Parliament to act swiftly.

Saudis continue to detain largest investor in Ethiopian Renaissance Dam

The Sheikh’s press office responded to the newspaper’s inquiry about his whereabouts saying “he was in the Ritz-Carlton, but we have been told by his family members that he was moved, along with others, to another hotel”.

SocGen Earmarks €1B To Handle US Probes Into Libor, Libya

The French bank said in a regulatory statement that it earmarked the funds to deal with investigations by the U.S. Department of Justice and the Commodity Futures Trading Commission.

Pension fraud: I’m not part of Maina’s task force, Oronsaye tells Reps

Testifying before the committee chaired by Ananyo Nnebe, who represents Awka South federal constituency of Anambra State in the House, Oronsaye

Dentons to combine with seven elite firms in Africa, the Caribbean and South East Asia

Combinations will uniquely position the world's largest law firm to meet client needs in yet more places around the globe

US insurance group sues Old Mutual

The JSE-listed insurance group said the case was "in relation to pre-existing [London] head office legacy items relating to previously disposed of US assets".

BPOPF Audit exposes P1.5 billion ghost pensioners

An audit at the Botswana Public Officers Pension Fund (BPOPF) has exposed possible corruption.

Libyan Foreign Bank is gambling with Libyans’ money, CBL says

The UN report said that the Libyan Foreign Bank and Jumhouria Bank gave the money to Alwatar and Hadaeq Tarabulus companies which are owned by one person, Abu Bakr Abu Sahmain

S.Africa looks to strip Gupta brother’s residency

Ajay Gupta, a fugitive sought by police over alleged graft, now faces the prospect of losing access to banking facilities as well as his South African identity papers if his residency is rescinded

Zuku shareholders help Kenyan revenue office in Mauritius tax evasion case

The three applicants had told the court that they have information that KRA does not have with regard to Bell’s responsibility as the representative of the offshore companies, a position that makes him directly answerable on the suspected tax avoida

Court rules Bank of Baroda can close SA operation

The Indian state-owned international bank cited its fading relationship with Nedbank a the reason it wants to close its SA branch.

Criminal case opened against Bank of Baroda

The complaint was lodged with police in reaction to a report by the Organized Crime and Corruption Project

Linklaters, Dechert line up on USD 4 billion African bond issue

The bonds were issued at three maturities with a five-year and 10-year tranche raising USD 1.25 billion each and a 30-year tranche raising USD 1.5 billion.

New international standard a key feature in ENSafrica’s latest anti-bribery and corruption survey

This new standard is designed to support organisations in their fight against bribery and promote an ethical business culture

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