07/31/2017
Panama Papers: EFCC targets indicted Nigerians
The objective is to cover the tracks of such people said to include two serving governors, some ex-governors, Senators and a powerful Northern Emirate kingmaker.
Legal
07/31/2017
Do you need a separate will for your offshore assets?
Navigating the minefield of international estate planning.
07/28/2017
Group Five board shake-up: the legal framework for shareholder activism in South Africa - ENS Africa
This example of shareholder activism by Allan Gray demonstrates that shareholders have the legal tools available to hold directors to account.
07/28/2017
Two international law firms expand African presence
His experience includes regulatory matters in South Africa, the United States and other jurisdictions, such as the Financial Advisory and Intermediary Services Act (FAIS) and Dodd-Frank.
07/26/2017
Standard Chartered Bank fights to recover Sh500m from Singapore
Standard Chartered Bank landed in trouble after Kenya’s Vivo Energy disowned the order that saw the money transferred to Singapore’s Continental Energy Ltd.
07/24/2017
Ghana Police Aiding Canadian In A US$4 Million Fraud?!!
Both officers were confronted in a separated telephone conversation by the complainant’s representative who was at the court to hear the matter
07/20/2017
U.S. Hunt for Nigeria Fraud Cash May Come Second to a Small Bank
Aluko wired about $49 million for the apartment and registered it in 2014 in the name of a shell company he controlled
07/19/2017
Munga fails to stop Mauritian lender’s bankruptcy suit
High Court judge Louis Onguto dismissed Mr Munga’s argument that African Seed should have pursued Freshco Limited, a firm he fully owns, before lodging the bankruptcy suit.
07/19/2017
S. Africa Central Bank to Proceed With Action Against Mkhwebane
The bank then started a court application to review and set aside her instruction, with Mkhwebane on July 11 saying she won’t oppose it.
07/19/2017
GRA Sharpens Skills On Illicit Financial Flows
It is estimated that Africa alone loses close to about $50 billion to IFFs annually.
07/18/2017
Boris Becker Loses £100m Fortune Investing in Nigerian Oil Firms
He is not a sophisticated individual when it comes to finances.
07/17/2017
ENSafrica recognised as a leading international firm for India-related work
The announcement was made in an intelligence report titled “Global Stars”, which was published in a recently released edition of the India Business Law Journal.
07/17/2017
Feds want to seize Nigerian playboy’s yacht, penthouse
But the feds will have to get in line.
07/17/2017
EFCC to seize Dubai mansions allegedly owned by ex-minister, associate
It was gathered that the EFCC also traced about five luxury properties to a former official of the defunct Oceanic Bank.
07/12/2017
200 fraud cases discovered in Nigeria Pension Board
It was also learnt that the external auditors engaged to audit the account of the board had completed their assignment.
07/10/2017
Bell Pottinger reputation muddied by South African scandal
City PR firm and international influencer admits ‘deep concern’ over work for Guptas
07/02/2017
FG plans 5-year jail term for celebrities who evade taxes
TheCable understands that the scheme, which will run for nine months, is a grace period for the celebrities to make amends of face the full wrath of the law, which could include jail term of up to five years.
06/30/2017
French bank BNP Paribas accused of complicity in Rwandan genocide
The groups note that a United Nations arms embargo was in effect at the time.
06/28/2017
Allen & Overy, Arnold & Porter Lead on Landmark African Bond Issue
The innovative transaction represents Nigeria’s first issuance of diaspora bonds, which primarily target expatriate citizens.
06/28/2017
Ex-head of Kenya's Chase Bank charged with conspiracy to defraud
The court returned Khan to police custody after government fraud investigators argued he was a flight risk and might tamper with evidence.