03/28/2017
Pravin Gordhan heading to court
Finance Minister Pravin Gordhan is heading to the court this morning in an effort to validate his choice to stay out of the Gupta family's battle with South African banks.
Legal
03/28/2017
Nigerian Senate chief named in fresh financial scandal
The Senate president on Monday denied involvement in the scandal which his spokesman said was meant to disparage him.
03/24/2017
8bn Mutilated Currency Scam: Two Bankers Bag 18 years Jail term
The convicts who were the 4th and 5th defendants amongst other former bankers standing trial in the ongoing CBN N8bn currency mutilation scam opted for a plea bargain hence, they were convicted accordingly.
03/23/2017
Reserve Bank in favour of highly concentrated banking system
The creation of a dedicated market conduct regulator under the twin peaks model of financial regulation would strengthen the regulation of market conduct.
03/20/2017
Wealthy scramble for EB-5 investor visas before Trump closes US gate
The US government is looking at raising the minimum investment amount to $1.35m, notes Wolfsdorf.
03/17/2017
Banking fraud unit takes up Sh 9 billion TSS scandal
They are having police file containing the statements and that is why I cannot supply the defence with the statements.
03/16/2017
Viewpoint: International Banks Targeted for Prosecution in South Africa
Scandal involving currency fixing and lending practices contributes to uncertainties amid recession and worsening economic crises
03/15/2017
ICPC Arraigns Ex-banker For N78.5m Fraud
The alleged offence is punishable under Section 15 (3) of the same Act. Counsel to ICPC
03/14/2017
What to expect from the hearings on financial services
Chairman Yunus Carrim acknowledges progress since 1994, but calls for ‘more effective transformation consistent with the country’s needs"
03/12/2017
Bribery scandal: Ajumogobia was a high networth customer, bank official tells court
During further cross-examination by Ajumogobia’s counsel, Olawale Akoni, the witness told the court that the maximum amount expected to be paid into a dollar account per day was $10, 000
03/10/2017
Court orders Interfin to pay Shah US$26m
Closed Interfin Bank Ltd will have to fork out US$26 million to controversial businessman Jayesh Shah’s Al Shams Global BVI Ltd.
03/08/2017
Details emerge in SME Bank scandal
Within two months, withdrawals amounting to some N$69,8 million were made in the period between October 13 and November 8, 2016.
03/07/2017
Daughter of GTBank Founder sues Bank over "Manipulation" of Her Late Dad’s Shares
The issues regarding the distribution of his GTBank’s shares have been the subject of various discussions between the executors of his estates.
03/07/2017
Jersey and Kenya sign agreement to return stolen assets
The signing of this agreement conveys a powerful message that both Jersey and Kenya are committed to combatting issues of historic corruption and financial crime.
03/06/2017
Malabu Oil Scandal: $800m Transferred To Nigerian Banks Through JP Morgan In London
Italian prosecutor Fabio de Pasquale, who has led a team investigating the scandalous oil deal for over two years, discovered that the transfer was made in two separate payments of $400m.
03/03/2017
South Africa's Standard Bank seeks clarification on FX allegations
The Commission has recommended fines amounting to 10 percent of the banks' South African revenues in a scandal that has piled political pressure on the four South African banks accused of being involved, which have about 90 percent of the national ba
03/03/2017
Foreigners laundering gold money - Gold Buyers Association alleges
Mr Autel also alleged that the conduct of these foreigners, who are mostly from Asia
03/01/2017
Latham & Watkins launches new resource for investors in africa
New comparative guide helps investors navigate the legal systems when investing in some of Africa’s major economies.
02/28/2017
Eversheds Sutherland seal the deal categories at M&A Advisor’s EMEA Corporate Development Awards
The team was also presented with the Founders Award in recognition of its deep cross-border transactional practice.
02/28/2017
Conyers Awarded Best Offshore Law Firm – Client Services
Winners of the awards are selected by a panel of judges from the MENA fund management industry.