Managers of Wealth Africa

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.

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.

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.

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.

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.

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

ICPC Arraigns Ex-banker For N78.5m Fraud

The alleged offence is punishable under Section 15 (3) of the same Act. Counsel to ICPC

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"

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

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.

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.

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.

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.

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.

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

Foreigners laundering gold money - Gold Buyers Association alleges

Mr Autel also alleged that the conduct of these foreigners, who are mostly from Asia

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.

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.

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.

Whistle-blower exposes N8.4 billion fake account

The discovered bank account has no signatories making it more suspicious.

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