01/16/2017
European bank starts own probe on Shelter Afrique
The EIB takes all such allegations seriously and is currently working in close cooperation with the Shelter Afrique board on their investigation.
Legal
01/13/2017
N3.1 billion debt: Court fixes January 17 to hear Ecobank’s suit against Zamfara
The bank had commenced the garnishee proceeding against the state seeking to recover the debt.
01/13/2017
Kenyan contractor in Sh5.1bn fight with US private equity fund
Mr Patel accuses ECP principals of deceit and use of threats
01/12/2017
Another listed SA bank becomes state capture battleground: Absa vs Hlongwane
He also wants Absa’s closure of the accounts declared unlawful and unconstitutional.
01/11/2017
Rising Japanese Investment in Africa Prompts Law Firms to Ramp Up Africa Practices
But Japan's focus on opportunities in Africa has been growing steadily in recent years.
01/09/2017
$153m: EFCC Uncovers Diezani’s Hidden Multi-billion Estate In Yenegoa
About five bank chiefs are likely to face trial over the $153million allegedly withdrawn by the ex-minister from the accounts of the Nigerian National Petroleum Corporation( NNPC) in December 2014.
01/06/2017
DOJ Files Consent Order Against Union Savings Bank, Guardian Savings Bank
The DOJ also alleges that Union Savings Bank knew that it was underserving majority-minority census communities in its lending areas
01/06/2017
French move for DWF has Africa in mind
The firm has an exclusive strategic alliance with South African law firm Thomson Wilks.
01/03/2017
French trial reveals vast wealth of Equatorial Guinean president's son
Teodorin Obiang, accused of plundering $115m
01/02/2017
JAMB registrar, Oloyede, reacts to fraud allegations, says petitioners are liars
The petitioners alleged that the former vice-chancellor and the incumbent, Abdulganiyu Ambali, were involved in fraud totaling more than N2 billion.
01/02/2017
Rwanda Focus proprietor arrested over counterfeit, tax evasion charges
It is said that Kanuma owes the tax body Rwf65 million
12/30/2016
ASUU petitions EFCC on alleged N3b fraud
ASUU called on EFCC to thoroughly investigate allegations against the officials
12/29/2016
MAURITIUS: Amendment to the Non-citizens (Property Restriction) Act
As announced in the Budget 2016/2017, the Non-citizens (Property Restriction) Act has been amended on the 20 December 2016 to allow non-citizens, registered with the Board of Investment to acquire apartments and business spaces in buildings, subject to se
12/28/2016
Nigeria: The Anti-Corruption Bait
As Africa's largest nation, Nigeria is blessed with massive wealth coupled with very large population that can boost commerce.
12/28/2016
2 sisters arrested for alleged extortion of a Nigerian millionaire oil magnate
The Matharoo sisters are accused of blackmailing Otedola through the now-defunct website NaijaGistLive
12/27/2016
Mauritius: Fiscal incentives on new licences
As mentioned in the Circular Letters, the licensee shall have physical office, minimum number of employees resident in Mauritius and minimum annual operating expenditure in Mauritius/assets under management as specified below.
12/27/2016
Salary fraud: Ganduje suspends director, nine others
He said the state government would deploy the necessary machinery to recover all diverted funds.
12/26/2016
Delta state pays Ibori N250m pension in detention
Investigation has revealed that James Ibori was receiving life pension while in UK detention
12/23/2016
Businessman sues UK bank for $4 million
The bank had sought to bar Al Shams from prosecuting the civil suit on the grounds that its lawyers had filed heads of argument out of time.
12/23/2016
Tanzania whistleblower speaks out
Melo and the employees refused to hand over any information, including the names of whistleblowers who had recently disclosed information through the website.