06/02/2015
Nigeria Charges Banking Officials In Fraud Scandal, Days After Buhari Takes Office
Nigerian officials charged six central bank workers and 16 commercial bankers in a $40.2 million fraud scandal on Sunday
Legal
06/01/2015
Football: Blatter may be quizzed, South Africa say millions paid were not bribes
FIFA president Sepp Blatter could be quizzed by Swiss authorities as the corruption scandal engulfing world football's governing body took a fresh twist on Sunday
06/01/2015
Carmol scam victims want money back
The company, worth over a billion rand, claimed to finance the sale of petroleum products and attracted almost 4 500 investors
05/27/2015
Evraz Highveld enters legal dispute with Sasfin Bank
Troubled South Africa-based company Evraz Highveld Steel and Vanadium is in a legal dispute with Sasfin Bank
05/25/2015
SA forex probe suspects cartel
The Competition Commission says they were using electronic messaging software to communicate and possibly collude with one another.
05/22/2015
South Africa: Official in Court for Allegedly Stealing Bank Info
Olivier joined Capitec, at the time a small micro-lending business, and built it up to what Capitec is today.
05/21/2015
Court orders GTB to refund N5.3b to customer
Justice Ashi also ordered that the N5.3b should attract ten per cent (10%) post judgment interest
05/20/2015
Banks Face Scrutiny in First Rand-Rigging Probe Since 2002
Deutsche Bank agreed to boost South African reserves by 800 million rand
05/19/2015
Court orders CBN seize Zamfara account over debt to First Bank
Mr Onah averred further that the claim in this case was in the sum of N586,489,631.97
05/15/2015
Kenya: Banker Quizzed Over Sh10 Million Loss
He was denied on the grounds that he had not shown any evidence that police wanted to arrest him.
05/15/2015
Morocco adopts draft law regulating Islamic insurance
Banks from Kuwait, Bahrain and the United Arab Emirates have expressed interest in entering the market when the bill becomes law
05/14/2015
Kenya: Banks Say Stolen Money in Offshore Accounts Out of Their Reach
BANKS are unable to directly recover the huge sums of money stolen from their customers via online transactions if the cash is stashed in offshore accounts, its association said yesterday.
05/13/2015
Bank accuses DMO of sabotage over debt recovery
The bank also sued the DMO’s officer directly in charge of processing fuel subsidy claims by oil marketers
05/12/2015
ENSafrica named African M&A Law Firm of the Year at the EMEA M&A Atlas Awards 2015
The EMEA M&A Atlas Awards aim to honour excellence for middle-market deals valued below $1 billion in the categories of best deals and outstanding firm of the year
05/11/2015
EFCC Arraigns Ex-Wema Bank Chairman, Others Over N2bn
The three accused persons were alleged to have fraudulently conspired with others still at large to launder about N2billion belonging to AKS Steel through some Nigerian banks to Dubai in United Arab Emirates and from there to India.
05/04/2015
Kenya: Sacked Manager Sues UBA
Magotsi dismissed claims that she admitted negligence.
04/29/2015
Kenya: Bank Chairman Disobeys Court Order in Sh364 Million Suit
The order, issued in August 2013, required Zubedi to deposit the money within 45 days from last March 31.
04/28/2015
Ex-Ecobank CEO Tanoh to Fight London Order Blocking Payouts
The London court set a hearing for May 1. Ecobank, which operates in 36 African countries, more than any other lender, is based in Togo’s capital, Lome.
04/27/2015
Court Freezes Former Federal Lawmaker’s Bank Accounts
Justice Yunusa Mohammed of the Federal High Court in Lagos, capital of Lagos State, has ordered eleven Nigerian banks to freeze the accounts of a former female member of the House of Representatives, Doris Uboh-Ogunkoya
04/22/2015
The pitfalls of cross-border service arrangements - what you need to know by Lavina Daya
With the increasing focus on cross-border payments in the context of profit shifting, management services in general, have recently become a main focus area of the South African Revenue Service