06/22/2015
Nigeria: N2 Billion Fraud - Ex-Wema Bank Chair, Others for Trial Today
Olapade is standing trial alongside others over alleged theft of about N2 billion belonging to the company.
Legal
06/19/2015
ENSafrica (Mauritius) newsflash
Tax update – taxation of directors’ fees
06/18/2015
Moore, Johnsure Investments CC v Black: the liability of representatives and supervisors in terms of the Financial Advisory and Intermediary Services Act
Recent amendments to the Financial Advisory and Intermediary Services Act (“the Act”) have sought to further clarify the relationship between a financial services provider and its appointed representatives.
06/18/2015
Shuttleworth loses battle against Reserve Bank
THE Constitutional Court on Thursday found against internet entrepreneur Mark Shuttleworth in his battle against the South African Reserve Bank.
06/16/2015
Leading offshore law Boosts its Mauritius Dispute Resolution Capabilities in 2015
Firm adds senior associate and senior clerk to growing practice; promotes team member to counsel
06/15/2015
Gayle Killilea ‘needed’ €19m hotel sale to fund UK deal
Hotel was part of €100m in assets transferred from Seán Dunne, South Africa court hears
06/12/2015
Judge Issues Stern Warning to Union Bank over ‘Gross Indiscipline’
The judge gave the warning Thursday when a petition against the bank and its subsidiaries by a Lagos-based businessman, Chief Marcel Eze, came up for hearing.
06/12/2015
Doug Robinson: Hey, South Africa, you overpaid for 2010 World Cup!
The worst news: You overpaid.
06/05/2015
N8bn Currency Scam: Suspects Bought Properties in South Africa, Nigeria
The Central Bank of Nigeria had in September last year invited the Economic and Financial Crimes Commission to unravel the alleged racket
06/05/2015
Namibia: Africa Loses Billions in Illicit Financial Outflows
Mbeki said the figure is an underestimate as it excludes elements such as trading services and intangibles, bribery, trafficking drugs, firearms and people.
06/04/2015
Report indicts multinationals in Africa over tax evasion
A report has uncovered how African countries lose billions of dollars yearly through tax evasion by multinationals
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
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