Managers of Wealth Africa

2 former government officials appear before Seychelles' Supreme Court in missing $50 million case

The case was brought to court by the Anti-Corruption Commission of Seychelles (ACCS).

Watchdog details how it intends to search and seize evidence at auditors' premises,

The draft Disciplinary Rules are open for public comment until 18 January 2022.

Enforcement of local and foreign arbitral awards in South Africa

The development of an online filing system and the creation of an AFSA Southern African Development Community (SADC) division with a panel of International commercial arbitrators are a welcomed advancement.

Enforcement of local and foreign arbitral awards in South Africa

The need to do this typically arises where the opposing party in arbitration against which the award has been issued refuses to comply with the arbitral tribunal’s decision.

Ex-Pensions Boss Heads to Jail

A former chairman of the Pensions Reform Task Team (PRTT) in Nigeria, has been convicted and sentenced to eight years imprisonment for money laundering and other charges, reports Alfred Olufemi.

Two Nigerian banks were rebuked for their role in a $4 million theft from pensioners

Okon Abang, a judge at a federal high court in Abuja, sentenced Maina to eight years in prison on Nov. 8 after finding him and his company guilty of all twelve counts (essentially of money laundering) filed by the Economic and Financial Crimes Commission

Absa loses Supreme Court push in credit card royalties tax duel

Justices Roselyn Nambuye, Patrick Kiage and Jamila Mohammed, however dismissed the plea, saying there was nothing in the second appeal by Absa, which is of great public interest or requires constitutional interpretation for Supreme Court address.

Mpofu wants Old Mutual directors jailed for blocking ex-CEO Peter Moyo's reinstatement

The legal battle between him and the company dragged on until March 2020.

Court Threatens To Jail Defaulting Bank Executives In Case Against Ajetunmobi Couple

At the hearing of the case on Wednesday (November 3), Justice Toyin Oyekan-Abdullahi, noted that some banks are yet to comply with the court’s October 20, 2021 order granted in favour of the investors.

Open Banking: levelling the playing field?

Open Banking is premised on data access and leveraging of customer data to enable innovation and competition in banking

Baker McKenzie advises Standard Chartered Bank on pioneering African Private Placement of Green Bonds

Baker McKenzie supported Standard Chartered Bank’s in-house legal team on this complex cross-border transaction sequence, led by Helen Pinder, Head of Legal, Capital Markets ( Europe, Africa, Americas & MENAP).

Work within confines of law, refrain from non-permissible activities – Micro-credit institutions cautioned

This is due to rising fraud and labour turnover within the industry.

Experian data of 25 million South Africans re-leaked on Telegram

Experian told the Information Regulator that it does not know the identity of the person who has illegally disclosed the personal information from the leak.

Sipho Pityana sues bank regulator, claims he was blocked from becoming Absa chair

In December last year, Ramos was named the new chair of AngloGold Ashanti after Pityana resigned. The miner did not provide a reason for Pityana's resignation.

Kenya: How Loan Sharks Are Killing Small Businesses

In May this year, Canva filed a case in the Micro and Small Enterprises Tribunal in Mombasa seeking to recover the money plus interest.

SA flagged for weak dirty-money controls

Greylisting by the FATF would raise SA’s risk profile, place a question mark over its financial regulatory bodies and attach a higher risk premium to corresponding relationships between SA banks and international financial institutions.

Alleged N1.5billion Debt: Court Sets Date To Decide If To Unfreeze 20 Bank Accounts Of Bauchi Government

The court further made an order compelling all the banks to disclose and produce bank details, statements of accounts, bank balances, and monies standing to the credit of the respondents.

Dentons launches combination with elite law firm in Mozambique

World's largest law firm launches combination with Fernanda Lopes & Associados-Advogados, accelerating its momentum to become the leading Pan-African law firm owned and controlled by Africans across 17 locations on the continent

Judgments erroneously granted are effective unless rescinded or altered by a court

The Registrar referred the applications for default judgment to open court.

SIM-swap fraud skyrockets during South Africa’s Covid–19 lockdown

Digital banking fraud increased by 33%.