Managers of Wealth Africa

Nigerian Court to Rule on Future of National Biometric Banking System

The outcome could have lasting implications for biometric banking security and data governance in Nigeria’s financial ecosystem.

Access Bank faces charges over alleged diversion of N826 million

The charges followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

UBA moves to join suit challenging IBEDC sale

The plaintiff also alleged conflicts of interest and is demanding specific performance of the agreements, recognition by CAC, and N100m in general damages.

Norton Rose Fulbright South Africa director Rudolph du Plessis joins The Legal 500 Hall of Fame

This honour is awarded to individuals who have received consistent praise from clients and peers for their continued excellence and leadership in their respective fields.

Court orders 54 banks to return N9.3bn stolen by hackers

The stolen funds—amounting to over N9.3bn—were then dispersed across accounts in 54 financial institutions.

Meta faces FTC trial with Instagram, WhatsApp breakup at risk

The FTC argues that Meta’s purchases of Instagram and WhatsApp are ‘killer acquisitions’.

Draft bill still contains Vat increases over next two years

The parties that voted in favour of the fiscal framework will have realised this by now

Botswana sends strong anti-corruption message with recent audit announcement

The president emphasised the need for an independent and reputable international firm to conduct the audit, ensuring the highest standards of competence and ethical integrity.

FirstRand CEO Mary Vilakazi on UK court battle and strong earnings

Case will be argued by an ’eminent’ King’s Counsel, supported by a strong UK legal team.

Baker McKenzie Named African Banking & Finance Legal Adviser of the Year

This marks the fourth time in five years that Baker McKenzie has clinched this prestigious title.

Former KUSCCO CEO, George Ototo, appears in court after stealing Ksh 82 million

He has, however, been detained at Muthaiga Police Station until Tuesday when the court is expected to make a bail ruling on all the accused persons.

Former Mauritius PM arrested, says Financial Crimes Commission

Jugnauth "is under arrest", FCC spokesperson Ibrahim Rossaye told reporters, adding that he will be detained in Moka detention centre in Moka district in central Mauritius.

Customers File Class Action Suits against Access and Zenith Banks

They claim that the banking disruption, which lasted over a week, paralyzed personal lives and businesses

Ecobank Faces $68m UAE Lawsuit Over Defamation, Coercion Allegations

The lawsuit also names ETI Specialized Resolutions Company (ETISRC), Ecobank Nigeria (ENG), and Oladele Alabi, Managing Director of ETISRC, as co-defendants.

Court reverses home repo judgment after Nedbank bungled calculations

The property was sold at auction for a half its worth and the owner faced eviction.

Ecobank faces $68m lawsuit over alleged defamation, coercion

In 2022, ETISRC escalated the matter by filing a report with the Nigeria Police Force, accusing Wilben Trade of conspiracy and fraudulent conversion.

FG defends tariff hike amid legal threats from SERAP, subscribers

The National Association of Telecoms Subscribers and the Socio-Economic Rights and Accountability Project said they plan to challenge the tariff increase in court, describing it as burdensome and unlawful.

Bisi Onasanya denies involvement in ‘N12bn loan fraud’ at First Bank

Osunnuyi described the allegations as baseless and an attempt to tarnish the reputation of the retired banker and Chartered accountant.

The woman fighting to stay CEO of one of South Africa’s biggest miners – worth R55 billion

She is currently a member of the Exxaro Board and the Board of the Minerals Council of South Africa.

Joburg high court lambastes CoJ for ‘abuse of power’

Judge allows 30 days for city’s legal advisor to state why he should not personally pay 20% of the costs