12/02/2019
Nigerian court orders seizure of Emirates Airlines aircraft worth millions of dollars over $22000 debt
The judge also ordered that Emirates Airlines shall bear the cost of maintainance and custody of the detained aircraft.
Legal
11/29/2019
Maina’s son withdraws N58m, Dad over $800K in Dubai
The trial judge turned down the application on the ground that it was defective as it did not follow due legal procedure.
11/25/2019
"Quincecare” duty arguable in $900m corruption case
The bank applied for summary judgment on the grounds that the terms of the Depository Agreement prevented the implication of the Quincecare duty.
11/21/2019
Take note of tactics criminals use to defraud unsuspecting bankers
Just as the festive season sees people relax and become more socially active, criminals utilise this opportunity to exploit human psychology by using malicious social engineering tactics to steal personal or confidential information to defraud people.
11/20/2019
Former bankers who stole from Diamond Bank (Access Bank) get jail terms
Fraud within the Nigerian banking sector is not a new thing
11/18/2019
UK lawmaker to cast blame on global banks in South Africa Zuma corruption
He has agreed to cooperate even while dismissing the probe as prejudiced.
11/14/2019
Libya State Fund Sues Credit Suisse
At the time, LIA demand to see documents in connection with the businessman and four banks, among them Credit Suisse.
11/14/2019
Appleby Mauritius Advises and Secures the Legitimate Interests of the Founder of the Vuna Group Before the Supreme Court of Mauritius
The team are experts in the resolution of every type of commercial and civil dispute, whether through litigation or arbitration and alternative dispute resolution.
11/13/2019
Nigerian, 12 others jailed for $10m wire fraud in U.S.
What followed was an investigation that has ensnared 13 defendants and uprooted a complex international fraud scheme responsible for losses in excess of $10 million, agents and federal prosecutors say.
11/13/2019
What is a standard and why does it matter to me?
COFI sets out the broad principles that will govern the conduct of financial institutions, but specific requirements and rules will be published in Conduct Standards, Prudential Standards or Joint Standards.
11/11/2019
SARS in urgent court bid to block access to Zuma’s tax records – report
SARS officials then picked up on these payments, which caused ructions within the agency at the time. SARS threatened legal action against Pauw for publishing "confidential taxpayer information".
11/08/2019
New Mauritian rules facilitating cross-border insolvency proceedings
New rules facilitating cross-border insolvency proceedings came into force on 11 October 2019 and shall be deemed to have come into operation from 25 July 2019.
11/07/2019
Nigeria, FBI turn the heat on Yahoo yahoo scammers
After decades of wishy-washy efforts to stem the vice, Nigerian authorities have been stung into action by a grand jury in the United States of America indicting 77 Nigerian fraudsters on August 23, 2019.
11/07/2019
Mozambique to appeal South African ruling to set aside extradition of ex-finance minister
His homeland has also requested his extradition, sparking a legal battle over where Chang should be sent.
11/06/2019
Capitec shares can be sold to settle state capture losses, court rules
Judge Bashier Vally ruled against Capitec in the Johannesburg High Court on Tuesday.
11/06/2019
8 Kenyans arrested in Rwanda over Equity Bank cyber fraud attempt
The Rwandese authorities said the case file has been compiled and submitted to the country’s Prosecution team for further direction.
11/05/2019
Ex-PPMC boss to forfeit N2.4bn, property to FG
Investigation revealed that N1.4bn was traced to six accounts in two different banks
11/05/2019
The Impact of Illicit Financial Flows to African Economiest
According to the IFF panel’s 2013 African Progress report at the World Economic Forum, the continent was reported to be losing more through IFFs than it receives in aid and foreign direct investment.
11/04/2019
Manhattan condo cited in Nigeria corruption case listed for $7.1M
Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
11/03/2019
World changes tack, now targets individuals to take responsibility for their misdeeds
The restrictions have a vein – they are mostly against warlords and the corrupt.