Managers of Wealth Africa

Nigerians and UK’s Unexplained Wealth Orders

Sceptics may suggest that the UK Government is looking for how to fund the bill for its Brexit divorce from the European Union or to finance its budget deficit.

Criminal charges laid against Molefe over pension payout fiasco

Molefe was ordered to pay back the R11m he has already received.

Steinhoff reports former CEO to South African police

Jooste, who oversaw the company’s rapid expansion over almost two decades, resigned on Dec. 5 as the accounting scandal broke.

Capitec a possible victim of SA’s trust deficit

Viceroy’s report into Capitec arrives at the high point of governance and audit scepticism

More banks named in forex collusion case

This comes following an investigation by the commission which started in April 2015 and was concluded early in 2017

Female Deputy Director Convicted For Pension Fraud

The convict pleaded guilty to the two court charge prefferred against her when she was re-arraigned .

South African Union, Pension Fund Join Forces Over Steinhoff

"The Public Investment Corporation is considering several options to ensure that its clients' interests in Steinhoff are secured,"

Bank denies claims of negligence in suspected fraud

It is alleged the company had promised massive growth rates on investments into metals used in various products, the metals housed supposedly in Dubai.

Prosecutors allege wrongdoing by Gupta family in growing South African corruption scandal

A court in Free State province, where the farm is located, has authorized prosecutors to freeze the farm's assets and the bank accounts that received the $20-million.

Carey Olsen advises Bushveld

The US$12.3 million acquisition, which completed on 21 December 2017, gives Bushveld ownership of 100% of the issued share capital of Vametco – a significant player in the global vanadium market.

Fed Govt, Switzerland sign MOU stopping illegal dumping

This is undermining serious efforts of the Federal Government to support local manufacturers and service providers to competitively grow the economy through integration to global value chains, in a rules-based global economy.

Head of Angola's wealth fund fired after Paradise Papers revelations

Leaked files showed José Filomeno Dos Santos appointed friend’s firm to manage fund, who then invested in own ventures

The Hatstone Group and the Folio Group to merge

The combined specialisms will be invaluable to our clientele and together

Kenyan Investor to take over of Sh1b resort in Malindi after protracted legal battle

This suit is coming for enforcement of a judgment emanating from an application dated July 21, 2015.

Kogi sacked late Director for fraud

Onyegbule said a nine-man Senior Management Committee was set up by the government to look into the fraud case

Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says

The indictment was unsealed Wednesday by federal prosecutors in Brooklyn.

What Nigeria must do to stop looting of public funds – Global Forum

Nigeria has been advised to make laws that makes it difficult for public fund to be looted and siphoned abroad

Chase Bank chair blames CBK in Sh15bn fraud case

The order by the CBK for re-classification of the properties pushed Chase Bank into collapse

Hawks may charge bosses suspected of role in collapse of African Bank

Hawks spokesman Hangwani Mulaudzi was unable to provide an update on Tuesday indicating how far the investigation has progressed.

Depositors of Imperial Bank file new case against Central Bank of Kenya to have deposits worth Sh100 billion released

The depositors of Imperial Bank have filed a new case against the Central Bank of Kenya to have deposits worth Sh100 billion released.

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