07/01/2016
The LIA argues that the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.
06/27/2016
The chairman expressed concern over the activities of banks in money laundering
06/23/2016
NICON Investment Limited, Global Fleet Oil & Gas Limited and Mr. Ibrahim were owing AMCON over N50 billion, which have been subjects of protracted litigation and negotiations.
06/21/2016
The Federal High Court, Lagos Division has frozen all the assets of businessman Jimoh Ibrahim, as well as his NICON Investment Limited and Global Fleet Oil and Gas Limited. Justice Saliu Saidu issued the interim injunction in response to an application by
06/17/2016
The EFCC should not spare professionals, real estate agents, law firms, that assisted in the fraudulent and illicit flow of the cash; they all have to be prosecuted.
06/15/2016
There has been a rapid expansion of the crowdfunding industry during the last couple of years where businesses and entrepreneurs use crowdfunding platforms to promote their business ideas and to obtain funding from the public to finance their ventures.
06/15/2016
Online dating has also become another method criminals use to defraud unsuspecting women.
06/13/2016
Lawsuit will give glimpse into bank’s dealings with wealth fund
06/09/2016
She claims Thakkar has concealed assets in the British Virgin Islands.
06/08/2016
According to a recent IOL report, SARS has already identified 1 700 of the South Africans listed in the leaked data, which is publicly available on the International Consortium of Investigative Journalists’ website. The SARB is also reportedly in th
06/01/2016
The Kenya Bankers Association is one of the latest organisations to commit to the initiative amid increased incidents of fraud in the banking sector.
05/27/2016
The spokesman, quoted by Reuters, added that the Ministry of Finance has no control over the way the public company is dealing with its creditors.
05/26/2016
Spotlight on African legal market as Legal Week-hosted awards showcase Africa's top firms and in-house legal departments
05/26/2016
A prominent Nigerian lost about $402, 000 in a phony real estate transaction with the company, it was learnt.
05/25/2016
Nigeria said last week negotiations on the now-$3.9 billion fine are on hold.
05/25/2016
Onyeama said Nigeria would not relent in seeking to repatriate the alleged stolen funds.
05/24/2016
International law firm appoints Country Managing Partner for South Africa
In recent years he has acted in many of the largest corporate transactions in South Africa
05/18/2016
The Banks Act (No. 94 of 1990) is clear: if any business of the bank was carried out recklessly or negligently, the report should have been referred directly to the National Director of Public Prosecutions.
05/16/2016
The minister stated that the agreements included three with government’s agencies and two for the private sector.
05/16/2016
Investigators are also reportedly considering charges against the company’s former London boss Michael Cohen, who headed the office from the late 1990s to 2013, and Vanja Baros, Och-Ziff’s former Africa director.