Tag Archive

Nigeria: Exclusive – How Multichoice Nigeria Was Defrauded of N7.9 Billion

By AllAfrica News: Economy, Business and Finance

[Premium Times] According to Mr Giwa, he acted on Multichoice Nigeria’s behalf in arranging with JNFX, under 10 Multichoice contracts, for the exchange of Naira into dollars.

Namibia: Namibia Records N$26,3m Worth of Fraud Cases in Banking Sector

By Namibian

[Namibian] Namibia has recorded a total of 357 fraud cases in 2023, which has led to losses amounting to N$26,3 million.

South Africa: Markus Jooste’s Steinhoff Was a Horrific, High-Profile Example of Corporate Capture

By AllAfrica News: Economy, Business and Finance

[Daily Maverick] Steinhoff is corporate South Africa’s handmaid to State Capture. They share the same DNA — people who knew better and could have done something chose silence.

South Africa: Markus Jooste’s Steinhoff Was a Horrific, High-Profile Example of Corporate Capture

By AllAfrica News: Economy, Business and Finance

[Daily Maverick] Steinhoff is corporate South Africa’s handmaid to State Capture. They share the same DNA — people who knew better and could have done something chose silence.

Nigeria: Failure to Arraign Binance Officials in Tax Evasion, Money Laundering Cases

By AllAfrica News: Economy, Business and Finance

[Premium Times] Binance and its two officials – Tigran Gambaryan and Nadeem Anjarwalla – were scheduled to be arraigned before the Federal High Court in Abuja on five counts of money laundering and tax evasion on Thursday.

Kenya: Kenya Has Tightened Its Laws to Stop Money Laundering – Why Banks Are the Focus

By AllAfrica News: Economy, Business and Finance

[The Conversation Africa] Kenya’s banking industry has in recent years been in the crosshairs of national, regional and international watchdogs, given the country’s role as a financial hub in eastern Africa. In 2023 Kenya enacted laws to curb money lau…

Liberia: LACC to Investigate Several At Nocal Over Alleged Involvement in Money Laundering, Corruption

By AllAfrica News: Economy, Business and Finance

[FrontPageAfrica] Monrovia — The National Oil Company of Liberia (NOCAL) finds itself embroiled in a scandal as the Liberia Anti-Corruption Commission (LACC) launches an investigation into allegations of money laundering and corruption within the comp…

South Africa: Disgraced Steinhoff Boss Markus Jooste Reportedly Shoots Himself

By AllAfrica News: Economy, Business and Finance

[Daily Maverick] Disgraced former chief executive of Steinhof Markus Jooste has reportedly shot himself just more than 24 hours after the Financial Sector Conduct Authority revealed that it was fining him a whopping R475-million and that it planned to …

South Africa: NPA to Seize Property Belonging to Prasa Fraudster

By GroundUp

[GroundUp] Former engineering head Daniel Mtimkulu had his salary more than doubled after fraudulently claiming a doctorate and a job offer from a German firm