Tuesday, December 6, 2022

Africa

Malawi Vice President Arrested Over $280,000 Bribery Claims

Malawi has arrested its Vice President Saulos Chilima and charged him with graft over a bribery scandal involving a British-Malawian businessman, the country’s anti-corruption watchdog said. The president’s deputy — who has been stripped of his powers — has been...

Guinea: Junta Orders Corruption Case Against Ousted Leader Alpha Condé

Guinea's justice minister has ordered legal proceedings against former President Alpha Condé and more than 180 officials from his deposed regime for alleged corruption and embezzlement of public funds. Guinea has been run by a military junta that overthrew Condé in a coup...

Nigeria: Former Lagos State attorney-general arraigned on separate money laundering charge

The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned former Attorney General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, on a 14-count money laundering charge. Mr Shasore was arraigned on a fresh charge before Justice Inyang Ekwo of...

Malawi: ACB Arrests Ministry of Mines Top Officials for Receiving Bribes to Grant License to Ilomba Granite Mining Company

Two top officials in the Ministry of Mines and Natural Resources, Cassius Chiwambo and Gibson Nyirenda, have been arrested by Anti-Corruption Bureau (ACB) for allegedly receiving bribes in order to facilitate a license renewal for Ilomba Granite Mining Company...

Financial crime watchdog adds Congo to money laundering watch list

The Financial Action Task Force plans to put Democratic Republic of Congo on a list of countries subject to increased monitoring, the country's Communications Minister Patrick Muyaya said on Saturday. Congo, a major cobalt and copper producer, will go on...

South Africa’s Ramaphosa denies money-laundering allegations

South African President Cyril Ramaphosa denied allegations of money laundering while being questioned by lawmakers Thursday over a scandal that threatens his position and the direction of Africa’s most developed economy. Ramaphosa already faces an investigation by police and a...

Money Laundering Seen a High Risk Threat for South African Banks

South Africa’s banking regulator said there is a high risk of money laundering and terrorist financing activity in the industry, citing the extensive use of cash and exposure to overseas lenders. The Prudential Authority of the South African Reserve Bank in a...

South Africa: President Ramaphosa to face subpoena over Phala Phala farm scandal

South Africa’s corruption watchdog has said it will invoke subpoena powers to get answers from President Cyril Ramaphosa over the alleged concealment of a theft at his luxury farmhouse. On Tuesday, the Public Protector’s Office said a deadline for Ramaphosa...

Kenya seizes $56.7 million from pan-African payment solutions firm Flutterwave over suspicious transactions

Kenyan authorities have frozen the financial assets of Flutterwave after filing criminal charges against the pan-African payment solutions firm. The firm was accused of conducting suspicious transactions and failing to comply with financial regulations in Kenya, The Star in Nairobi reported,...

Tunisian opposition leader faces money laundering allegations

Tunisia's main opposition leader Rached Ghannouchi has been summoned by a judge over money laundering allegations, his Ennahda party said on Wednesday, accusing the authorities of targeting him for political reasons. The July 19 summons is to answer questions about...

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