Bank of Mozambique fines Standard Bank $4.6million for fraudulent practices
The central bank of Mozambique has fined Africa’s biggest lender, Standard Bank, $4.6 million for engaging in fraudulent activities, Bank of Mozambique said on Monday.
The central bank also fined two of Standard Bank’s employees around $223,000 and $101,000 each,...
Nigeria blocks MultiChoice accounts over alleged $4.4 billion tax fraud
The Federal Inland Revenue Service (FIRS) has engaged some commercial banks as agents to freeze and recover N1.8 trillion ( $4.4 billion) from accounts of MultiChoice Nigeria Limited And MultiChoice Africa.
This is contained in a statement issued by Abdullahi Ahmad,...
South Africa’s ex-President Jacob Zuma sentenced to 15 months in corruption case
South Africa’s highest court on Tuesday ordered the imprisonment of Jacob Zuma, the country’s former president, for 15 months on contempt charges, after he defied an order to appear before a corruption inquiry examining the breathtaking financial scandals that...
Former governor of Malawi central bank charged with money laundering
The former governor of the Reserve Bank of Malawi, Dalitso Kabambe, and three other former senior officials have been charged with four counts of financial impropriety, including money laundering, at a magistrates' court in Lilongwe.
The charges on Tuesday follow...
Mauritania arrests former president Mohamed Ould Abdel Aziz amid corruption probe
Mauritanian authorities have arrested former president Mohamed Ould Abdel Aziz, one of his lawyers said on Wednesday, amid an ongoing investigation into alleged high-level corruption during his time in office.
Abdel Aziz, who stepped down in 2019 after serving two...
Nigerian court sentenced ex-lawmaker Lawan to prison for accepting $500,000 in bribes
The High Court of the Federal Capital Territory sitting in Apo has convicted a former member of the House of Representatives, Farouk Lawan, over $3 million bribery case and sentenced him to seven years for count 1, 7 years...
Mahatma Gandhi’s great-granddaughter gets 7 years in prison for fraud in South Africa
Ashish Lata Ramgobin, the 56-year-old great-granddaughter of Mahatma Gandhi, has been jailed for seven years in a six-million rand (Rs 3.22 crore) fraud and forgery case. Mahatma Gandhi's great-granddaughter was sentenced by a Durban court after she was found...
South Africa’s ex-president Jacob Zuma pleads not guilty to corruption charges
South Africa’s former President Jacob Zuma has pleaded not guilty to corruption, fraud, racketeering and money laundering charges relating to a 1999 arms deal when he was deputy president.
Zuma has repeatedly rejected the charges and says he is the...
Two ex-Chadian diplomats to U.S. indicted for accepting $2 million in bribes
A federal grand Jury has charged two former Chadian diplomats to the United States and Canada with accepting a $2 million bribe from a Canadian start-up energy company and attempting to launder the payment.
The Justice Department announced Monday that the indictment...
Nigeria receives $5.8m looted to U.K by ex-governor James Ibori
The federal government has finally received from the United Kingdom the £4.2million recovered from former Governor of Delta State, James Ibori’s associates and family members, Nigeria’s Attorney-General of the Federation, Abubakar Malami, said on Tuesday.
This comes about two weeks...