Saturday, June 19, 2021

Africa

French-Tunisian rapper Rayan Sanches gets five years in prison for money laundering

A Tunisian court Monday sentenced for money laundering popular French-Tunisian rapper, Iteb Zaibet, aka Rayan Sanches or Swagg Man, Webdo Tunis reports. The Criminal Chamber specialized in financial corruption cases also fined the 37-year old rapper $35,744. The court also ordered...

Nigerian professor sentenced to three years in prison for election fraud

A High Court in Akwa-Ibom State, on Thursday, sentenced a Nigerian professor, Peter Ogban, to three years in prison, for election fraud. The court, which found Mr Ogban guilty of fraudulent manipulation of election results, publishing and announcing of false...

Timeline: Nigeria’s OPL 245 oilfield licence bribery cases

An Italian court acquitted Royal Dutch Shell and Italy’s Eni on Wednesday of corruption in one of the oil industry’s biggest court cases centred around the acquisition of a Nigerian oilfield in 2011. Italian prosecutors alleged that most of the...

Italian court acquits Shell, Eni of corruption charges over Nigeria oil deal

An Italian court acquitted oil companies Royal Dutch Shell RDS.A -3.63% PLC and Eni E -2.69% SpA, along with the latter’s chief executive, of bribery in connection with oil-drilling rights in Nigeria, ending a three-year trial that had shone...

UK to return £4.2m looted by ex-governor Ibori to Nigeria

The United Kingdom and Nigeria have signed a deal to return to the latter 4.2 million pounds ($5.84m) recovered from a former state governor who was jailed in London for money laundering. James Ibori, who was the governor of southern...

Nigeria’s ex-Minister Wakil arrested over fraud allegations at the Power Holding Company of Nigeria (PHCN)

Operatives of the Economic and Financial Crimes Commission have arrested a former Minister of State for Power, Mohammed Wakil, in his residence in Abuja over financial mismanagement involving the Power Holding Company of Nigeria. According to the news outlet, PRNigeria,...

Nigerian Instagram celebrity Hushpuppi accused of laundering funds for North Korean hackers

New details have emerged about the case against Instagram influencer Ramon Abbas, who wowed the internet with pictures of his clothes, cars, money and lifestyle between 2012 and 2020. In July, Abbas was charged by the U.S. Attorney’s Office in Los...

Nigeria’s central bank says it banned cryptocurrency over money laundering concerns

The Central Bank of Nigeria has explained why it banned cryptocurrency-related transactions in the country, claiming the digital currency is used for money laundering and terrorism. The regulator said this in a statement Sunday, days after affirming a 2017 directive to financial...

Zimbabwe’s ex-minister arrested on fraud allegations over state land deals

Former Minister of Labour and Social Welfare Petronella Kagonye was arrested yesterday on fraud allegations relating to the illegal parcelling out of State land in Harare and Mashonaland East Province. She is the third former minister to be arrested over...

Algeria upheld prison terms for two former prime ministers convicted for corruption

A court in Algeria on Thursday upheld hefty prison sentences against two former prime ministers who served under ex-president Abdelaziz Bouteflika, a judicial source said. The judgement confirmed sentences of 15 years for Ahmed Ouyahia and 12 years for Abdelmalek...

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