9th October 2017
9 October 2017 KYC360 News Levels of corruption in Latin America and the Caribbean are rising despite widespread protests in countries such as Brazil, Guatemala and Venezuela in the past year, new research shows. Around 29% of citizens who had used key public services in the past 12 months paid… Read More
9th October 2017
9 October 2017 KYC360 News The United States has lifted key sanctions on Sudan, ending more than two decades of economic restrictions with the North African state. The revocation, which will be effective as of 12 October, is expected to boost aspects of Sudan’s economy, such as aviation, agriculture and… Read More
4th October 2017
In a new twist in the ongoing trial of a Senior Advocate of Nigeria, Dele Belgore and a former Minister for National Planning, Prof. Abubakar Sulaiman as former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke urged a Federal High Court in Lagos to compel the federal government to facilitate her… Read More
27th September 2017
The Serious Fraud Office (SFO) has confirmed it will bring charges against the ex-chief executive and chief operating officer of Afren, the former FTSE 250 oil and gas company that collapsed into administration in 2015. Osman Shahenshah and Shahid Ullah will appear at Westminster Magistrates Court tomorrow to be charged… Read More
25th September 2017
China has moved to limit North Korea’s oil supply and will stop buying textiles from the politically isolated nation, it said on Saturday. China is North Korea’s most important trading partner, and one of its only sources of hard currency. Read More
21st September 2017
The Abuja Division of the Federal High Court, on Wednesday, struck out a charge that indicted the former Minister of Petroleum Resources, Diezani Allison-Madueke to the illegal diversion of about $1.6 billion from proceeds of sales of petroleum products belonging to the Federal Government. Justice Nnamdi Dimgba struck out the… Read More
18th September 2017
Tanzanian President John Magufuli’s deepening dispute with companies he accuses of being tax cheats is rattling investors and dimming the allure of one of Africa’s fastest-growing economies. Since taking office in late 2015, Magufuli has been on a drive to increase revenue from natural resources to help fund his industrialization… Read More
12th September 2017
Brazilian police on Monday launched an operation involving possible money laundering by the agricultural arm of Venezuela’s state-run oil company PDVSA through imports of agricultural equipment from Brazil, authorities said. Under the scheme, which has been under investigation for three years, PDVSA overpaid two companies, one Venezuelan and one Brazilian,… Read More
12th September 2017
The United Nations has imposed a fresh round of sanctions on North Korea after its sixth and largest nuclear test. The measures restrict oil imports and ban textile exports – an attempt to starve the North of fuel and income for its weapons programmes. Read More
11th September 2017
Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern Zimbabwe are channelled through Dubai,… Read More