27th October 2016
Angola’s state-owned banks, businesses and investment funds are all reportedly in trouble: either loss-making or on the brink of bankruptcy. The state oil giant, Sonangol, is floundering amid unpaid debts amounting to hundreds of millions of dollars; the crisis at the Credit and Savings Bank (the BPC, Banco… Read More
27th October 2016
On Tuesday, South African President Jacob Zuma told South Africa’s Upper House of Parliament that he would continue his bid to block the release of the graft report by Thuli Madonsela, South Africa’s former public protector. “As a citizen of this country, I have a legal right to exercise my rights. I… Read More
26th October 2016
A party that favours direct democracy, complete government transparency, decriminalising drugs and offering asylum to Edward Snowden could form the next government in Iceland after the country goes to the polls on Saturday. Riding a wave of public anger at perceived political corruption in the wake of the 2008 financial… Read More
26th October 2016
The director of the Serious Fraud Office (SFO) has said it is crucial for the office to retain its independence and spoken out against being merged into the National Crime Agency. David Green was giving evidence at a justice committee hearing into the work of the SFO. Asked whether he… Read More
26th October 2016
Switzerland has transferred about $51 million in formerly frozen assets to the United States in connection with an investigation into alleged corruption at Venezuela’s state oil company PDVSA, authorities said on Tuesday. The funds are linked to two Venezuelan oil magnates who have pleaded guilty in the United States to… Read More
26th October 2016
The Memorandum of Understanding signed between Tanzania and Switzerland last Friday is an important milestone in the war against grand corruption and other serious financial crimes, says Foreign Affairs and East African Cooperation minister Augustine Mahiga. The agreement will not only enable Tanzania to recover the… Read More
26th October 2016
China and the United States are in “advanced negotiations” on returning to China five of its most wanted corruption suspects who have fled to the US, a state-run newspaper said on Wednesday. China has vowed to pursue an overseas search dubbed Operation Fox Hunt for corrupt officials and… Read More
25th October 2016
A reform requiring Ukraine’s politicians and officials to declare their assets online in order to fight corruption is under threat. Some lawmakers and anti-corruption activists say there are persistent attempts to sabotage the measure, which is backed by the International Monetary Fund (IMF). As reported by the Reuters news agency,… Read More
25th October 2016
South Africa’s Finance Minister Pravin Gordhan faces a tough balancing act on Wednesday when he unveils a midterm budget meant to boost the sickly economy and show his looming fraud case is not distracting him. Gordhan has said he plans to reduce government spending, raise taxes and cut the budget… Read More
24th October 2016
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has attributed current political, social and economic problems in Nigeria to corruption. Malami, who delivered the keynote address at the National Open Government Partnership retreat on Monday in Kaduna, said corruption remained Nigeria’s biggest impediment to attaining sustainable… Read More