Featured Africa

JPMorgan Must Turn Over U.S. Compliance Records in Nigerian Oil License Case: UK Court

The UK High Court has ordered JPMorgan Chase to turn over compliance documents ahead of a trial in which the bank stands accused of enabling the misappropriation of $875 million from the government of Nigeria, the Financial Times reported on Tuesday. The decision stems from an… Read More

Mystery of Sanctioned Tycoon’s Assets in Zimbabwe Revival Plan

In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy. The venture would be 65% owned by the… Read More

SACP vows to follow ANC footsteps on members charged with corruption

According to SABC News The South African Communist Party (SACP) will be taking the necessary measures against it’s members, if they are charged with serious crimes such as corruption, in a move that echoes the African National Congress’ (ANC) approach. The National Executive Committee for the… Read More
10th May 2021
The Attorney-General of the Federation (AGF), Abubakar Malami, said on Friday, that ongoing investigations have revealed many highly placed Nigerians and businessmen involved in financing terrorism. Mr Malami, who doubles as the Minister of Justice, said the ‘strongly’ suspected financiers were already being profiled for prosecution. The minister, who… Read More
10th May 2021
JPMorgan Chase & Co. was warned by its compliance team over the “great risk” of corruption just days before it made the last of three transfers that totaled $875 million to a former Nigerian oil minister. The internal memo is set to be scrutinized in a London lawsuit brought… Read More
10th May 2021
Festering power struggles in South Africa’s ruling party erupted when President Ramaphosa was publicly challenged by his most influential rival. Ace Magashule responded by saying he would not budge as secretary-general and was instead invoking his own powers to suspend Ramaphosa as leader of the African National Congress (ANC). The… Read More
6th May 2021
From “Princess” to Pariah Once Africa’s richest woman, Isabel dos Santos has seen her empire crumble after the publication of the so-called Luanda Leaks, a trove of documents that accused her and her associates of corruption. In January 2020, the International Consortium of Investigative Journalists (ICIJ)… Read More
4th May 2021
In May 2020, 10mm of rain fell at Sendelingsdrif Rest Camp in South Africa’s most north-westerly corner. After enduring nine years of almost zero rain, Pieter van Wyk, a 32-year-old self-taught botanist who heads up the Richtersveld national park’s nursery, was elated to see several species flower for the first… Read More
3rd May 2021
A leading university with a history of accepting donations linked to dictatorships has taken hundreds of thousands of pounds in cash for student fees despite money-laundering risks. The London School of Economics, one of the world’s best arts and social science universities, was forced under freedom of information laws to… Read More
30th April 2021
South Africa’s president has said his party “could and should” have done more about the abuse of power that took the economy to the brink. Giving evidence at a judicial inquiry into the biggest scandal of the post-apartheid era, Cyril Ramaphosa, 68, conceded a decade of… Read More
29th April 2021
Matthew Page, an associate fellow of London-based Chatham House, an international affairs think tank, has advised investigators to focus on real estate and education sectors, when tracking illicit financial flows and money laundering. He gave the advice in a paper he presented entitled, ‘IFFs through the real estate and education… Read More
27th April 2021
The UK has announced new beefed-up sanctioning powers against corruption as Dominic Raab warned the country has become a “honey pot” for foreign actors seeking to launder their “dirty money”. The Foreign Secretary said the new sanctions would stop those involved in serious corruption from entering and channelling money through the… Read More
22nd April 2021
By Katya Bleszynska, Insight Crime, 21 April 2021 InSight Crime — Business jets are on the radar of European authorities after the dismantling of a ring that used private aircraft to smuggle cocaine from Brazil to Portugal. Eight planes held by companies operating illegally in Brazil… Read More