Featured Africa

U.K. Toes U.S. Line to Block Looted Funds for Nigeria Governor

The U.K. has joined the U.S. in resisting a plan by the Nigerian government to hand nearly $110 million of funds the American authorities say was stolen by late dictator Sani Abacha to a top ruling party official. The three governments are involved in a dispute over investment portfolios worth… Read More

NGO: South Sudan’s Graft-ridden Gold Mining Threatens the Peace

By Sandrine Gagné-Acoulon, OCCRP, 6 April 2020 OCCRP — Family members of top government officials are involved in South-Sudan’s corrupt gold mining sector which is booming and threatening the fragile peace that ended the five-years-long civil war, warned a new report by The Sentry. The NGO was co-founded by… Read More

Morocco’s ‘$65-million’ real-estate swindle

“Give us our money!”, demands a group of home buyers, standing on land that should by now be finished condos — one of many fictitious projects that together comprise what is described as Morocco’s biggest-ever property scam. Adverts on state television had promised dream homes at three for the price… Read More
30th March 2020
It is a sad fact that, even today, enforcement action against the illegal wildlife trade (IWT) usually begins and ends with a seizure of illegal wildlife products. Financial investigations – routine for other serious crimes – are seldom undertaken for IWT. In recent years, however, a growing consensus has… Read More
30th March 2020
The Securities and Exchange Commission of Zimbabwe (SECZ) has launched an investigation into suspected illicit activities surrounding trading in fungible stocks linked to three listed companies — Old Mutual, PPC Limited and Seed Co International. Government recently suspended the fungibility of the stocks. Fungibility means that shareholders from the three… Read More
27th March 2020
An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More
24th March 2020
A former health minister in the Democratic Republic of Congo was sentenced on Monday to five years in prison for embezzling more than $400,000 from the country’s Ebola response funds, a court order showed. Oly Ilunga was health minister for seven months at the height of the Ebola epidemic in… Read More
23rd March 2020
At least 800 properties in Dubai appear to have ties to current and former Nigerian politicians, their family members, associates or alleged proxies, according to a new report published by the Carnegie Endowment for International Peace. The findings, which are based on an analysis of an acquired database of real… Read More
19th March 2020
Cape Verde will close banks that serve only foreign customers, including one partly owned by Angolan billionaire Isabel dos Santos, following Luanda Leaks revelations, the country’s finance minister has pledged. Olavo Correia, who is also the Macaronesian nation’s deputy prime minister, said new laws to shutter so-called “offshore” banks that… Read More
19th March 2020
The Central Bank of the UAE is in consultations with its counterpart in Islamabad and will sanction a Pakistani lender operating in the emirates if it deems the bank has breached its anti-money laundering (AML) laws. The central bank has “zero tolerance for non-compliance with AML regulations,” and expects “high… Read More
18th March 2020
Portugal’s so-called ‘super judge’ Carlos Alexandre has ordered the seizure of all Angolan billionaire businesswoman Isabel dos Santos’ assets in the country, including lucrative stakes in various companies and luxury properties. Alexandre, a high-profile judge specializing in white-collar crime, made the order in Lisbon’s Central Court for Criminal… Read More
16th March 2020
U.S. prosecutors are investigating Credit Suisse Group AG’s (CSGN.S) role in a $2 billion Mozambique corruption case and believe they have evidence of the Swiss lender’s culpability after three former bankers pleaded guilty last year, according to two sources familiar with the matter. Prosecutors believe Credit Suisse can be… Read More
12th March 2020
The U.S. blacklisted two Zimbabwean officials for alleged human rights violations, the U.S. Treasury Department said. The officials, Anselem Sanyatwe and Owen Ncube, allegedly were involved in directing an attack on peaceful demonstrators and political opponents in Zimbabwe, the Treasury said. The designations followed the blacklisting of Messrs. Sanyatwe and… Read More