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26th February 2016

Nigeria: FG determined to enforce FOI law

Abuja—The Federal Government said yesterday that it will muster the needed political will to enforce the Freedom of Information Act and other instruments to help in the fight against corruption in the country. Read More

26th February 2016

KenolKobil of Kenya to Clear Debt After Exiting Two Countries

KenolKobil Ltd., Kenya’s biggest fuel retailer by market value, will use proceeds from the sale of its Tanzanian and Congolese operations to reduce financing costs after exiting regions its managing director said were rife with tax evasion. Read More

25th February 2016

South Africa: Court to hear R76 million cash smuggling case

The two Mozambicans who allegedly tried to smuggle more than R76 million in cash into South Africa are expected to appear in the Barberton Magistrate’s Court in Mpumalanga on Thursday. Read More

25th February 2016

Nigeria: Court to decide Metuh’s case March 9

Abuja - A Federal High Court will on March 9, 2016 decide the fate of the National Publicity Secretary of the Peoples Democratic Party (PDP) Olisa Metuh. Read More

25th February 2016

Jersey seizes £3.6m in Kenyan bribery case

A Jersey registered company has pleaded guilty to four counts of money laundering in a case involving a corrupt Kenyan public official who hid millions of pounds in the Island. Read More

23rd February 2016

South Africa: Sizani not guilty on 5 counts

Port Elizabeth – Portia “Pankie” Sizani, wife of the African National Congress (ANC) chief whip in Parliament, was found not guilty on five of the 15 counts of money laundering against her in the Port Elizabeth Commercial Crimes court on Tuesday. Read More

23rd February 2016

Angola Out of Money Laundering Monitoring Process

Luanda — The Banco Nacional de Angola (BNA) has been freed from the global money laundering and terrorism financing monitoring process. Read More

22nd February 2016

Algeria: Fight Against Money Laundering – Fatf Welcomes Algeria’s Significant Progress

Algiers — The Financial Action Task Force (FATF) hailed the significant progress made by Algeria in improving its fight against money laundering and the financing of terrorism, said Saturday the Ministry of Finance in a statement. Read More

22nd February 2016

ANGOLA REMOVED FROM MONEY LAUNDERING BLACKLIST

LUANDA – An international money laundering watchdog has removed Angola from its blacklist of nations that fail to meet international standards, the Angolan central bank said on Saturday. Read More

19th February 2016

Kenya: NYS Linked Firms Owe Sh1.2 Billion Tax

Companies whose dealings with the National Youth Service are under investigation have a tax bill which could run to Sh1.2 billion. The Kenya Revenue Authority has been drafted into a government task force investigating the NYS scandal, effectively taking over from the Ethics and Anti-Corruption Commission… Read More

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