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Zuma’s Son to Face Court Charges

Zuma’s Son to Face Court Charges

  The son of South Africa’s ex-President Jacob Zuma will appear in two separate court cases this week after returning to the country to attend his brother’s funeral, adding to the controversy around the former ruling family’s activities. Duduzane Zuma, 34, has been asked to appear in the Specialized Commercial Crimes Court in Johannesburg on […]

How the ‘Warren Buffett of Arabia’ Built His Fortune

How the ‘Warren Buffett of Arabia’ Built His Fortune

When the Saudi king had dozens of powerful princes and businessmen arrested on Nov. 4 in a crackdown on corruption, none of the names grabbed global attention quite like that of Prince Alwaleed bin Talal. The world’s 61st-richest person, the royal is practiced at grabbing attention. For decades he’s been a celebrity on Wall Street, […]

Kachikwu Questions $24 Billion Oil Deals

Kachikwu Questions $24 Billion Oil Deals

Nigeria’s oil minister sent a letter to President Muhammadu Buhari listing at least $24 billion of contracts involving the state oil company that he said were never discussed with him or the firm’s board, a copy of the document seen by Bloomberg shows. Emmanuel Kachikwu, the state minister for petroleum resources, complained in the seven-page, Aug. […]

Govt. To Permanently Seize Ex-oil Minister’s $37.5 Million Property

Govt. To Permanently Seize Ex-oil Minister’s $37.5 Million Property

Nigeria has been told by a court it can permanently seize a $37.5 million apartment block owned by a former oil minister who is wanted for money laundering. The property belongs to former petroleum minister Diezani Alison-Madueke, who was in office between 2011 and 2015. It had previously been seized temporarily. Alison-Madueke’s whereabouts are unclear, […]

BAT Faces Full U.K. Probe Into African Tobacco Bribe Report

BAT Faces Full U.K. Probe Into African Tobacco Bribe Report

British American Tobacco Plc faces a formal probe by the U.K.’s Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco legislation. BAT said Tuesday it is running its own investigations, via external legal advisers, into allegations of misconduct and is cooperating with the U.K. prosecutor. A […]

South Africa’s Opposition Files Complaint Against Zuma Over Corruption

South Africa’s Opposition Files Complaint Against Zuma Over Corruption

South Africa’s main opposition party filed a criminal complaint on Tuesday accusing President Jacob Zuma of corruption, after an anti-graft agency released a report listing allegations of influence peddling in his government. The report, titled “State of Capture”, stopped short of reaching conclusive findings against the president, some of his ministers and heads of state-owned […]

UK Ready To Return Looted Funds, says AGF

UK Ready To Return Looted Funds, says AGF

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami, said on Sunday that the government of the United Kingdom had shown its commitment towards repatriating funds stolen from Nigeria. Malami returned from the United Kingdom on Saturday after a two-day International Anti-Corruption Summit also attended in London last week by many world […]

EFCC Gets Order To Hold Fani-Kayode For 14 Days

EFCC Gets Order To Hold Fani-Kayode For 14 Days

The Economic and Financial Crimes Commission has obtained a remand order to keep a former Minister of Aviation, Chief Femi Fani-Kayode, in custody for the next two weeks. The remand order is, however, renewable after 14 days depending on the outcome of investigations. Fani-Kayode is being investigated by the EFCC for allegedly receiving N840m when […]