Africa
Nigerian Fintech, Flutterwave, others accounts frozen over alleged money laundering in Kenya
The firms have been accused of being used as conduits for money laundering in the guise of providing merchant services.
Gifty Danso
Results for "National Investment Bank"
3352 results.
Business
Special Prosecutor begins investigations into financial sector crisis
In a statement, the OSP says the investigations ‘target alleged corruption and corruption-related offences perpetrated by officials of the Bank of Ghana, banks, specialised deposit-taking institutions and financial holding companies.”
DL News
Africa
Nigeria warns of digital currency fraud
The e-Naira, a digital version of the naira, is issued by the central bank and is held in an electronic wallet – a first of its kind in Africa to be issued through a government entity.
BBC
General
Doing Business rankings: IMF board backs Georgieva after review of data-rigging claims
The IMF said the information presented during its review – which included meetings with WilmerHale attorneys and Georgieva – did not conclusively demonstrate that she played an improper role in the Doing Business report.
DL News
General
BoG: Rural banks must meet minimum capital requirement by end of 2021
Central banks around the globe are exploring the introduction of digital currencies and Ghana is among the leading African countries to enter the pilot phase.
DL News
Crime
Ghanaian man escapes jail time for role in $4.7m email scam in Australia
Maxwell Kyere was sentenced to a 19-month intensive corrections order and 200 hours of community service at the Downing Centre District Court on Wednesday, after last year pleading guilty to knowingly dealing with the proceeds of crime.
DL News
Business
Abossey Okai spare parts dealers to enforce ban on foreigners in local trade
In a statement signed by its Communications Director, Takyi Addo, the Association said the initiative will focus on Section 27(1) of the Act, which bars non-citizens from engaging in petty trading, hawking, or selling in stalls and markets.
DL News
Business
Avoiding litigation: Seek legal advice before acquiring property-Lawyer
As a leader of a collaborative team comprising real estate developers, insurance companies, and financial institutions, Mr. Osei-Owusu has been instrumental in supporting diaspora communities looking to invest in Ghana’s property market.
DL News
Courts
RNAQ’s ex-wife seeks freeze on company share sales and luxury assets
Mrs Quaye wants the court to freeze the disputed assets so that, if her appeal succeeds, the properties will still be available for redistribution.
DL News
Business
Mahama assents to VASP Bill, formally legalising and regulating crypto and virtual assets in Ghana
The assent, confirmed in a statement by Mensah Thompson, Deputy Director-General of the Securities and Exchange Commission (SEC), follows Parliament’s approval of the Bill
DL News
General
Desist from investing with them – EOCO cautions public against two ponzi schemes
EOCO said its checks showed that both companies are not registered to operate as online investment companies. It stated that they are neither registered with the Bank of Ghana, the Securities and Exchange Commission, nor the Register-Genera...
DL News
Courts
Produce signed GIIF board minutes-Court orders ex-secretary in Sky Train case
The order came after lawyers for former GIIF CEO Solomon Asamoah asked the court to compel the witness to bring the document, arguing that a later set of minutes refers to the March 13 minutes, yet the prosecution did not disclose that reco...
DL News
General
Enhancing Ghana’s ADR Framework: Aligning Arbitration with International Best Practices
This article focuses primarily on arbitration, examines the alignment of the Arbitration section of Ghana’s ADR Act with international standards and explores potential reforms to enhance Ghana’s arbitration landscape, making it more efficie...
Prince Kojo Tabiri ACIArb & Godwin Selasi Owusu ACIArb
Tech
Surge in online investment fraud in January-CSA cautions public
According to the CSA, fraudsters are using deceptive tactics, including false affiliations with well-known foreign companies, to lure victims with promises of high returns.
DL News
Courts
Three suspects arraigned for kidnapping and assault of businessman
The suspects, identified as Albert Tetteh Botchway and David Burke—both 34-year-old businessmen—and Promise Lamptey, a 29-year-old security guard, are facing charges related to the incident.
Courts
Forex trader bailed GH¢5 million for stealing, fraud
Judge Samuel Bright Acquah, presiding over the case, set Boateng’s next court date as February 5, 2025.
DL News
Crime
Expedite investigation-Court tells prosecution in forex trader case
Benjamin Appiah Boateng, the accused, allegedly obtained $300,000 and GH¢10,445,000 from Berry Kwadwo Agyapong and David Burke under the guise of investing their money in UDST and Binance cryptocurrency platforms.
DL News
Courts
Court winds up Q-net Investment as AG petitions
This follows a petition filed by Attorney General, Godfred Yeboah Dame per Section 84 (1) of the Corporate Insolvency and Restructuring Act, 2020 (Act 1015) indicating that Q-net operated in a manner that qualifies it as a Ponzi Scheme.
DL News
Tech
How Metaverse Firms Look to Manage Asset Loss, Disruption Risks in Untested Worlds
Attorneys entering the metaverse acknowledge the risk of a virtual universe shutting down and making their digital assets effectively worthless. But for some, there is value in being first and staying long-term.
Law.com
Africa
Demand for African arbitration centres on the rise – Report
Increasing disputes between African parties are being resolved ‘onshore’, through African arbitral institutions and local courts, as opposed to the former practice of ‘offshore’ resolution of disputes.
DL News