A High Court in Abuja has found former Minister of Power Saleh Mamman guilty on 12 counts related to fraud and money laundering. This ruling emerges from a thorough investigation by the Economic and Financial Crimes Commission (EFCC), which uncovered unauthorized misappropriation of public funds during Mamman's term in office under former President Muhammadu Buhari. In a pointed critique within the ruling, the presiding judge remarked, "... instead of establishing a legacy aimed at resolving the nation's chronic power…

Malaysia’s High Court on Friday sentenced former Prime Minister Najib Razak to 15 years in prison after finding him guilty of abuse of power and money laundering tied to the multibillion-dollar 1MDB scandal, deepening the legal reckoning over a case that has reshaped the country’s politics and reputation. Judge Collin Lawrence Sequerah said the sentences “are to run concurrently,” and ordered fines and asset seizures. Najib’s lawyers said they will appeal the ruling next week. The verdict adds to a cascade of criminal cases…

When a Budget Fight Becomes a Battle for Power The United States finds itself once again at the mercy of procedural paperwork made emotional — a partial government shutdown because Congress failed to pass the stopgap spending bill that keeps federal paychecks flowing and services running. On paper, the dispute looks technical: a few pages of appropriations law and a deadline on the calendar. In practice, it has become a pitched political battle over health-care subsidies, presidential authority and the very idea of…

Gerard Hutch, commonly referred to as 'the Monk', has been taken into custody amid accusations related to money laundering activities. The 61-year-old was among nine individuals presented to a magistrate by Spanish law enforcement in Lanzarote. While two individuals were denied bail and detained, the remaining seven were granted bail, albeit with conditions. In this group were individuals connected to Hutch, including a close family member and various legal and business associates. According to a statement from Spanish…

This evening, in a Spanish courtroom, Gerard Hutch, infamously dubbed 'the Monk,' found himself embroiled in serious legal troubles connected to suspected money laundering activities. At a bustling judicial facility in Lanzarote, the 61-year-old Hutch was one of nine individuals summoned before a judge by Spanish law enforcement officials. Among this group, two individuals have been denied bail and will remain behind bars, while the remaining seven have been granted provisional release under stringent conditions.…

  Somali and Turkish officials have inked a bilateral pact to bolster cooperation in the realm of financial intelligence. Captured at the signing event in Ankara, we have Amina Mohamed Ali, at the helm of Somalia’s Financial Reporting Center (center), alongside Hassan Keymak, who steers Turkey’s Financial Intelligence Unit (MASAK) (right).  Mogadishu (AX) — Somalia and Turkey have cemented an accord to elevate collaboration on financial intelligence sharing. This landmark agreement, signed in Ankara, unites Somalia's…

Several African video game studios have joined forces in PAGG, Pan Africa Gaming Group, to develop and harmonize the continent's sector. And one of the problems to be solved for these studios is games to generate money, knowing that the US online stores, Apple…

New research assesses effects of mobile money service on small and medium-sized businesses in Somalia To disseminate the newly discovered knowledge among researchers and the public, the Research and Development Center of SIMAD University organized a forum for disseminating research results at the Primo Palace. Ustad Abdinor Ali Mohamed, Principal Researcher and Lecturer at the Faculty of…

In Senegal, the mobile payment operator Wave announced on Saturday, June 5, that it had arrested the regulator to measure sales of Orange telephone credit through their platform, which has now become impossible. An announcement that falls a few days after the drastic 80% drop in Orange Money prices, in the country where the trade war is fierce between these two electronic money services.…

The case dates again to the summer time of 2020. The Survie Cameroon fundraising platform, launched by political opponent Maurice Kamto to assist struggle Covid-19 in Cameroon, reveals almost 1.1 million folks. However there is barely about 800,000 euros in Survie's checking account. Or a distinction of 330,000 euros. For a number of months and regardless of the reasons given by the donors to Maurice…