insert_link Africa Nigeria’s Financial Crimes Commission Seizes Largest Ever Asset Cache Nigeria's Economic and Financial Crimes Commission has announced its largest-ever seizure of assets, confiscating a housing estate of over 750 properties in Abuja. BBC Africa has it that the properties are suspected to have been purchased with funds from corruption, though the EFCC did not disclose the former government official behind the assets. Established in 2003, the EFCC aims to combat widespread corruption in the country. today4 December, 2024
insert_link Business / Economics South Africa nears compliance with the Financial Action Task Force’s financial crime requirements South Africa is close to meeting the Financial Action Task Force's requirements to combat financial crimes like money laundering and terrorism financing. In his first medium-term budget policy statement for the seventh administration, Finance minister Enoch Godongwana said only six items remain to be addressed by February next year, with 16 of the 22 requirements already fully or mostly completed: today31 October, 2024
insert_link Africa Nigeria freezes over 300 suspected accounts to secure its foreign exchange market Nigeria's anti-graft agency, the Economic and Financial Crimes Commission, EFCC says it has frozen about 300 accounts to ensure the safety of its foreign exchange market. today24 April, 2024
