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Tag: Bank

Africa Business East Africa West Africa World 

Kenya freezes Nigerian tech firm’s bank accounts over fraud allegations

Elwin Mandowa, , , , , , , , ,
– – Kenya has frozen bank accounts run by a Nigerian online payments’ company on the orders of a court. The Kenyan court ordered the freeze over allegations that the firm’s accounts were linked to fraud and money-laundering. Kenya’s Assets Recovery Agency (ARA) said it sought and was granted orders freezing a total of 6.2bn shillings ($52.5m; £43.9m) in 62 bank… Read More
Africa Business East Africa World 

South Sudan President sacks central bank governor

Elwin Mandowa, , , , , , ,
– – South Sudan’s President Salva Kiir has sacked the central bank governor. The dismissal of Dier Tong Ngor was announced in a presidential decree read on the national broadcaster. No reasons were given for his sacking. He has been replaced by Moses Makur Deng who has been a director-general in charge of banks’ supervision and research at the bank.… Read More