Och-Ziff Capital Management Admits To Role In Africa Bribery Conspiracies And Agrees To Pay $213 Million Criminal Fine From the U.S. Attorney’s Office for the Eastern District of New York: "Och-Ziff Enters into 3-Year Deferred Prosecution Agreement; Och-Ziff Subsidiary Pleads Guilty to Conspiracy to Violate the FCPA" BROOKLYN, NY – The U.S. Attorney’s Office for … Continue reading Och-Ziff’s African (formerly lucrative) nightmare
A long walk to freedom need not mean a slow crawl on combating corrupt government BY PETER O’BRIEN* The recent (May 12) London Summit on Anti-Corruption resulted in another small step in the right direction. About 40 countries were represented, along with a number of international sports associations and similar bodies that have come under … Continue reading Slow Crawl On Corruption
Understanding the Context: AAF’s Review of the U.N. Report entitled “Measuring Corruption In Africa: The International Dimension Matters”, by the United Nations Economic Commission For Africa, March 2016 By Peter O’Brien* Economics and politics experience fashion changes at a pace that makes clothes designers envious. And, like the designers garments, some of “today’s problems” … Continue reading Understanding the Context: AAF reviews U.N. Report “Measuring Corruption In Africa”
The X, Y and Zumas of the ‘Panama Papers’ leak By AAT & AAF author, Michael-James Currie. During the week of 04 April 2016, headlines around the world reported on what may turn out to be one of the most significant developments in the fight to combat the use of offshore accounts for purposes of … Continue reading Caprikat, Foxwhelp & Aurora: The Tip of Africa’s ‘Panama Papers’ Iceberg?
Inside & Outside the Circles of Corruption By Peter O'Brien, Pr1merio chief Economics & Trade advisor. Many widely quoted assessments of corruption rank African countries poorly. These ratings are based mainly on indicators related to the ways in which business contracts, especially those involving government funds, are concluded. The suggestion is that resources are wasted … Continue reading Circles of Corruption: how does Africa stack up against the OECD?
$1 billion per year lost to corruption Recently, AAF reported on the multi-faceted PR efforts of the new Buhari regime to clean up the soiled image of "corrupt Nigerian politics" -- among other things, by staging photo ops with World Bank leaders, charging former government officials with bribery, and moving ahead on basic appointments. Today, … Continue reading $1 billion per year lost to corruption: a Nigerian saga
Nigeria moves on its anti-corruption promises: Former Defence Minister charged Reuters and BBC have reported that former Nigerian Defence Minister, Bello Haliru Mohammed -- a veterinarian by training who served in several ministerial positions, most recently under former President Goodluck Jonathan -- has been charged with money laundering and related corruption counts. He is no stranger to … Continue reading Money laundering, $2bn phantom contracts, and Boko Haram
IMF's Lagarde to Nigeria's Buhari: Country needs to strike balance, yet ensure long-term anticorruption measures By Michael James Currie. The managing director of the International Monetary Fund, Christine Lagarde, welcomed Nigeria’s anti-corruption campaign which has been significantly pushed by President Buhari who was elected in May 2015. The Buhari administration is moving towards developing a strong … Continue reading From Managing Director to President: Get rid of corruption!
'Omar Dis-Appear': The Potential Legal Effects of Africa’s Withdrawal from the International Criminal Court as a Result of the Omar Al-Bashir Debacle By Rui Lopes -- AAT & AAF contributing author ("The Fascinating Story of Thula Madonsela and Being Undermined") The mass withdrawal of the Rome Statute by African states leaves most of them with little to no … Continue reading ‘Omar Dis-Appear’: Legal Effects of Africa’s Withdrawal from the ICC
Key Nigerian ministerial positions announced, with long delay The swearing-in of Nigeria’s new members of President Muhammadu Buhari’s cabinet took place in his villa in Abuja, notably after an almost six-month delay (hence the popular moniker for the new leader, “Baba Go Slow”). As Andreas Stargard, a director with African anti-corruption advisors Pr1merio, points out, … Continue reading New cabinet positions announced, but no anti-corruption minister in sight