FTX Crypto exchange’s Ponzi scheme extended deep into Africa

As the American Chapter 11 bankruptcy filing of now-defunct crypto exchange FTX shows, its rapid implosion within a matter of days last week has wrought havoc in the Web3 world, especially in crypto-currency trading -- and extended its fraudulent tentacles deep into many African jurisdictions. ftx-bankruptcy-filing-sbf-del-ch-11-2022Download “The whole operation was run by a gang of … Continue reading FTX Crypto exchange’s Ponzi scheme extended deep into Africa

New cabinet positions announced, but no anti-corruption minister in sight

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