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Credit Suisse

Chinese outnumber Americans on rich list for first time ever

The Swiss bank, Credit Suisse, has stated in its Global Wealth Report 2019 that, for the first time, the number of rich Chinese people has surpassed that of wealthy Americans as both countries continue to produce millionaires at fast rates.

Oil prices fall on weak economic data from Europe, China

Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, almost erasing the previous session’s sharp gains after the U.S. said it would delay tariffs on some Chinese products.
Abubakar Malami

Abacha loot: CSOs ask Buhari to fire AGF Malami over $15 million ‘dubious’ lawyers...

Some civil society organisations have called on President Muhammadu Buhari to find a replacement for Abubakar Malami, the attorney-general of the federation (AGF), over the payment of $15 million to lawyers he engaged for the repatriation of $321 million Abacha Loot.

Groups to monitor sharing of $321 million Abacha loot

Some concerned Civil Society Groups (CSOs) have urged President Muhammadu Buhari to live up to the expectations in the agreement reached with the Swiss Bank on the sharing of recovered asset of $321 million linked to the late Gen. Sani Abacha military junta.

Banker pleads guilty in $1.2 billion money laundering scam

A former Swiss bank manager pleaded guilty in a US court on Wednesday for his role in a $1.2 billion money laundering scheme involving Venezuelan state oil company PDVSA, the Justice Department announced.

Nigeria biggest loser of Africa’s $50 billion yearly illicit money abroad

Nigeria is the biggest loser of the $50 billion dollars illicit financial flows out of Africa annually, Minister of Finance, Mrs Kemi Adeosun, has said.

Oil prices edge up on tighter supplies, healthy demand

Oil prices rose on Wednesday on tightening supply and strong global demand although some analysts warned of a downward correction after a more than 13 per cent price rise in a month.

Talk of mega bribes and throat-slashing gestures at FIFA trial

A trial exposing rampant corruption in the business of world football ended a day of testimony Wednesday with a defendant accused of making throat-slashing gestures to intimidate a key witness.

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