Afren Plc (AFR), a U.K. oil and gas explorer, fired Chief Executive Officer Osman Shahenshah and Chief Operating Officer Shahid Ullah for “gross misconduct” following an investigation into unauthorized payments. Afren, operating in Nigeria and Kurdistan, has begun legal action to recover the missing funds, it said in a statement […]

Africa’s richest man, Aliko Dangote has instituted legal action against Zambia’s Labour Minister, Fackson Shamenda, claiming $17, 728 damages over alleged defamation of character. According to the processes in the suit filed at the country’s High Court, Dangote, through one of his companies, Dangote Industries Zambia, is seeking an order […]

Swiss Firms Demand Forensic Audit on Change of Ownership of Union Bank writes Tobi Soniyi in Abuja Two Swiss firms, GG Private Limited and Rainmaker BV Limited, have requested a Federal High Court in Abuja to order a forensic audit of the change of ownership of Union Bank of Nigeria […]