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Kenya accuses more Nigerian companies of fraud–Korapay, Kandon and 7 others. Netflix to introduce ads for cheaper plans. Read about it on TC Daily.
Kenyan authorities have frozen accounts with Sh45 million ($381,000) worth of funds belonging to two Nigerian companies, Korapay Technologies Limited and Kandon Technologies Limited, for allegedly siphoning Sh6 billion ($51 million) into the country.
According to ARA, the Nigerian firms are shell companies incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.
The High court has frozen 56 bank accounts holding a whopping Sh7 billion suspected to have been laundered
Shares 2020 has been an intriguing year with the effect of COVID-19 and its multifaceted impact on all spheres of life, both positively and negatively. While the negative impacts of COVID-19 cannot be underplayed, it has also played out positively in accelerating digital adoption journey across divides, fostering rethinking of business models to serve the insatiable taste of consumers. Above all, brings to fore the resilience spirit in all of us, hence, we all survived the year During the year, the Association had to also rejig the approaches to serving its members and the ecosystem at ...