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Monday, July 24, 2023 – The court has blocked a state agency from withdrawing a Ksh6.2 billion money laundering case against a Nigerian fintech that has been at the centre of a protracted dirty money probe. In his ruling, Justice Prof Nixon Sifuna cited that the Assets Recovery Agency (ARA) did not give reasons for the withdrawal…
The government had sought to withdraw the case noting lack of evidence.
The High Court has dismissed an application filed by over 2,000 Nigerians seeking to protect their millions, which was part of the Sh6.6 billion frozen last year, over fears of money laundering.
Here’s a list of 22 things that happened for the first time in the African tech scene in 2022
Kenya’s Assets Recovery Agency (ARA) has dropped a lawsuit against three Nigerian companies; Avalon Offshore Logistics Limited, OIT Africa Limited, and RemX Capital Limited, which were at the epicentre of an international money laundering syndicate and were at risk of losing Ksh5.7 billion (US$47.34 million) to the state crime proceeds. …