Dollars
Zimbabwean government agrees to pay $3.5 billion compensation to white farmers
The Zimbabwean government and former white commercial farmers on Wednesday signed a 3.5 billion United States dollars compensation agreement for the farmers. The money, which will be borrowed by the Zimbabwean government, is meant for improvements made by the white farmers on their farms that were acquired by government under the land reform program. President Emmerson Mnangagwa, speaking at the signing ceremony in Harare, said the agreement was a significant step towards bringing closure to the land reform program. Under the program which started in the early 2000s, government compulsorily acquired excess farm land from white farmers to resettle landless blacks. Government said this was meant to redress colonial land ownership imbalances that were skewed in favor of whites, and also to ec...
Boko Haram eliminates aid workers abducted in Borno
The Boko Haram terrorists on Wednesday released a video showing the assassination of five humanitarian workers who were recently abducted along Monguno area of Borno state. The insurgents had earlier demanded about $500,000 dollars ransom before the abducted workers can be released. In a video released on Wednesday, the abducted humanitarian workers were all executed. The message, left by the Boko Haram terrorist, reads: “We are sending this as a very strong message to you unbelievers and infidels. And to those of you that are being used by these infidels to repent. “You are working for them but they do not have any concern about you. “You worked for them to achieve their goals but they are very far from your plight. They do not show you any care. Look at you now. When we kidnap you they d...
FBI: Hushpuppi attempted to dupe Premier League club of £100 million
Alleged international fraudster, Ramon Abbas aka Ray Hushpuppi, on Friday made his first court appearance in an American court where the Federal Bureau of Investigation alleged that he attempted to dupe an English Premier League football club of £100m (N48.4bn). The allegation is contained in an affidavit deposed to by FBI Special Agent, Andre Innocenti, who is assigned to the Los Angeles Filed Office High-tech Organise Crime Squad. According to the FBI, the suspect is facing charges of conspiracy to commit money laundering among others. The affidavit read in part, “Abbas and others further conspired to launder hundreds of millions of dollars from other fraudulent schemes and computer intrusions, including one scheme to steal £100 million (approximately $124 million) from an English Premie...
Liberia withdraws corruption charges against ex-president’s son
Liberia has dropped charges against four former central bank bosses, including an ex-president’s son, in a highly publicised graft scandal over the mishandling of banknotes worth millions of dollars. Five people were indicted last year for “economic sabotage” and other crimes after a probe found that an order for cash worth some 16 billion Liberian dollars ($80.6 million, 74.6 million euros) could not be traced. Charles Sirleaf, the son of former Liberian president and Nobel laureate Ellen Johnson Sirleaf, was among the five originally indicted, as an ex-deputy governor at the central bank. But on Thursday evening, Liberia’s Justice Minister Musa Dean told a court in the capital Monrovia that he was dropping charges against Sirleaf, as well as four others. The government did not respond to...
