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Themba Dlamini

Barclays jobs in GP - 0 views

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    Barclays jobs in GP
Arabica Robusta

Pambazuka News : Issue 719 - 0 views

  • ‘In the 18 months or so since her appointment, Phiyega and the SAPS have stumbled from one crisis to the next’, reported the Mail and Guardian in a sad account of her performance so far.[7] It’s important to note too that the saga surrounding Transnet for pension plundering during Phiyega’s tenure is ongoing.[8] ABSA is but a part of the world’s biggest bank, Barclays, an institution not adverse to criminal activity either. ‘Ed Miliband demands criminal probe into Barclays interest rate rigging scandal as £3.2bn is wiped off bank in share plunge’, roared a recent Daily Mail news story.[9] The fine the bank got amounted to a tee-hee-hee slap on the wrist; relatively speaking black folk in South Africa have been hit far harder for nicking bread to eat. Of course both instances are damning by association only, but certainly a murky background worth noting if only for the standard business practice and the fluid line between business and politics.
  • He calls it ‘No-Fly Zone For Legal Eagles’, written in 2015: ‘The presidency is working to remove police and prosecutors who refuse to suspend actions against highly influential people. The decline in independence of South Africa's top criminal justice institutions is accelerating as President Jacob Zuma redoubles his efforts to immunise himself and his entourage from prosecution over corruption. That is the verdict of a growing number of legal experts as more and more senior police officers and prosecutors are removed. Corrupt business links with the governing African National Congress and the Presidency are mounting, so the pressures on prosecutors and investigators to be soft on them multiply. State officials are increasingly facing administrative suspension if they do not comply.’
  • the decision by opposition political parties to institute their own militias isn`t an act of mere emulation. Rather, it is a protest against how the ruling party and government have been handling democratic transition in the country, at least, and a failure of the establishment to uphold the constitution, at most.
Arabica Robusta

British banks complicit in Nigerian corruption, court documents reveal | Global Witness - 0 views

  • British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.
  • What is so extraordinary about this story is that nearly all of these of these banks had previously fallen foul of the UK banking regulator, the Financial Services Authority (FSA), in 2001 by reportedly helping the former Nigerian dictator Sani Abacha funnel nearly a billion pounds through the UK. These banks were supposed to have tightened up their systems but as this report now shows, a few years later, they were accepting corrupt Nigerian money again.
  • "Banks are quick to penalise ordinary customers for minor infractions but seem to be less concerned about dirty money passing through their accounts,"
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