Africa Business News

Ukraine has received a vital $1.34bn in funds from the World Bank.
Ukraine’s Ministry of Finance says the funding has been paid out to support non-security related financial and economic stability.
The cash boost will be welcomed by Kyiv, which warns that its ability to defend against the Russian invasion could soon be impacted by delays in funding from the United States and the European Union.
The ministry noted that the financing, which is the Sixth Additional Financing under its Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project, consisted of a $1.086bn loan from the World Bank, a $190m grant from Norway, a $50m grant from the United States and a $20m grant from Switzerland.

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Ukraine has received a vital $1.34bn in funds from the World Bank.
Ukraine’s Ministry of Finance says the funding has been paid out to support non-security related financial and economic stability.
The cash boost will be welcomed by Kyiv, which warns that its ability to defend against the Russian invasion could soon be impacted by delays in funding from the United States and the European Union.
The ministry noted that the financing, which is the Sixth Additional Financing under its Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE) project, consisted of a $1.086bn loan from the World Bank, a $190m grant from Norway, a $50m grant from the United States and a $20m grant from Switzerland.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union Bank of Nigeria Plc by TTB.
Obazee had in his report alleged that some persons were used as proxies by a former CBN Governor, Godwin Emefiele, to set up Titan Trust Bank and acquire Union Bank.
The Special Investigator also alleged that Emefiele used proxies to acquire Keystone Bank without evidence of payment.
Lemo however insisted that the acquisition of the bank followed due process and met all regulatory requirements, including that of the Securities and Exchange Commission and the Central Bank of Nigeria.
He insisted that the establishment of Titan Trust Bank and the subsequent acquisition of Union Bank were transparent and duly verified by the relevant regulatory bodies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union Bank of Nigeria Plc by TTB.
Obazee had in his report alleged that some persons were used as proxies by a former CBN Governor, Godwin Emefiele, to set up Titan Trust Bank and acquire Union Bank.
The Special Investigator also alleged that Emefiele used proxies to acquire Keystone Bank without evidence of payment.
Lemo however insisted that the acquisition of the bank followed due process and met all regulatory requirements, including that of the Securities and Exchange Commission and the Central Bank of Nigeria.
He insisted that the establishment of Titan Trust Bank and the subsequent acquisition of Union Bank were transparent and duly verified by the relevant regulatory bodies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

The Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union Bank of Nigeria Plc by TTB.
Obazee had in his report alleged that some persons were used as proxies by a former CBN Governor, Godwin Emefiele, to set up Titan Trust Bank and acquire Union Bank.
The Special Investigator also alleged that Emefiele used proxies to acquire Keystone Bank without evidence of payment.
Lemo however insisted that the acquisition of the bank followed due process and met all regulatory requirements, including that of the Securities and Exchange Commission and the Central Bank of Nigeria.
He insisted that the establishment of Titan Trust Bank and the subsequent acquisition of Union Bank were transparent and duly verified by the relevant regulatory bodies.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A judge in Alabama will decide if a new method of execution using pure nitrogen gas can be used for the first time.
Two other states are considering the method as an alternative to lethal injections, after a spate of botched executions in the US.
But lawyers for Kenneth Eugene Smith, convicted of a 1988 murder, argued the method was unconstitutionally cruel.
They urged the judge to block his 25 January execution using nitrogen hypoxia.
According to Alabama's execution protocol, the nitrogen would be administered for at least 15 minutes or five minutes following a flatline indication on the EKG, whichever is longer.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A judge in Alabama will decide if a new method of execution using pure nitrogen gas can be used for the first time.
Two other states are considering the method as an alternative to lethal injections, after a spate of botched executions in the US.
But lawyers for Kenneth Eugene Smith, convicted of a 1988 murder, argued the method was unconstitutionally cruel.
They urged the judge to block his 25 January execution using nitrogen hypoxia.
According to Alabama's execution protocol, the nitrogen would be administered for at least 15 minutes or five minutes following a flatline indication on the EKG, whichever is longer.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

A judge in Alabama will decide if a new method of execution using pure nitrogen gas can be used for the first time.
Two other states are considering the method as an alternative to lethal injections, after a spate of botched executions in the US.
But lawyers for Kenneth Eugene Smith, convicted of a 1988 murder, argued the method was unconstitutionally cruel.
They urged the judge to block his 25 January execution using nitrogen hypoxia.
According to Alabama's execution protocol, the nitrogen would be administered for at least 15 minutes or five minutes following a flatline indication on the EKG, whichever is longer.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

Rudy Giuliani, a longtime associate of former President Donald Trump, has filed for bankruptcy just days after he was ordered to pay $148m in a defamation case.
He was ordered to pay the sum after a judge found he defamed two Georgia election workers over false claims they tampered with votes in 2020.
The filing shows he owes millions of dollars in legal fees and unpaid taxes.
The spokesman for Mr Giuliani, Ted Goodman, says no person could have reasonably believed that Mr Giuliani would be able to pay such a high punitive amount.
He added that the bankruptcy filing in New York would give Mr Giuliani the opportunity and time to pursue an appeal while providing transparency for his finances under the supervision of the bankruptcy court.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

Rudy Giuliani, a longtime associate of former President Donald Trump, has filed for bankruptcy just days after he was ordered to pay $148m in a defamation case.
He was ordered to pay the sum after a judge found he defamed two Georgia election workers over false claims they tampered with votes in 2020.
The filing shows he owes millions of dollars in legal fees and unpaid taxes.
The spokesman for Mr Giuliani, Ted Goodman, says no person could have reasonably believed that Mr Giuliani would be able to pay such a high punitive amount.
He added that the bankruptcy filing in New York would give Mr Giuliani the opportunity and time to pursue an appeal while providing transparency for his finances under the supervision of the bankruptcy court.

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.