Author: Paul Goldstein

Liberia: A Failure to Audit Means You Own Anything That Happens Under Your Watch

NEW YORK, Corruption and economic crimes in the newly installed government of President George M. Weah of Liberia have hit biblical proportions.  Over the past 48 hours, Liberia has been engulfed in one of the most audacious economic crimes in the country’s history. Nearly LD$16 billion dollars intended for the Central Bank of Liberia have mysteriously disappeared. The Minister of Information, Eugene Nagbe, who also served in the administration of former president Ellen Johnson-Sirleaf blames his former boss’s administration for the theft. Mr. Nagbe also issued a statement barring fifteen individuals from leaving the country. Madam Sirleaf has vehemently denied...

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Eton Finance – A Bad Deal for the Liberian People

An Opinion: At Globe Afrique, we cherish the opinion and perspectives of all irrespective of race, gender, social status and religious affiliation. As Gandhi perfectly puts it, we believe through this process, we can help in making societies pure and healthy.  With recent revelations of a pending $536 million loan deal by defunct Eton Finance Private Ltd. of Singapore and the Government of Liberia, the inaugural remarks by President George M. Weah of Liberia that his country is “Open for Business” is quickly turning into ‘Liberia is up for sale.’ Perhaps, it would have been easier to place the...

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Paul Biya: the excessive costs of African leader’s foreign trips

85-year-old President Paul Biya of Cameroon ANALYSIS LONDON—Let us highlight Cameroon’s president, the 85-year-old Paul Biya, who is one of the world’s oldest heads of state, and one of the longest-serving – ruling for nearly 35 years after abolishing term limits in 2008. At 85 years old, the president is still sporting a jet-black hair and is said to be contemplating another run for the presidency. It is not uncommon, for what critic’s term “unproductive African leaders,” to spend millions of dollars each year on foreign trips that, on average, do not produce equally tangible benefits to their country....

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Securities and Exchange Commission Charges Additional Defendant in ICO Scheme

NEW YORK – The Securities and Exchange Commission announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering. In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in a fraudulent scheme related to Centra’s 2017 ICO, in which the company issued “CTR Tokens” to investors.  Earlier this month, the SEC and criminal authorities charged Centra’s two other co-founders, Sohrab “Sam” Sharma and Robert Farkas, for their roles in the scheme. “We allege that the Centra co-founders went to great lengths to create the false impression that...

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Putin envisages Military-Technical cooperation with Nigeria

Vladimir Putin: Russia’s action man president MOSCOW––Russian President Vladimir Putin says he sees good prospects for cooperation with Nigeria in military-technical sphere, aluminum production. “Russia wants to enhance its cooperation with Nigeria in the military-technical sphere and in the aluminum industry,” Russian President Vladimir Putin said. “We are for enhancing mutually beneficial Russian-Nigerian ties further, including cooperation in hydrocarbon extraction and aluminum smelting, as well as in the military-technical sphere,” Putin said on Wednesday during a ceremony in which ambassadors of foreign states presented their credentials. The Russian leader also highlighted Russia’s “close military-technical cooperation with Vietnam,” saying that...

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