Zitto Kabwe Challenge the submit of Stanbank Report

 

Kigoma Urban MP, Zitto Kabwe

 The government has challenged Kigoma Urban MP, Zitto Kabwe, to submit any report on the USD 80million corruption scandal involving Stanbic Bank that has seen the country recover only USD 6million for further legal actions against the financial institution.

 

Attorney General (AG), George Masaju, made the remarks in Parliament on Monday, stating that the government was ready to involve both local and international legal experts to file a criminal case against the bank if it got a detailed report from the legislator.

 

“If the legislator has a good report that can help us take further action against the bank, I request him to bring it to the government to enable us take legal measures,” said the AG.

 

He said the Serious Fraud Office (SFO) in England agreed with the bank on repayment, failure of which it would take legal actions against the financial institution. 

 

The AG was responding to a question by the Kigoma Urban legislator who wanted to know why the government had failed to take action against the bank by compelling it to pay more fines.

 

Zitto also questioned why the Controller and Auditor General (CAG) had not conducted serious investigations on debts and payments in the period that the payments, which led to the said scandal, occurred.

 

But the AG responded that CAG had a constitutional obligation to carry out such investigations to ascertain the loss realised by the government.

Earlier while responding to the main question, deputy minister for Finance and Planning, Dr Ashatu Kijaji, said Zitto did not clearly state how the government lost US$ 80.0 million.

 

She said: “The MP did not provide any evidence on how the government lost the alleged amount of money but instead mentioned a report of the Corruption Watch that was quoted in a story carried in the daily English paper.”

 

The deputy minister also said the government had taken various actions, including through a Bank of Tanzania letter to Stanbic Bank, demanding 3 bn/- fine in connection with the scandal.

 

“The law is very clear that the financial institution had 20 days that ended on 30 January to submit a letter of defense. If BoT is not satisfied, Stanbic has to pay the fine,” she told the House.

 

Recently, the  UK’s first Deferred Prosecution Agreement (DPA) centred on the 12bn/- (USD 6 million) Stanbic Bank bribe scandal has been faulted for short-changing Tanzania in terms of the compensation awarded.

 

 The UK’s Corruption Watch has also criticised the DPA and Serious Fraud Office for not charging the Standard Bank officials involved in the lucrative fundraising deal from the government.

 

So far, no legal action has also been taken against the local wheeler-dealers of the USD 600 million private bond placement as well as Stanbic Bank officials behind the whole bribery scam. 

 

“If DPAs are to act as a serious deterrent to bribery and economic crime, and to garner public confidence, they cannot be a means for individuals to be let off accountability for their actions or for companies to escape the full harm of their wrongdoing,” the British anti-corruption watchdog said in a statement. 

 

It called on Serious Fraud Office and the judiciary to consider seriously if the precedents set in the DPA would genuinely deter wrongdoing and let the real victims of corruption, in this case the Tanzanian people, see justice. 

 

“Standard Bank agreed to pay USD 6 million compensation to Tanzania based on the calculated harm to the country. These are relatively low financial penalties that do not reflect adequate compensation or disgorgement of profits. But compensation may have been well over ten times higher, possibly as high as USD80 million - if the full harm to Tanzania had been taken into account,” Corruption Watch argued.

 

The activist organisation further argued that the DPA did not also address the issue of profits disgorged by the bank, which were set at USD8.4 million. It also failed to take into account revenue streams made by the bank on the transaction - which could have been up to USD10 million - nor the market advantage achieved by the financial institution as a result of the wrongdoing.

 

DPAs were introduced in the US to give the most vulnerable in society a second chance by allowing them to prove good behaviour rather than be prosecuted. They have been increasingly used in the US over the past decade to give that second chance to the most powerful in society.

 

SOURCE: THE GUARDIAN

Manchester United handed achievement in Neymar alteration pursuit

Manchester United’s following of Neymar has been accustomed a above addition by Barcelona’s appear targeting of Paulo Dybala.
The Juventus advanced active for Juve in the summer for £24.3million from Palermo and has fabricated an burning appulse at the club.
The 22-year-old already has 15 goals to his name this division and The Sun are now claiming that Barca are accommodating to pay £45m to get him to Spain.

And letters accent that Dybala’s move will be to accommodate a backup for one of the ‘MSN’ frontline of Lionel Messi, Luis Suarez and United ambition Neymar.
The Manchester club fabricated a bid for Neymar on alteration borderline day in the summer but were unsuccessful.
The Brazilian superstar has aswell accustomed he would adulation to play beneath Pep Guardiola one day who is aswell a ambition for United.

Saido Berahino, Loic Remy and Neymar

And although Neymar is apprenticed with Barcelona until 2018, his abortion to assurance a new accord has Catalan admirers afraid about his future.
Should Barca acquire a bid accustomed for Dybala, United will absolutely already afresh footfall up their absorption in the Spanish club’s man.
Loic Remy on way out as Chelsea acquire £11.5m bid
Chelsea acquire accustomed an action from Leicester City for Loic Remy, according to reports.

The 29-year-old abutting the Blues from QPR in 2014 but has struggled for anatomy this division with just three goals to his name.
Newcastle and Aston Villa acquire both bidding an absorption in the amateur but according to talkSPORT’s Ben Jacobs Leicester acquire baffled both clubs to the striker.
Claudio Ranieri had originally capital to assurance Remy on accommodation but Chelsea would alone acquire a abiding alteration and a fee of £11.5m has now reportedly been agreed.
Newcastle set to exhausted Tottenham to Saido Berahino with £18m bid
Newcastle will attack to assurance Saido Berahino over the weekend afore the alteration window slams shut on Monday night.
Express Sport understands the Magpies are accessible to accomplish a new £18m action and acquire not been put off by administrator Jeremy Peace’s affirmation that the amateur is not for sale.

Berahino was the accountable of austere absorption from Tottenham endure summer appointment a alteration appeal on borderline day.
But West Brom alone it, arch to a argument which has apparent Berahino alone to the under-21s and his first-team opportunities bound mostly to sitting on the bench.
And with Newcastle in the assignment zone, Steve McClaren is atrocious to assurance a striker whose goals can ensure his ancillary do not absence out on next year’s bonanza TV advocacy accord with a additional assignment from the Premier League.

Nottingham Forest bang-up praises administrator for catastrophe burglary ability advanced of Watford tie

DOUGIE FREEDMAN believes Nottingham Forest are accomplishment the allowances afterwards administrator Fawaz Al-Hasawi concluded the club’s hire-and-fire culture.

Dougie Freedman will bless a year in allegation of Nottingham Forest on Tuesday

Al-Hasawi sacked 5 managers in his aboriginal two and a bisected years in allegation afore axis to Freedman.
But the Scot will bless a year in allegation on Tuesday and his ancillary are best in 13 amateur afterwards he was backed by his administrator beforehand this season.
Forest had won just already in 10 amateur afore embarking on their accepted run but Al-Hasawi resisted alleged for Freedman’s head.

“There accept been difficult moments and challenges at time but we accept appear through it and are searching advanced now,” said Freedman.
“Even in the aphotic moments, our accord has been absolutely strong.
“I anticipate the administrator has learnt from the past.
“He is in fact one of the few chairmen who has put his easily up and taken the blame.
“He has said ‘I accept fabricated mistakes’ and he doesn't wish to accomplish them again.
“Mine and the chairman's accord has consistently been good, he is a football man and I like to altercate football with him.

“But it is even stronger now for accepting appear through that.
“I accept benefited from the antecedent managers’ misfortune. I anticipate he sees area we are going.”
The alert FA Cup winners will aim for a last-16 abode today at the amount of the Hornets.
And Freedman has appear he replaced photographs of his accepted players at the training arena with images Brian Clough’s European Cup-winning legends.
He said: “You will not get a account on the bank for scoring a goal, which is the way it seems to be with avant-garde day clubs.
“I accept taken every avant-garde day account down and put all the history up there so players can embrace it and apprentice from it.”

Louis van Gaal reveals his plans after Manchester United's FA Cup win over Derby

LOUIS VAN GAAL insisted he was accessible to acknowledgment Manchester United’s acknowledgment to goalscoring blow with an big-ticket canteen of wine bought for him by arch controlling Ed Woodward.

Louis van Gaal's ancillary produced a much-improved achievement adjoin Derby

The under-pressure United administrator accepted his side’s achievement afterwards they eased accomplished Championship hopefuls Derby County 3-1 to book their abode in the fifth annular of the FA Cup.
"After the achievement adjoin Southampton area there was a abridgement of aplomb now the aplomb is back,” said Van Gaal.
“They played with accord and they capital to action for anniversary added which is nice to see for the manager.”

The Dutchman was presented with a canteen of wine by Woodward as a present for assault Liverpool two weeks ago and accustomed a vote of aplomb from the lath this week.
“I am traveling to go home and allotment the nice canteen of wine with my wife now. It was a actual acceptable achievement at this moment it is added important.”
Goals from Wayne Rooney, Daley Blind and Juan Mata ensured United were the aboriginal name in the hat for the fifth round. Derby had equalised through George Thorne but were calmly despatched by the Premier League side.

Mata insisted United are abutting to refinding their goalscoring blow and accepted the adroitness and accord in foreground of ambition which the playmaker said bodes able-bodied for the actual future.
“We did a acceptable job today and we played quicker football that we did endure anniversary [against Southampton],” Mata said.
“We had added affairs to account and we concluded up scoring three goals.
“Okay they are a Championship ancillary but they are a actual acceptable aggregation and at the end of the day it was a actual acceptable performance.

“How far can we go? It has to be footfall by step. It has been a few years back Manchester United accept won the FA Cup we accept to focus on anniversary annular and now we attending advanced to the draw.”
Derby bang-up Paul Clement maintained were additional best on the night but was admiring with the way they battled in the aboriginal half.
“I ambition they could accept kept it at 1-1 for a little bit best in the aboriginal bisected but United were the bigger side,” he said.
“They denticulate two goals at big moments and you could see the superior of their players. They aswell did a actual acceptable job adjoin us defensively.”

Exchange News: Liverpool 'late transaction', Chelsea £11.5m bargain, Arsenal signings spotte

John Barnes expects Liverpool will finish 'late transactions' for assaulting midfielder Alex Teixeira by due date day on monday.

Teixeira's turn to Anfield has delayed because of Shakhtar Donetsk's £38million requests - that Liverpool consider to be intemperate for the 26-year-old.

"I would be careful about coordinating Shakhtar Donetsk's huge valuation of him, however I can see late arrangements between the clubs happening," Barnes told Titanbet.

Chelsea have allegedly concurred a £11.5m manage Leicester for Loic Remy

Chelsea have acknowledged a £11.5million offer from Leicester for Loic Remy, as per reports.

TalkSPORT's Ben Jacobs uncovered on Twitter that arrangements had occurred between the two Premier League clubs and charge concurred.

It's comprehended the Foxes initially just needed to advance the France global, however the Blues have squeezed for a changeless arrangement taking after the landing of Alexandre Pato.

Be that as it may, it appears to get Remy they brought to the table all the money now. 11.5m is the value I am cited.

— Ben Jacobs (@JacobsBen) January 29, 2016

Arsene Wenger has been snapped with two looming Arsenal exchanges - Nigerian team Kelechi Nwakali and Samuel Chukwueze.

The adolescents were both stars in the U17 World Cup, with Nwakali being named player of the competition, and Wenger has affirmed arrangements are near being concurred.

"There are, obviously, work license issues, therapeutic issues, however it is advancing great," he

Aston Villa Transfer Special: Garde eyes England legend, £5m Swiss star wanted, two exits

NEWS NEWS BLOG SPORT look at what could happen at Aston Villa during the January transfer window.

 



Aston Villa have had a woeful season and sit bottom of the Premier League by some distance



 

They only have seven points and one win to their name after 17 matches and face the reality of relegation from the top flight for the first time in 28 years.

Tim Sherwood was sacked in October after an awful run of results and replaced with Frenchman Remi Garde, who has been linked with Premier League jobs in the past.

Villa’s faithful have suffered desperately and they haven’t finished above 15^th since the 2010/11 season.

Their run to the FA Cup final last season was the only success Villa have enjoyed in recent years, with American owner Randy Lerner becoming increasingly distant from Villa Park.

 

What do they need?

Where do you start? They concede too many goals and don’t score enough. You would think with the summer acquisitions of former England defenders Joleon Lescott and Micah Richards, Villa would have tightened up at the back.

Far from it. They’ve conceded 31 goals so far, Brad Guzan hasn’t performed as well in goal, and Villa lack a spine to their team. Their midfield is weak and vulnerable, completely exposing their shaky defence.

The biggest problem, however, is goals. Villa haven’t filled the huge Christian Benteke shaped hole in their attack. 14 goals from 17 games is a poor return. Jack Grealish needs to live up to the promise he showed towards the end of last season under Sherwood. 

 

How much can they spend?

It will be interesting to see how much Randy Lerner backs Garde come January.

Villa spent just over £50million in the summer, with £32.5m recouped from the sale of Benteke to Liverpool, but Lerner might not be so generous with Villa in such a dire position.

The club has to consider Championship football next season and desperately splashing the cash in January might not be an option at Villa Park.

Who might they sign?

Two big names have already been mentioned by Remi Garde as Villa must look to boost their squad wherever they can in January.

The season ending injury to £9m French left-back Jordan Amavi leaves them short in defence and Garde has confirmed interest in the former Arsenal and Chelsea fullback Ashley Cole, who’s been frozen out at Roma in Serie A.

Another name linked with Villa is Switzerland captain and powerhouse midfielder Gokhan Inler, who’s desperate for more first team football ahead of Euro 2016 after finding opportunities limited at high-flying Leicester.

 

Who could leave?

Garde found Villa in a mess when he arrived in November and has been keen to stamp down his authority in Birmingham.

Club captain Gabriel Agbonlahor was reportedly very unhappy at being dropped by the French boss and could seek a move away from Villa Park, with more than Villa 360 appearances to his name.

Charles N’Zogbia has been publically criticised by Garde for his lack of effort in training and matches, which could lead to friction between the two, and the former Newcastle and Wigan might want to end his laboured career at Villa Park in January.

Crystal Ball: Neymar's £180m Man Utd move, Liverpool sign Lewandowski, Chelsea swap deal

NEWS NEWS BLOG SPORT whips out our crystal ball to dream up some sensational moves in the January transfer window.

 

Neymar joins Manchester United, Grizemann heads to Chelsea and Liverpool land Lewandowski

 

January has seen a flurry of big deals in the past, with Luis Suarez joining Liverpool from Ajax in a £22.7million switch in 2011, while Arsenal smashed their club transfer record in 2009 when they landed Andrei Arshavin for £16.9m.

Bringing in a world-class player mid-season presents a number of issues for clubs who are challenging for silverware as well as sides desperate to avoid relegation.

But here at Express Sport, we have gazed into our crystal ball to wish up some stunning January moves.

Chelsea sell Diego Costa and get Antoine Griezmann in return

Antoine Griezmann has been at Atletico Madrid for just over a year, but Chelsea have been tracking him for much of that time.

The Blues have been keeping tabs on Griezmann and have been impressed with the way he's been tearing apart La Liga defences.

The Frenchman was a target for Jose Mourinho, but Chelsea retain their interest despite sacking the Portuguese boss.

Guus Hiddink approves of the 69-year-old and despite staunch resistance from Atletico for much of January, a deal snowball in the final few days of the month.

Chelsea agree to allow Diego Costa return to the Vicente Calderon, having lost his spark at Stamford Bridge. £10m exchanges hands in Atletico's favour as part of the deal.

Griezmann boards a private plane and lands at London Heathrow before being whisked off to a local hospital for a medical. He is then driven to Chelsea's Cobham training complex to complete the formalities of his move, including putting pen to paper on a £200,000-a-week contract.

Blues fans rush to Cobham to catch a glimpse of their star signing, while over in Spain Costa beams a toothy smile after escaping the wrath of Premier League refs by returning to his old club.

club.

Arsenal convince Victor Wanyama to leave Southampton
Arsene Wenger has had a tendency to wait until deadline day to secure January deals.
But with their injury problems laid bare, Wenger doesn't hang about in landing Southampton's Victor Wanyama.
The powerhouse midfielder makes a cryptic remark about his future on Twitter as the Gunners work hard behind the scenes and see a £20m bid accepted in the first week of the window.
Cue Arsenal fanfare as supporters rush to the Emirates to welcome their first arrival of the window.
Wanyama does the customary photo opportunity with the assembled media inside the stadium, and is handed the number 22 shirt.
Wenger then hastily arranges a press conference to unveil his signing.
Wayne Rooney falls out with Louis van Gaal
Wayne Rooney and Louis van Gaal clash during a Manchester United training session after defeat to Stoke on Boxing Day. Rooney questions Van Gaal's tactics before ranting and raving at his manager, while his team-mates try to break the warring pair up.Van Gaal subsequently calls Rooney into his office, but the England striker stands his ground and tells the Dutchman the players are unhappy with his methods and says he is to blame for the club's indifferent form.
Still fuming after his meeting, Rooney blasts Van Gaal on his Facebook page. The post unsurprisingly causes a storm in the media leaving Van Gaal publicly embarrassed.
Van Gaal demands an apology from Rooney, but when it is not forthcoming, Van Gaal fines Rooney a month's wages and forces him to train with his reserves.

Arsenal are admirers of Victor Wanyama

Jurgen Klopp and Robert Lewandowski reunited at Liverpool
Jurgen Klopp talks throughout January about how he loved working alongside Robert Lewandowski during their time together at Borussia Dortmund.
Lewandowski's agent confirms his client's current club Bayern Munich have been in touch with Real Madrid, but reveals Liverpool have a more tempting proposal.
Lewandowski fuels speculation of a move to Anfield by following the club on Twitter.
After plenty of speculation, Klopp picks up the phone and tells Lewandowski why moving to Anfield would be a dream switch for him. A deal is completed in the final few hours of the window and Klopp breathes a huge sigh of relief.
Liverpool smash their transfer record by paying £58million for Lewandowski. The Pole goes straight into Klopp's matchday squad and is partnered up front with Daniel Sturridge.