SOMALI WORLD CUP REFEREE DENIED ENTRY TO UNITED STATES. (PHOTO).

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 Somali World Cup Referee Denied Entry to United States Award-winning Somali referee, Omar Artan, has been denied entry into the United States despite holding a valid visa, according to a senior official in Somalia’s sports ministry. Artan, who is set to become the first Somali referee to officiate at the FIFA World Cup finals, was stopped at Miami International Airport and subsequently returned to Istanbul, where he had been residing. The reason for the denial was not immediately disclosed. However, Somalia is among the countries affected by a travel ban introduced by the administration of Donald Trump. Reacting to the development, Ciise Aden Abshir, a senior adviser to Somalia’s Ministry of Youth and Sports and a former national team captain, described Artan as one of Africa’s most respected referees. “Omar Artan is among Africa’s most respected referees and deserves the support of the entire football community,” Abshir told AFP on Monday. He added that preventing the referee fro...

BANK OF ZAMBIA EXPRESSED CONCERN OVER IT'S CITIZEN'S PARTICIPATION IN FRAUDULENT FINANCIAL SCHEMES. (PHOTO). #PRESS RELEASE.


 The Bank of Zambia has expressed concern over the continued participation of members of the public in fraudulent financial schemes worries Bank of Zambia


BOZ Assistant Director Communications Besnat Mwanza says the schemes typically promote investment options that promise abnormally high returns.

READ PRESS RELEASE BELOW:

Bank of Zambia


PRESS STATEMENT


WARNING AGAINST MONEY CIRCULATION SCHEMES


The Bank of Zambia has observed, with concern, the continued participation of members of the public in fraudulent financial schemes. The schemes typically promote investment options. that promise abnormally high returns. Countless citizens continue to lose their hard-earned money to such schemes.


The Rank reiterates that any person who conducts or participates in a money circulation scheme or issues a notice, circular, prospectus, proposal or other document inviting the public to subscribe to a money circulation scheme commits an offence. Promoting such schemes contravenes, among others, Section 157 of the Banking and Financial Services Act which states that, "a person who conducts or participates in a money circulation scheme commits an offence and shall be liable to prosecution."


Members of the public are, therefore, encouraged to be on the look-out and report any suspicious financial institutions to law enforcement agencies. They are particularly encouraged to only deal with licensed financial service providers when making investments. This is the first step in safeguarding one's money.


Unlicensed institutions perpetrating fraudulent financial services and products and members of the public participating in such schemes are warned that they do so at the risk of prosecution.


The following are the institutions licensed by the Bank of Zambia:


Commercial Banks


Non-Bank Financial Institutions


Payment System Institutions


Issued by


An


Besnat Mwanza


Assistant Director-Communications


May 23, 2024

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