NBFIRA Wins Round 2 In P477m Row

This followed after the High Court reinstated the authority’s decision to freeze the firm’s accounts and hand its operations over to a statutory manager.

Capital Management Botswana (CMB) is involved in an acrimonious dispute with the Botswana Public Officers Pension Fund (BPOPF), which is demanding the return of about P477 million of its assets handed over to the firm from 2014 for investment. The pension fund, which accuses CMB of several contract violations, lost a legal challenge against CMB late December, with the court ordering the parties to go for arbitration.