Bona Life goes solo after CMB
Friday, November 09, 2018
Bona Life, as the sole creditor of CMB Fund 1, has filed an urgent application seeking for the provisional winding up of CMB Fund 1 as the insurance company tries to protect its assets from going under liquidation through asset manager CMB.
CMB, which is already under liquidation is the asset manager for Bona Life and parent host for CMB Fund 1 while Bona Life is a creditor of CMB Fund 1 in a liquidated amount of at least P133,500,000 and reckons that should CMB Fund 1 go under winding up under CMB, it would lose its assets.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...