BCL creditors face long wait to get payment

Thursday, January 19, 2017

Nigel Dixon-Warren PIC: KENNEDY RAMOKONE

SELEBI-PHIKWE: The provisional liquidator of the BCL Group, Nigel Dixon-Warren has said creditors will only get any payment if there is sufficient funds when the liquidation process is finalised, possibly towards the end of 2017.

He explained during a press conference here on Tuesday that the High Court will decide on February 7 if the companies should be placed under final liquidation.

He stated that afterwards, the Master of the High Court will convene a meeting so that creditors can prove their claims against the three subsidiaries of the BCL Group so that they can issue instructions to the liquidator and receive payment against their claims at the end of the liquidation process.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Play fair- Defence tells State as Moagi trial stalls

Larona Makhaiza | 3 h ago

Takatokwane police probe 'injury-related death' months after attack

Pini Bothoko | 4 h ago

Cow carcass hanging on tree as two suspects flee

Pini Bothoko | 5 h ago

Unidentified pedestrian dies in early Sunday car accident

Pini Bothoko | 5 h ago

Serowe man faces rape charge after 'forcing' girlfriend into oral sex

Pini Bothoko | 5 h ago

BDP sees hope in Tati by-election result

Tsaone Basimanebotlhe | 5 h ago

AG counts losses in outsourced legal cases

Goitsemodimo Kaelo | 5 h ago

AG yet to see forensic report

Goitsemodimo Kaelo | 5 h ago

Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

The Monitor Editor | 23 June 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

BCL creditors face long wait to get payment

SELEBI-PHIKWE: The provisional liquidator of the BCL Group, Nigel Dixon-Warren has said creditors will only get any payment if there is sufficient funds when the liquidation process is finalised, possibly towards the end of 2017.

Explore

More

Play fair- Defence tells State as Moagi trial stalls

Takatokwane police probe 'injury-related death' months after attack

Cow carcass hanging on tree as two suspects flee

Unidentified pedestrian dies in early Sunday car accident

Serowe man faces rape charge after 'forcing' girlfriend into oral sex

BDP sees hope in Tati by-election result

AG counts losses in outsourced legal cases

AG yet to see forensic report

Get back what was stolen, and lock the door