Fresh twist in P400m row: Statutory manager locked out

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Former High Court judge and prominent attorney, Peter Collins has found himself locked out of the Capital Management Botswana (CMB) offices, where he is supposed to be conducting a probe into, amongst others, alleged suspicious transactions.

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) recently appointed Collins as the statutory manager for CMB, a local asset manager which holds the mandate for disputed funds estimated at P400 million on behalf of the Botswana Public Officers Pension Fund (BPOPF).

The souring of relations between BPOPF and CMB last year, amidst complaints by the pension fund, triggered legal suits between the two that saw NBFIRA’s engagement in the matter through the placement of CMB under statutory management in January.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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