Contractor Threatens To Sue FNBB

Monday, November 23, 2020

A legal showdown could be on the cards between local civil engineering and telecommunications contractor Mabiza Plant Hire (MPH) and First National Bank Botswana (FNBB).

MPH director, Reggie Mabiza is accusing the bank of fraudulently deducting just under P700,000 claiming it was legal fees and intends to take the matter to court. The bank has since denied any wrongdoing.

According to Mabiza, he had issues with the bank over his overdraft facility and when he started paying the debt back, he started noticing huge amounts which would be deducted by the bank anytime of the month referenced as legal fees in some instances and legal charges in others.

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