NBFIRA blocks CMB's 11th hour escape bid
Friday, July 27, 2018
The move was a stark about-turn as CMB, since the beginning of the year, has fought off NBFIRA’s attempts to place it under statutory management. The regulator wanted the statutory management as part of a probe into the now famous P422 million saga involving monies invested by Botswana Public Officers Pension Fund (BPOPF).
Yesterday, several high level industry insiders told Mmegi that CMB had attempted to surrender its licence with NBFIRA, while promising to drop its other battles with BPOPF and Bona Life, the latter now a closed firm, which is demanding the return of P133 million from CMB.
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...