NBFIRA, BPOPF face off against CMB

Friday, July 06, 2018

The Non-Bank Financial Institutions Regulatory Authority's (NBFIRA) face off against Capital Management Botswana (CMB) will play out next week at the Court of Appeal as the regulator still fights to place the asset manager under statutory management.

NBFIRA lost the suit at the High Court in April when Judge Omphemetse Motumise dismissed their application that sought confirmation of the appointment of Peter Collins as Statutory Manager for CMB.

Motumise had also granted a counter-application filed by CMB in which they wanted an order setting aside the appointment of Collins.

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