NDB stops giving loans
Wednesday, March 11, 2015
![NDB CEO Morapedi](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/march/11/php3A95.tmp.jpg&w=400&q=72&f=jpg&t=1)
NDB CEO Morapedi
Sources have disclosed that the bank is likely to declare a loss of between P10 million to P15 million.
Contrary to the bank’s claim of a clean bill of health, a special general meeting was held to communicate the opposite on January 14, 2015. The bank management specifically announced to staff that due to a lack of funds, loan disbursements in respect of all products were being stopped.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...