NBFIRA Restores BOFUS License

Motshegwa said the cancellation which caused confusion among Bosetu members recently, was quickly appealed, and NBFIRA restored it.”I must add that as soon as they heard us, NBFIRA advised us to write an appeal, which they favourably acted upon, the problem was not on our side, the problem emanated from third parties especialy issuance of guarantee letters. Both Bofus Insurance broker and the regulator are amicably addressing the challenge and things are normalising; a fact that the Bosetu family will be happy to hear about”, Motshegwa explained.