CBZ sues Ambrose Mutinhiri for failing to pay $216 724 debt

CBZ, is suing Mashonaland East Provincial Affairs minister Ambrose Mutinhiri, for failing to service a $216 724 overdraft facility extended for his summer cropping programme in 2010.

According to the summons issued in January this year under a case number, which was erroneously entered as 574/2016, CBZ said it wants cumulative unpaid capital of $108 258,37, cumulative unpaid interest of $108 258,37 plus cumulative unpaid charges of $208.

The bank states that Mutinhiri bonded all his movable properties, which the financial institution was now urging the court to allow them to attach. Mutinhiri has since responded to the lawsuit.

More: NewsDay

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