Former President Robert Mugabe’s nephew Robert Zhuwao has been dragged to the High Court after he failed to repay a $14 000 debt to Centreshot Investments (Private) Limited.
According to the contract, Zhuwao was supposed to repay the loan he acquired on April 28 last year, although he signed the agreement on September 29, within three months by way of $3 216,92 instalments every month. The court papers read:
The defendant breached the terms of the written project loan facility agreement by failing to repay the principal amount and interest fully and punctually on or before 31st of August 2017. As at the date of summons, the defendant’s total indebtedness to plaintiff was in the sum of $14 211, 07.
Centreshot Investments (Private) Limited is now demanding $14 211, 07 plus five percent interest calculated from June 1, 2017 to the date of full payment. Zhuwao 10 working days within which to enter an appearance to defend.
More: Daily News
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