Wednesday, September 30, 2020

FNBB to be quizzed on the P6 million Daisy Loo money

The Botswana Law Society says the First National Bank Botswana should explain what could have allegedly happened to the P6 million interest that accumulated from the P24 million that was supposed to be paid to Daisy Loo by Gaborone City Council but mysteriously went missing.
Allegations are that Daisy Loo might have taken the money under mysterious circumstances.

Speaking to The Sunday Standard, the executive secretary of the Law Society, Patricia Makhoama, said the High Court ordered that all the money be frozen, including the interest that had accrued.
“As the Law Society, we are also an interested party because if the Court did not say the accumulated interest should not be frozen, the Law Society has to benefit from that interest but, because of the order, we can not do anything,” said Makhoana.
She said the money is kept at the First National Bank and the bank should clear the air on what could have allegedly happened to the money.
She alleged that this is a criminal case and how Daisy Loo got access to its frozen bank account has to be investigated.

Sunday Standard tried to request an interview with the Chief Executive Officer of FNBB, Mr. Danny Zandamela, but he declined.

“I regret to advise you that I am unable to accept your request for an interview on the Daisy Loo saga because the matter is before the court of law.”
Makhoana said that she has planned to meet with Daisy Loo to discuss the matter.

The Public Relations Officer of the Directorate of Corruption and Economic Crime, Lentswe Motshoganetse, said, “I can neither confirm nor deny that we are investigating the case.”

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