Sunday, December 3, 2023

Prospective client takes CEDA to court

The Citizen Entrepreneurial Development Agency (CEDA) is facing accusations of dishonesty after it allegedly withdrew from a binding agreement with one of its clients, court papers show.

Lesthomodi Holdings has dragged CEDA before Lobatse High Court Judge Justice Jenifer Dube questioning its decision to allegedly backtrack on an agreement to not sell its property by auction to recoup money owed by the company to CEDA.

Chronicling the events that led to the current legal dispute, Lesthomodi stated in papers before the High Court that it obtained a loan to complete warehouses in Maun which was mortgaged to CEDA. According to the papers, the company fell into arrears “reason being the onset of Covid 19”  and representatives of the company “went to meet with the functionary “ of CEDA “on the issue followed  by correspondence between the parties.”

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