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Metbank wins $8m lawsuit

“Metbank will continue to engage with all the relevant funding partners in raising long-term capital to support the country's economic development aspirations,”

THE High Court granted Metbank an order to be paid $8 million by a defaulting borrower, Sobriety Investments (Private) Limited, yesterday.  The local company that is into import buying was awarded a trade based working capital worth US$1,4 million by Metbank in June 2018 which their directors, Itai Nyabonda and Linda Tsungai Chivandire, signed for…

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