CBZ sues MDC president over $100k debt

MDC president Welshman Ncube has been taken to court by CBZ Bank, which is seeking an order compelling him to settle an over $100 000 loan advanced to him in January 2010.

The bank issued summons against Ncube on May 22, 2018 through its lawyers Costa and Madzonga Legal Practitioners and Ncube is yet to file his response.

In its declaration CBZ said in terms of a written agreement concluded between the parties, it loaned and advanced $50 000 to Ncube, but despite his continued acknowledgement of the debt, “he has failed to repay the cash together with interest.

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