Judge orders Metbank to pay back $20m to NSSA, slams bank’s ‘humpty dumpty’ legal defence

Metbank has been ordered to pay back $20 million worth of Treasury Bills to the National Social Security Authority (NSSA), after a judge said the bank’s court bid to keep the TBs had come “tumbling down in humpty-dumpty fashion”.

The case around the TBs forms part of the separate case in which Prisca Mupfumira, the former Labour Minister, is being charged for abuse of office.

In a judgement reached in June but only recently made available, High Court judge Nicholas Mathonsi ordered Metbank to return to the three TBs it had been holding as security.

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