FORMER BANK FOUNDER ORDERED TO REPAY $1M

Former NMB Bank founder Mr Julius Makoni started his
banking business with the intention to harvest money from the financial
institution for himself, the High Court ruled in a case in which the banker was
refusing to settle more than $1.1 million adv…

Former NMB Bank founder Mr Julius Makoni started his banking business with the intention to harvest money from the financial institution for himself, the High Court ruled in a case in which the banker was refusing to settle more than $1.1 million advanced to one of his Trusts. Justice Happias Zhou made the remarks in the judgment forcing the banker to settle his debt with his former bank to