Supreme Court removes Khato, NBM, NBS Bank from case FND told to sue either President, Parliament or Minister of Finance The Supreme Court in Blantyre on Tuesday ordered that the case surrounding loan authorisation by Parliament to the Malawi Government for construction of Salima-Lilongwe Water Project be filed and continued at the High Court Civil
The Supreme Court in Blantyre has this morning ruled that the case in which Forum for National Development (FND) stopped two commercial banks from extending loa
National Bank of Malawi (NBM) plc and NBS Bank plc have asked the court to remove them as defendants in a case where the K105 billion financing for the Salima-Lilongwe Water Project has stirred controversy. Parliament approved the two local commercial banks to collectively extend the loan to Khato Civils, but Forum for National Development