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Court orders K753 millioncompensation for ex-OIBM staff

The Industrial Relations Court (IRC) has ordered the now-defunct Opportunity International Bank of Malawi (OIBM) Limited, now part of First Capital Bank, to pay K753 million to 117 workers who were retrenched in 2016. This follows a decision by High Court of Malawi judge Thomson Ligowe on April 12 2023. He found the bank guilty ....

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Court orders supplier to pay CMST K4.5bn | The Nation Online

Malawi Supreme Court of Appeal has ordered SADM Pharmaceuticals to pay back a $4.3 million (about K4.5 billion) penalty to Central Medical Stores Trust (CMST) for late settlement of a $340 000 (about K340 million) debt. In its judgement delivered in Lilongwe yesterday, the nine-judge Supreme Court panel further ordered SADM Pharmaceuticals to honour the ....

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