FNB clarified that the account is not closed because deposits and incoming payments can be made and are unconcerned.
stated that it treats all customers objectively and consistently and declined to comment further on any client’s specific bank accounts due to client confidentiality.
“FNB was instructed by the High Court to place a hold on outgoing payments from President Zuma’s FNB account.“This instruction from the court results from the process currently being managed by the VBS Bank liquidators, and FNB was legally required to comply. President Zuma’s recourse now lies with the courts and VBS liquidators,” the bank said.on 17 March reported that Zuma’s FNB bank account was allegedly the account in which a R7.8 million VBS loan was deposited.
Furthermore, lawyers of VBS curator Anoosh Rooplal ordered Zuma to pay at least R250 000 in repayments on this loan. They threatened to attach his Nkandla compound if he failed to comply. In 2022 Rooplal had confirmed the bank received a default judgment against Zuma. This was subsequent to his negligence in keeping up with monthly repayments of R70 000.At the time VBS had sought an execution order to sell the property and recover the money due. However, ownership of the solid ground where Nkandla stands belonged to Ingonyama Trust, thus preventing loan’s attachment to the property.
“Only the most gullible among us think that the banks are impartial referees in the game of politics,” said former Pan Africanist Congress leader Letlapa Mphahlele.WATCH: Zuma’s bid to force removal of arms deal corruption prosecutor Downer dismissed‘Heroes can become villains’ – Mbalula on MK party after day at Electoral Court
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