Bailiffs pounce on ZANACO Head office

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Bailiffs on Tuesday seized moveable assets at the Zambia National Commercial Bank -ZANACO Head office.

The bailiffs were auctioning a claim on the Bank based on a legacy court case where judgement was passed by the Supreme Court against Zanaco.

ZANACO Head of Corporate Affairs Joy Sata says a stay of execution of judgement has been obtained pending assessment of claim.

Ms. Sata says the bank has since informed its customers the general public that the Bank is operating normally.

She stressed that ZANACO cannot make further comments on the matter as it is currently before court.

This is contained in statement made available to ZNBC News on Tuesday evening.

ZNBC

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