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*Ex-ZANU PF Youth Leader Risks Losing Property Over Debt* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qh Former Zanu PF Youth Secretary Kudzanai Chipanga is reported to be at risk of losing his property if he fails to settle a US$40,094 debt acquired in 2012 with the Agricultural Bank of Zimbabwe (Agribank). Chipanga is argued to have received a loan from the financial institution seven years ago but has since forfeited from fulfilling the terms and conditions of the loan. The bank has approached the court seeking to recover its money. It said: > In December 2012, at Harare, the plaintiff (Agribank) and defendant (Chipanga) entered into an agreement in terms of which the plaintiff granted a loan of US$30,000 to the defendant under the Maize Facility Scheme and was supposed to be fully paid on or before October 31, 2013. > The defendant failed or neglected to pay the amount owing as per the due dates for repayment in the respective loan facility agreement. Defendant tendered property as security for US$42,000 over movable property. Property belongs to the defendant; plaintiff prays that the property be specially executable. The matter is still pending. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Chipanga is one of the ZANU PF big wigs who fell by the way following the demise of former president Robert Mugabe in 2017. More: iHarare _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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