FNB says why it froze Jacob Zuma’s account
Court order granted to VBS Mutual Bank liquidators ‘instructed’ FNB to place a hold on outgoing payments
20 March 2024 - 13:51
FNB says it did not freeze Jacob Zuma’s account of its own accord, but merely followed a court order obtained by the liquidators of defunct VBS Mutual Bank, who are trying to recoup money owed to it by the former head of state.
“FNB was instructed by the high court to place a hold on outgoing payments from former president Zuma’s FNB accounts. The accounts are not closed as incoming payments are unaffected,” FNB said in a statement...
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