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Breaking: Bank of Mozambique sacks the liquidation commission of Nosso Banco
1:39 CAT | 24 May 2018
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The Bank of Mozambique announced today, in a statement, the dismissal of the liquidation committee of O Nosso Banco, an institution that in 2016 was prevented from continuing the activity.
“As a result of the breach of the obligations arising from the law …, the Bank of Mozambique announces the dismissal of the liquidation commission,” the central bank said.
The statement gives no further details.
Lusa sought clarification from the central bank’s management and its communications services, but no one gave further information.
The document recalls that the Bank of Mozambique ordered the liquidation of O Nosso Banco, held by the National Institute of Social Security, on November 11, 2016, and appointed the director of Deloitte & Touche (Mozambique) as chairman of the liquidation commission.
At the time, the central bank said that “it was not possible to recover the financial and prudential deficit” of the institution, unable to comply with a restructuring plan outlined in 2014, “endangering the interests of depositors and other creditors, as well as the normal functioning of the banking system “.
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Director of Deloitte & Touche (Mozambique) heads up liquidation committee of Nosso Banco
Source: Lusa
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