Mozambique: Nacala port handles record volume of cargo in 2023 after upgrade
File photo: Notícias
The Confederation of Economic Associations (CTA) of Mozambique will appeal against a court decision ordering the seizure of the organisation’s headquarters and bank accounts, the organisation’s president, Agostinho Vuma, said on Thursday.
A source from Construtora do Mondego told Lusa that the Maputo City Court had accepted a request from the company to have the CTA’s headquarters building and accounts held at four banks seized, following a debt related to two construction contracts.
“This case is going to appeal.
(…) It’s normal to have an attachment. It means that we will be notified [by the court] in due course,” said Agostinho Vuma, president of CTA, speaking to journalists following media reports about the court order.
“We, with our management, will not allow the payment of 25 million meticais [€366,488, which is almost the amount set by the court], while the contracts point to 12 million meticais [€175,914],” said Vuma.
The CTA president said that the organisation is not worried about the attachment order, maintaining that if the court decision goes ahead, “the solution will be swift”.
“We’re not worried about this whole situation. We just think that a better solution could have been found,” he emphasised.
A source at Construtora do Mondego told Lusa that the company had filed an enforcement action which resulted in the Maputo City Court ordering the seizure of the CTA headquarters building and accounts held at four banks.
The source said that the attachment is aimed at paying a debt of 24.5 million meticais (€359,158) that CTA owes as a result of construction work on the “Casa de Empresários” building in Inhambane province, southern Mozambique, under two contracts that the two parties signed in 2017.
The amount includes the cost of the work and interest on arrears for failure to meet payment deadlines.
Construtora do Mondego demanded payment of 40.1 million meticais (€587,976), but the court set the debt at €359,158.
READ: Mozambique: Court blocks CTA bank accounts – AIM report
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.