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Court orders NCB to close some Cash Plus accounts

Published:Thursday | January 17, 2008 | 4:36 PM

The Court of Appeal has ordered that only 17 of the 26 accounts linked to Cash Plus Limited at the National Commercial Bank (NCB) be closed.



The Supreme Court granted an injunction barring NCB from closing all 26 accounts.



NCB later filed an appeal seeking to set aside the injunction.



This morning, Court of Appeal ruled that only 17 of the companies accounts affiliated with Cash Plus should be closed, while the other nine in the Company’s name should remain open.



A hearing has been set for January 24 over the accounts.