• Breaking News – TOURISM MINISTRY PRINCIPAL SECRETARY KHANGEZIWE MABUZA:I am not resigning,ngatsi ngigejwe nayi-reshuffle.
Swaziland News Logo

State Intelligence fails to prove Nosisi Construction was paid millions by Chinese Government to fund political unrest, court orders Nedbank to unfreeze bank accounts.

Sunday, 24th March, 2024

MBABANE: The eSwatini Government propaganda suggesting that, the Chinese Government deposited millions into the bank account of Nosisi Construction backfired in court after the Intelligence Unit failed to prove the allegations.

This comes amid the Government and Taiwan continued propaganda to accuse China of plotting and funding a political unrest to influence regime-change in eSwatini.

The Directors of Nosisi Investments recently told this Swaziland News that, they received part of the R10million fencing loans on behalf of their clients being Tindvuna TeTiNkhundla, the loans were approved by Government through the Treasury Department.

But the State Intelligence Unit, without conducting an investigation, rushed to obtain a court order alleging that the monies came from China to fund a political unrest.

Nosisi Directors subsequently filed court papers proving that, the money was paid by Government, it could not be ascertained how the State Intelligence concluded that the monies were from China without a proper investigation.

On Wednesday, the court reversed a previous interim order freezing Nosisi bank accounts.

“The interim court order that was issued by this Honorable Court on the 11th March 2024 restraining the 1st and 2nd Applicant from transacting in Nedbank account number 11990147541 is hereby discharged. That Nedbank Eswatini Limited(the second Applicant) is ordered and directed to unfreeze the bank accounts of the Applicants forthwith”, reads the court order in part.



State Intelligence fails to prove Nosisi Construction was paid millions by Chinese Government to fund political unrest, court orders Nedbank to unfreeze bank accounts.
Nedbank Managing Director Fikile Nkosi.