MBABANE:Standard Bank Eswatini has secured a court order to sell by public auction, former Nkilongo Member of Parliament(MP) Timothy Myeni’s Madonsa multimillion mansion.
According to court papers, “the mansion will be sold on the 2nd May 2025 for about R7million and the reserve price is six million, six hundred and fifty thousand Rands(R6,650,000.00)”.
Reached for comments by this Swaziland News on Saturday evening, the former MP confirmed that, the house will be sold by Standard Bank Eswatini after he failed to service his loan.
“It’s true but let me clarify that,I built the Madonsa House cash and then used the property as a collateral for a Standard Bank loan when buying a farm. But now there’s no business in eSwatini, people are broke and everyone is financially struggling and, that’s why I’m now struggling to service the loan, said the former MP, a leader of Ncandweni Christ Ambassadors.
Standard Bank Eswatini has secured a court order to sell former Nkilongo Member of Parliament(MP) Timothy Myeni’s Madonsa multimillion mansion by public auction(pic: Facebook).