Allied Bank Limited

Home Affairs minister Obert Mpofu has approached the High Court seeking to block the transfer of his three companies to the Deposit Protection Corporation (DPC) — the liquidator of his now-defunct Allied Bank Limited.
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The Deposit Protection Corporation is paying demonetisation proceeds to qualifying Zimbabwe Dollar account holders for banks under liquidation, as part of a demonetisation exercise to bring finality to issues of local currency holdings.…
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HARARE - Macro-economic Planning and Investment Promotion Minister Obert Mpofu, has been slapped with a $16 million lawsuit for failing to surrender immovable assets to the liquidator of his now defunct Allied Bank Limited.
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