Cameroonian tycoon accuses FNB of lying to liquidate his business
By Manyane Manyane | Published Jan 17, 2023
Baba Danpullo said the decision was not justifiable. His properties, valued at R4 billion, were seized and liquidated in 2020. The FNB decision came after Baba Danpullo contracted a loan of about R520 million from FNB to purchase 1 Thibault building in Cape Town in 2017, with a repayment of R10 million a month to be spread over 10 years, with interest.