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Molome sues BOPEU for P25m

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Molome sues BOPEU for P25m
Botswana Public Employees Union (BOPEU) commercial wing Babereki Investments (Pty) Ltd is embroiled in yet another multi-million pula tussle with its erstwhile star errands boy Ernest Molome and his company Mamataz Enterprises (Pty) Ltd. What started off as a writ of summons filed in court on 11 January 2018 by Babereki to recover over P11 million "erroneously/ fraudulently" paid to Molome's company as commission between September and November 2016, has triggered a counterclaim from the latter demanding payment of over P25 million. Babereki Investments – a 100% subsidiary of BOPEU – represented by its then Executive Chairman Andrew Motsamai, had in September 2016 entered into an agreement with Molome – through his company Mamataz – to raise capital for the union's commercial wing. The funds raised were to be used for growing the micro lending and asset management businesses of BOPEU, held under the Babereki conglomerate. In the contract signed by Motsamai and Molome the parties agreed that a three (3) per cent facilitation fee of the capital raised shall be paid by Babereki Investments. As part of the deal Mamataz was also given a mandate to manage the relationship between Babereki and the identified investor, among numerous other deliverables.…

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