Chairman Finance Bank Zambia Demands K1 Billion from Simataa for Violating the Contract

Chairman Finance Bank Zambia, Dr. Rajan Mahtani, has sued Simataa Simataa, the proprietor of Mutendere football stars, for violating the contract and is now demanding K1 billion.

Simataa is an ex-employee of the Finance Bank Zambia Limited (FBZ). He left the job in 2007 and undertook in writing that he will stop issuing statements that is injurious to harm the commercial bank or and its employees and owners. In exchange of this, he contracted to receive K1 billion and was even paid so.

But as per the letter of demand seen by the reliable sources, it has been found out that Simataa continuously ignored the contract by voluntarily offering himself as a witness in the court of law against the bank. He has even issued statements, which are adverse to Finance Bank’s interest. The Finance Bank Zambia has thus decided that since Simataa has violated the agreement from his end, it’s in order that pays back K1 billion along with the interest.

Last week, the FAZ (Football Association of Zambia) even slapped a life ban of Simataa Simataa. He was charged by the Football Association of Zambia for expressing negative remarks against the National Soccer governing body in a Radio Phoenix program, ‘Let the People Talk.’ This ban means Simataa will never be able to get involved in any football business.

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