‘MAJOR V’ NO LONGER FIGHTING REVERSAL OF E900 000 DEPOSIT

MBABANE – Prophet Vusumuzi ‘Major V’ Dlamini  is no longer  opposing the application by Swaziland Building Society  to  reverse the sum of E900 000 that was ‘mysteriously’ deposited into his account.

This means that the interim order authorising the bank to keep the money is now final. The matter was due for argument yesterday when lawyers representing the clergyman informed Judge Mzwandile Fakudze that he was no longer opposing the application. When the prophet was first asked about the source of the money, he allegedly told the bank officials that it was deposited by his wife, but later changed the story to say it was deposited by a drug dealer he did not know. In her papers, the Managing Director of the bank, Mbali Sibanyoni, told the court that the prophet dismally failed to produce any evidence which demonstrated that the money belonged to him.

Fraudulent

“The sum of E900 000 was a product of a fraudulent act done by the bank’s employee, one Ndumiso Khumalo, who unlawfully transferred the said funds to Dlamini’s account  on February 3, 2022. Therefore, these monies having been unlawfully appropriated by Khumalo for the benefit of Dlamini, the bank is entitled to reverse the transaction,” contended the managing director. Sibanyoni argued that the sum of E900 000 which landed into Dlamini’s account was as a result of a criminal act done by Khumalo. She told the court that Dlamini could not seek to claim same as a gift.

According to Sibanyoni, when the bank approached the High Court on February 18, 2022, to seek the interdict, it relied on an error suspected on its system. It was her contention that this reliance on the error at the time was justified.  She narrated to the court that Dlamini had deposited E500 on February 2, 2022, however, the general ledger showed a debit of E500 and a credit of E900 500, which was unusual in the banking industry. Sibanyoni said besides the above, Dlamini’s  statement, instead of showing a credit of E500  to his benefit, reflected a cash deposit of E900 500 (with the narration ‘Cash Deposit Self’) when the only cash deposit which was present on that day was for E500.

She went on to submit that the bank had engaged an intellect who advised it on February 7, 2022, that there was nothing wrong with its banking application. The MD highlighted to the court that preliminary investigations by the intellect viewed this transaction as a systems error because of the abnormality of same. This, according to Sibanyoni, was because as per the system records, the customer made a deposit of E500 made up of one E200 note, four E50 notes and five E20 notes. She brought it to the attention of the court that, the general ledger entries when viewed, showed a mismatch in the sense that they showed a debit entry of E500 and a credit of E900 500. Appearing for the bank is Kenneth Motsa of Robison Bertram while for the clergyman is Ntobeko Piliso.

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