Businessman’s property goes under the hammer

BULAWAYO businessman and medical doctor Tanius Mumbengegwi’s property risks being auctioned today after it was attached for outstanding debts.

CHIEF REPORTER

According to a notice by Hammer and Tongues Auctioneers, ZB Bank is the plaintiff in the case.

Mumbengegwi’s property to be auctioned includes a three-piece leather lounge suite, Samsung 42-inch television set, a decoder, Samsung subwoofer, Defy fridge, coffee table, Rowa TV, pool table, Sony Hi-fi and a Philips DVD player.

Scores of prominent people and residents recently had their properties attached by banks and the city council after defaulting on various payments.

Bulawayo showbiz personality Babongile Sikhonjwa saved his 42-inch LED TV and a PA system and speaker from being auctioned for rent arrears amounting to $1 200.

He reached an agreement to pay his overdue rentals with Knight Frank, the property managers for a residential flat he was renting in central Bulawayo.

Late last year, there was an outcry in the city  after the Sheriff of the High Court attached property worth millions of dollars belonging to 13 Bulawayo companies and seven businesspeople over failure to service loans owed to different financial institutions.

The move came at a time when there was concern over an increase in company litigations.

That saw the Affirmative Action Group appealing to the government to intervene on the issue of litigations saying the development was against the spirit of the revival of industries.

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