Concerns Mount Over Bank of Zambia's Handling of BONI Investment in Investrust Bank PLC
The article highlights concerns surrounding Bank of Zambia's treatment of BONI Investment in Investrust Bank PLC. BONI Global, led by investor Michael J.
Prest, acquired a significant stake in the bank in 2021. Despite seeking regulatory approval, Bank of Zambia did not recognize BONI as a shareholder, leading to a dispute over ownership rights.
The lack of transparency in the regulatory process has raised broader questions about investor protection and market confidence. The situation underscores the importance of clear rules and remedies for capital recovery in the banking sector.
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