In a Shocking Revelation, our sources have revealed that Nigel Chanakira spent a night in police Cells at Avondale Police Station Over NSSA Shares in 2002.
This was related to the secret profits that he made on the sale of Mr Daniel Shumba ‘s Econet shares for 4.25 while only declaring 2.00 to Mr Shumba.
NIGEL Chanakira was then forced to pay Mr Shumba an amount of $202 Million in an out of court settlement.
Kingdom Stockbrokers and Kingdom Nominees then took the 2006 Bhunu High Court ruling to the Supreme Court where they won in 2007.
The judge a accepted Kingdom Stockbrokers s version of events that there was no duty to disclose on the side of Kingdom Stock Brockers.
The Bhunu ruling was therefore set aside.
Our sources went on to further allege that Nigel Chanakira, although he was not a Director at NSSA, his relative Enos Chiura was the Board Chairman.
In conclusion, it is clear that NSSA continues to lose out due to bad deals and the purchase of overpriced assets.