Published: 03 December 2018

ECONET Wireless (Pvt) Ltd has petitioned the court seeking an order to compel a Victoria Falls resident, Lwiza Ngwenya to settle a $235 870 debt.

According to court papers, Ngwenya is said to have signed an acknowledgement of debt on April 16, 2018, but since then failed to make good the debt, prompting the mobile network service provider to approach the court for recourse.

The court papers, however, do not make clear the nature of the business deal between Econet and Ngwenya whose address is provided as 2830 Chinotimba Township, Victoria Falls.

"On April 16, 2018 the defendant (Ngwenya) executed an acknowledgement of debt in favour of plaintiff (Econet). The material terms of the acknowledgement of debt are; that the defendant is indebted to the plaintiff in the amount of $219 640, 42. The above amount shall accrue interest at the prime overdraft rate charged by Steward Bank," Econet Wireless said.

"The defendant is in breach of the acknowledgment of debt in that he has failed to pay the above amount within two months from April 16, 2018."

The matter is pending.
- newsday

You might also want to read this

• Econet continues to lead Zimbabwe mobile telco space
• Econet subscribers complain about nuisance texts
• Econet foresees brighter future for Zimbabwe
• Econet swings to $106,4m loss after tax
• Econet data bundle price hike largely expected
• 'The future of industry is digital'
• Econet showcases smart, cutting-edge products
• Econet unit launches instant loan platform
• Shareholders approve Cassava demerger, separate listing
• Econet share price tanks