KATOTOBWES BOUGHT ULTIMATE INSURANCE, WITNESS TELLS HIGH COURT

A witness has testified in the Lusaka High Court that Ultimate Insurance Company was bought by Mr Chanda Katotobwe and his wife, Felicitous Kabwe Chibamba.

Mr Justin Phiri, in the photo, testified Tuesday afternoon before Judge Kazembe Chenda that as owners of the company they sold Ultimate Insurance Ltd to the Katotobwes who paid the full purchase price of K1.5m.

He said this payment was made to Klein Syampongo, Justin Phiri and Maybin Silavwe as former owners and shareholders….(read more)

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