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Post Bank refutes social media claims

Nthatuoa Koeshe

THE Lesotho Post Bank has refuted claims circulating on social media that the financial institution recently offered the First Lady ‘Maesaiah Thabane M3 million interest free loan.

On the 20th of this month a locally run Facebook page alleged in a post that Ms Thabane had been offered an interest free loan. The post also alleged that the bank had agreed to settle the First Lady’s M100 000 debt with a local hotel.

The post alleged that the hotel debt was accrued by the First Lady’s Maesaiah Thabane Trust Fund.

Post Bank managing director Molefi Leqhaoe last week refuted the allegations and said the bank has never offered any loan to the First Lady.

He said the bank would never offer interest free loans to anyone as that was against the bank’s code of conduct.

“Like other banks, we operate by a code of conduct that we get from the Central Bank of Lesotho and that means that the Lesotho Post Bank will serve its clients accordingly without breaking any of the laws in that code of conduct,” Mr Leqhaoe said.

He said although Lesotho Post Bank is a government owned entity, the funds it handles belong to Basotho and they have to be handled with care.

“Just because the government owns the bank it does not mean we will not abide by the rules of how banks operate and start giving money without following the right procedures,” Mr Leqhaoe said.

Mr Leqhaoe further noted that the bank has strict rules against the revelation of clients’ information to the public and any employee found to be doing that would be severely punished.

He also rubbished reports from the social media post which alleged that he did not answer his phone when contacted for comment. He said the bank responded to the Facebook post but its comments were immediately deleted.

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