LAZ SUSPENDS MAUREEN MWANAWASA’S LAW FIRM
Following court declaration that she is bankrupt
The Law Association of Zambia (LAZ) has suspended the law firm owned by former First Lady, Dr. Maureen Mwanawasa.
LAZ has also deregistered the law firm belonging to her late husband, and former President, Dr. Levy Patrick Mwanawasa.
Recently the former first lady was given a seven-day ultimatum in which to settle over K6 million debt owed to Finance Bank Zambia from a loan obtained in 2013.
And the bank requested the Lusaka High Court to issue a bankruptcy notice against Mrs. Mwanawasa for failing to pay the said amount.
In October 2018, Finance Bank sued Maureen, demanding payment of more than K6.7 million under a facility agreement dated March 14, 2013.
