Yama Securities payment case returns

The K17 million damage payment case of Yama Securities Limited is expected to return to the Supreme Court tomorrow(Monday) for directions.

Damage payment to Yama Securities Limited by NCDC was stayed on April 20 after lawyers agreed to stay the K17 million payments until June 30, pending NCDC’s appeal against the decision of the National Court.  

NCDC is appealing this decision on 10 grounds. It is seeking orders from the Supreme Court to have the National Court’s decision of March 2 be quashed.

On March 2 this year, the National Court awarded damages plus interest to the sum of K17, 817,510 to Yama Securities after the National Capital District breached a contract it had with the security firm.


Sally Pokiton