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NBFIRA Intervenes in BOPEU’s Controversial Insurance Deductions

Members want to be refunded illegal deductions

mm by Staff Writer
March 16, 2023
in News
Reading Time: 1 min read
0
Safeguarding Botswana’s financial stability

CEO of NBFIRA, Oduetse Motshidisi

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Members of Botswana Public Employees Union (BOPEU) may cancel their insurance policies if the Non-Banking Financial Institutions Regulatory Authority (NBFIRA) succeeds in halting illegal deductions for premiums by the union’s investment arm, Babereki Investments.

According to Oarabile Magwaza of the insurance section of NBFIRA, the intervention may result in members making new logistics of processing their premiums.

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Tags: Babereki InvestmentsBOPEUNBFIRA

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