The South African First Lady has been flagging over time, millions of naira in her account. This has been beyond explanations as Thobeka Zuma couldn’t answer when she was asked by ABSA. The bank however has threatened to close down all accounts in her name or otherwise
It said the bank’s move comes a year after it ended business relations with Zuma’s son Duduzane. It follows the major banks taking a firm stance against commercial entities linked to the Gupta family‚ in spite of pleas by cabinet ministers close to Zuma.
Last year it emerged that the banks had closed all the business accounts of Gupta-owned companies; leaked e-mails also show that around the same time Absa closed both Duduzane transactional accounts.
It is not clear whether the action against Madiba-Zuma is linked to the Gupta-related controversy with the banks‚ the newspaper said.
Sources said the bank wanted her to explain large sums of money in her account