Dar es Salaam. The Bank of Tanzania (BoT) and the NMB Bank are at risk of losing their right to defend themselves in a lawsuit filed by shareholders of Yetu Microfinance Bank (YMB), after failing to submit their written statements of defence (WSD) within the legally required timeframe.
The civil case, number 24650 of 2025, was filed by the Youth Self Employment Foundation (Yosefo), a major shareholder in YMB, through its registered trustees, Cornelius Kasiya Kariwa and Altemius Ambros Milinga.
