The Johannesburg High Court has granted Standard Bank a court order to repossess former Kaizer Chiefs defender Mulomowandau Mathoho’s VW Polo sedan.
Mathoho failed to surrender the vehicle to Standard Bank even though he was failing to keep up with his monthly instalments.The bank went to court last year to seek relief after the lanky footie dribbled it with payment.
After studying the matter, the court registrar issued a warrant for delivery of goods to the
deputy sheriff about two weeks ago.
In the application for an order to repossess the vehicle, Standard Bank said that on or about February 6, 2019, Mathoho received a loan of more than R250 000 to buy the car.
The total cost of the agreement, including interest, costs, and charges, was R380 000.
The former Bafana Bafana defender was supposed to pay more than R5 000 in monthly instalments, with the final payment to be effected on the first of this month.
They agreed, according to the application, that the bank would remain the owner of the vehicle until Mathoho had repaid the bank all amounts owed, whereupon ownership would be transferred to him.
The bank said Mathoho failed to make payments of amounts payable under the agreement.
