Njilo”/>A few weeks after his traditional wedding to the reality celebrity, Nzuzo Njilo became a topic of conversation when it was reported that he had gone bankrupt after being charged with fraud. The business magnate was rumored to owe Lund industries R1 million that he could not repay. As debt collectors knock on Njilo’s door in an attempt to recover the money he owes them, the prognosis is not favorable.
Nzuzo Njilo fraud allegations

 

 

      Nzuzo Njilo is accused of defrauding Lund industries of R978,104. Just prior to his secret marriage to video actress Faith Nketsi. The corporation had agreed to purchase copper concentrate from the businessman, but Njilo did not uphold his end of the bargain. The other company had previously paid a portion of the transaction’s entire price as a down payment. The billionaire began rejecting Lund industries’ attempts to engage with him, causing social media to spread the news.

Faith Nketsi and Nzuzo Njilo at their expensive weddingFaith Nketsi and Nzuzo Njilo at their expensive wedding-Image Source(Instagram/Faith Nketsi)
Faith drops the Njilo surname.

After the initial story broke, Faith, who had previously put the Njilo name to her bio, erased it. There were rumors that she left Nzuzo after he lost his job. Fans were stunned by this news because the Njilo family is notoriously wealthy. In May of 2022, Nzuzo was believed to be worth approximately R240 million.
Faith Nketsi and Nzuzo Njilo’s fraud

A few days ago, the couple was once again trending when word spread that they had given birth to their first child. Following the birth of their child, Nzuzo’s popularity has began to rise again, despite the fact that he has not yet repaid his obligation. Bazuka Attorneys, who represent Lund Industries, were granted authorization to seize and auction Njilo’s possessions to satisfy his obligation.

Faith Nketsi’s rented car present-Faith Nketsi’s rented car present-Image Source(Instagram/Faith Nketsi)

When they knocked on Nzuzo’s door, he reportedly pleaded poverty. The sheriff was able to recover R35,000 worth of property, including beds, televisions, and couches. The cars they display on social media are reportedly hired from a Sandton car shop and are not theirs.

According to reports, Nzuzo Njilo informed the court sheriff that he did not own many properties. The majority of the items in his home did not belong to him. However, he requested the sheriff if he could make the payment this coming week in order to save the adjoining property. After retrieving only a small fraction of what was owing to Lund industries, the debt collectors departed in dismay.