How FNB Wiped-Off Now-DA Councillor Simon Lapping R125,000 Home Loan just for R400 Owed On His Credit Card & Overdraft

Simon-Lapping-Gauteng-Ekurhulani-Ward-17-520x400

By Pinky Khoabane (correction from Lapping. He wasn’t paid R35,000 but R3,500 for closing his credit card and overdraft facility. Does it matter that it is R35,000 & not R3,500? Lapping doesn’t object to the rest of the article. FNB bought Simon Lapping to keep quiet on FNB’s use of Non Authentic Early Debit Order (NAEDO) to “grab money” without an authorised debit order.

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DA’s Simon Lapping

DA Councillor in Ekurhuleni Ward 17, Simon Lapping, was in financial trouble some years ago. He was in arrears of R400 on an FNB Credit Card and Overdraft facility but he ended up with R3,500 paid to him by FNB just to close these two accounts. But that wasn’t all. He was later given a bond of R155,000 even though he had no job and no income and FNB paid R155,000 into his bond which had an outstanding amount of R125,000. He was then paid the balance of R30,000 in cash. Read his affidavit attached, which he has confirmed is authentic. 

Call it a legal route by which banks operate in trying to close a bad account as Spalling calls it today or a bribe to silence a disgruntled client, the bottom line is that now DA Councillor of Ward 17 in Ekurhuleni, Simon Lapping, had his bond account of R125,000 wiped-off First National Bank (FNB) books just so they could close his other smaller accounts, he says. In the process of getting him to close his measly accounts which he was in arrears of R400, they paid him R35,000.00 in cash. In an affidavit signed in 2015, Lapping details how in 2008 he went into financial difficulties and struggled to pay instalments on his credit card and overdraft facility that went into R400 in arrears.

“FNB employed a firm of debt collectors, I believe called BDM Attorneys to collect on the arrears on my account,” the affidavit reads. The collectors harassed him up to ten times a day just to get their R400.

The now DA Councillor sent an email to then CEO of FNB, Michael Jordaan, “threatening to obtain his personal details and to begin threatening him if the harassment from BDM did not stop.

“The same afternoon I received a call from Mr Jacque Cilliers, CEO of FNB Credit Card. He requested a meeting. I agreed to meet with him.

“I went through to Bank City in Johannesburg the following morning to meet with Mr Cilliers. There was (sic) about five people. Mr Cilliers, an Indian Lady (their “legal” person), Darryl (surname I cannot recall) and another person who was there briefly”.

In the meeting, Lapping detailed the harassment by FNB and that their use of Non Authentic Early Debit Order (NAEDO) to “grab money” without an authorised debit order was unacceptable. “Mr Cilliers response was. ‘I will give you R100 000 to go away’.”

The DA Councillor says in the affidavit that he explained he had a joint bond account which he had with his wife but that he was going through a divorce. He requested for a few days to think about the offer and in two days’ time, FNB contacted him to establish if he accepted the offer. He responded in the affirmative. He says his credit card and overdraft were cancelled and he was given R3,500.

It was agreed that the balance of the R100,000 would be paid up when his divorce went through. Some two or so years later, the divorce was finalised and he informed the bank of the developments. The financial institution began processes to ensure that a property he owned with his wife would be put in his name to the amount of R155,000.00. “As per divorce agreement I would get my ex-wife’s half share of a property we owned. FNB Homeloans began the process, which I might add they were completely out of their depth. I complained to Dawn Smith about the sheer incompetence….and he set up a new one point liaison for me,” the affidavit reads.

Lapping says part of the provisions made for this transaction were that he could not contact the FNB CEO and the transaction could not be reflected on ITC. In addition, FNB would pay for the transfer fees. “Around September 2011, the property was transferred into my name with a new bond of R155,000 (quite good for someone with no job, income etc). My outstanding balance was about R125,000. A month later in the beginning of October, I paid R2800 into this bond, the only payment I ever made. A few days later, a mysterious amount of R150,000 was paid into my bond therefore leaving me with a credit of approximately R30,000,” the DA councillor continues in his affidavit.

He says he enquired from the bank where the “mysterious” amount came from and the bank confirmed it was made by FNB Credit Card. The R30,000 was made directly to him thereafter, he adds.

In an interview I conducted with Lapping, he says his case was one of several legitimate means by which banks close accounts. Banks close accounts due to bad behaviour (bouncing cheques, inability to service accounts, etc), fraudulent activity on the account, or if someone wants to buy for development, a property which is still owed.  He confirmed the authenticity of the affidavit which he claims to have made to assist another aggrieved FNB client, Nico Niemand.

The tone of the affidavit is quite different from Lapping’s tone in the interview today, where he suggested this transaction was above board.

Attached is the Affidavit. FNB Bribe

 

 

 

16 Comments on "How FNB Wiped-Off Now-DA Councillor Simon Lapping R125,000 Home Loan just for R400 Owed On His Credit Card & Overdraft"

  1. Jeff Koorbanally | October 6, 2017 at 3:47 pm | Reply

    Not sure if I should say:
    amazing! Or appalling!

    Let’s put this into correct perspective.

    A white man going through trauma of a divorce.

    He gives up on himself! Resulting him falling into arrears with his accounts.

    When the bank approach him for payment he tell his traumatic story to the bank.
    The banks is so touched by his story they decide to intervene( help him out)

    This man had an immovable asset with the value of over a million.

    How do I know that? by the transfer cost indicated to transfer the wife`s 50% share.

    Now let me touch on one matter involving a black woman going thru a financial crisis, and her bond account in arrears, as a result of being terminal illness ( Cancer level 4)

    This black woman had life cover on the bonds account, issued by the same bank and also ceded to the same black. Policy was paid and kept up to date by her kids.

    The bank terrorizes this woman for the arrears, the bank put the property for foreclosure, we present plea to the bank, to stay the auction as this women dying, we supported the plea with specialist report which had given her a life expectancy of 6 months to die!

    The bank makes an urgent sequestration order, house goes on auction, women dies.
    Bank took the proceed of the sale & proceed of the policy ceded to them!

    That bank was standard bank s.a.

    So where does the sympathetic gesture go when it comes to black people?

    Compare the two and decide which one deserved sympathy? Then when we say Banks rip black people in every way they can we are accused of being racist! It is about race in which the banks act.

    • Jeff I stand to be corrected by you and sis Pinky but my reading of this is that Jacques Colliers was spooked by Simon Lapping contacting CEO as well as the NAEDO debit order query from Simon that HE WANTED TO PAY HIM TO “GO AWAY”

      I’m still curious if I’m correct as to why he was spooked

      • Pinky Khoabane | October 6, 2017 at 4:53 pm | Reply

        Kobedi, Simon Lapping was in arrears for R400 but he knew that FNB was in violation of Constitution by debiting unauthorised debits. So he approached him and they offered to wipe-off all his debt.
        The irony is that the same bank, despite knowledge that blacks are being cheated on interest rates, does nothing there.
        Call me a conspiracy theorist, but do you think there’s a link to this man who had nothing suddenly becoming a DA Councillor?

      • Jeff Koorbanally | October 8, 2017 at 9:04 am | Reply

        Kobedi i have spooked banks on violations & iregularities like no other!

        They have never offered me a cent to disappear, but choose to take matter to litigation, which causes frustrations,time & money. Or simply rectify the error and blame it on human error & that human suddenly or conviniently becomes a person of color. This is a standard strategy that WMC entities use, when they caught they simply blame it on a black employee.

        • Jeff Koorbanally | October 8, 2017 at 9:23 am | Reply

          In essence fighting a bank thru litigation is a loosing battle! Especially if the color of your skin is not white!

          They use the money power they have to drive you bankrupt with endless postponement.

          And sadly to say, they collude with all major law firms, court registrars, and sheriffs, to obtain default judgements & relevant court orders.

        • True, I see you point

  2. This is shockingly a tip of the iceberg Sis Pinky.

    Yooo!!! You uncovered one of the biggest bank scandals ever.

  3. Shocking indeed!!! And Jeff, that standardbank case is appalling to say the least. This is pure rotten racism yet plenty of our black people support and would die for wmc.

  4. It’s not just the banks that are unfair toward non-whites.
    If you take any financial sector (insurance, investment companies etc), non-whites get the short end of the stick.
    Bail outs of sympathy have always been a “white” benefit.

  5. Simon Lapping must resign as DA Councillor.

  6. This happens EVERYWHERE!? Like lecturers being sympathetic to a white student when their dog dies and they get to submit an assignment later, while a black student must submit on time despite having lost a family member.

    • Tamsin very true indeed and funny also.

      I remember how Black Security guards would send us Black Students back home for not producing Student cards and let white students through but thats way back. Not sure if it still happens.

  7. Jeff Koorbanally | October 8, 2017 at 9:31 am | Reply

    All black people must stand together in totally unity,to demand changes in the banking sector!

    That’s the only option to the solution!

  8. Jeff Koorbanally | October 10, 2017 at 9:41 am | Reply

    I have “shocking revelation” to make on FNB!

    I will do this once I receive the response from the banking association committee (BASA)

    I have referred the matter to the Bank of Settlement (BIS) Switzerland as part of the probe into the corrupt activities of reserve bank (SARB)

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