A loan dispute between Agribank and presidential adviser Christine Hoebes remains before the High Court after the bank sought legal action over alleged outstanding livestock loan repayments issued in 2015.
According to court records, the matter stems from two agricultural loans granted to Hoebes under a concessional financing scheme. Agribank alleges the loans fell into arrears and initiated proceedings to recover the outstanding amounts after issuing formal demands.
The bank’s submissions show that the livestock purchased under the facility was pledged as security, and the agreements allowed Agribank to call up the full balance in the event of default. Certificates confirming the amounts owed were signed by the bank’s chief financial officer.
Hoebes indicated an intention to defend the claim, and the matter later shifted towards settlement. Both sides informed the court earlier that they had agreed to resolve the case, however the final settlement agreement has yet to be signed.
In recent filings, Agribank noted that it forwarded a draft settlement to Hoebes’ legal team in October and submitted follow-up correspondence but has not received a signed response. The bank requested additional time to finalise the paperwork and warned that it may apply for summary judgment should the settlement not be concluded.
Hoebes’ representatives confirmed agreement in principle and said their client raised minor points for amendment, instructing her lawyers to engage Agribank on the changes.
