He said when the repo men were breathing down his neck, he "eventually resorted to paying the lawyers R60000 to get rid of the legal fees.
"But the BMW is not going anywhere. It will always be here".
Absa's legal representatives Strauss Daly Inc first served Mboro with court summons to surrender the flashy car in October last year but, according to their court documents, which Sunday World has seen, he ignored the summons.
The court documents state: "The arrears amount owing by the defendant to the plaintiff under the agreement was R57901.59.
The defendant was indebted to the plaintiff under the agreement to the amount of R1437632.12, together with the interest thereon at the rate of 10.5% per annum from 23 November 2017, to date of payment, both dates inclusive.
"The defendant did not comply with the aforementioned letter in that he did not exercise his rights in terms of the letter and has not surrendered the vehicle to the plaintiff as contemplated in terms of the provisions of section 127 of the National Credit Act."
The bank also requested from the court that the contract between them and Mboro be terminated and that he must surrender the vehicle.
Absa spokeswoman Liezl Squier said they could not comment on the matter for legal reasons.
"We can therefore not publicly discuss the specific circumstances pertaining to Pastor Motsoeneng's finances," said Squire.
Mboro almost lost his flashy ride
Self-proclaimed rainmaker Paseka "Mboro" Motsoeneng had to perform real-life miracles to save his posh BMW i8 from being repossessed after failing to pay the bank instalments for three months.
Motsoeneng, who is the leader of the Incredible Happenings church in Katlehong, on the East Rand, was almost R60000 in arrears when Absa bank went to the South Gauteng High Court to apply for an order to grab the shiny wheels from him.
As repo men were looking for him to relieve him of the R1.5-million sports monster, Mboro moved swiftly to pay the outstanding money and continued to enjoy the doodle bug.
The controversial man of the cloth, who this week promised to end Cape Town's drought by praying for rain, confirmed that he was behind with his payments but insisted it was deliberate.
Mboro confidently told Sunday World that he did not pay Absa on purpose as the bank owed him R2-million.
The parties have been having running battles since April last year when Mboro claimed the bank unlawfully debited his account to the tune of more than R1-million.
Drama ensued when he went to the bank's head office in Joburg to demand a refund. The bank's security personnel almost clashed with his bevy of bodyguards when they were throwing him out of the premises.
"Absa owes me R2-million. I'm not broke. I know there are a lot of people who would love to hear that Mboro is broke but it is not the time," he said.
"I refused to pay Absa and ignored their communication because I have been requesting that they pay back my money first.
"Now the money is sitting at R2-million and they do not want to pay it. I have proof of communication with the bank; they have never resolved the issue."
He said when the repo men were breathing down his neck, he "eventually resorted to paying the lawyers R60000 to get rid of the legal fees.
"But the BMW is not going anywhere. It will always be here".
Absa's legal representatives Strauss Daly Inc first served Mboro with court summons to surrender the flashy car in October last year but, according to their court documents, which Sunday World has seen, he ignored the summons.
The court documents state: "The arrears amount owing by the defendant to the plaintiff under the agreement was R57901.59.
The defendant was indebted to the plaintiff under the agreement to the amount of R1437632.12, together with the interest thereon at the rate of 10.5% per annum from 23 November 2017, to date of payment, both dates inclusive.
"The defendant did not comply with the aforementioned letter in that he did not exercise his rights in terms of the letter and has not surrendered the vehicle to the plaintiff as contemplated in terms of the provisions of section 127 of the National Credit Act."
The bank also requested from the court that the contract between them and Mboro be terminated and that he must surrender the vehicle.
Absa spokeswoman Liezl Squier said they could not comment on the matter for legal reasons.
"We can therefore not publicly discuss the specific circumstances pertaining to Pastor Motsoeneng's finances," said Squire.