Africa Links 24 with Werner Menges
Published on 2025-02-06 17:00:00
The Bank of Namibia has lost a Supreme Court appeal about a senior bank official’s decision to block the bank accounts of six close corporations doing business in northern Namibia.
Only the central bank’s board of directors and governor have the power to instruct a bank to block accounts under investigation for alleged violations of the Currency and Exchanges Act of 1933 and the Exchange Control Regulations of 1961, the Supreme Court found in a judgement delivered on Friday last…
Read the Full article on The Namibian
