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Namibia: N$140m SME bank fraud: Kamushinda’s Windhoek properties up for auction – News

Namibia: N0m SME bank fraud: Kamushinda’s Windhoek properties up for auction – News

Africa Links 24 with Eliaser Ndeyanale
Published on 2025-03-12 17:00:00

Three Windhoek properties linked to a Zimbabwean banker and former minority shareholder in the liquidated Namibian Small and Medium Enterprises (SME) Bank, Enock Kamushinda, will be auctioned tomorrow.

This comes after he failed to pay back N$140 million stolen from the now defunct bank.

The auction was confirmed by lawyer Corlia Maritz who represented the SME Bank liquidators Bruni and McLaren.

In January 2021, the liquidators reached a settlement agreement with Kamushinda,…

Read the Full article on The Namibian

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