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Namibia: Ndapuka fights to rescue buses worth N$5,1 million from bank – News

Namibia: Ndapuka fights to rescue buses worth N,1 million from bank – News

Africa Links 24 with Timo Shihepo
Published on 2024-07-28 06:00:00

Transport businessman Silas Ndapuka (78) is locked in a legal battle with Standard Bank over the repossession of four buses from his fleet, valued at N$5,1 million.

Ndapuka’s buses are widely used as a mode of transport to northern Namibia.

He is currently paying Standard Bank N$60 000 a month to keep his buses.

Bank documents seen by The Namibian show that an individual named Johannes Josua (43) arranged for the financing of Ndapuka’s buses.

Josua says he had an agreement…

Read the Full article on The Namibian

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