Africa Links 24 with Shania Lazarus, The Namibian
Published on 2024-08-27 11:26:16
The Bank of Namibia (BoN) says it is Trustco Group’s responsibility to repay its former bank depositors, and not the central bank’s.
The group has lied in a statement in which it said depositors’ funds are guaranteed and held by the central bank, the BoN says.
Central bank spokesperson Kazembire Zemburuka says it remains Trustco’s responsibility to repay its depositors.
“This statement is misleading and devoid of all truth. The Bank of Namibia reiterates that Trustco Bank…
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