• September 21st, 2018
Login / Register

Graft Agency to Probe Agribank Loan Scheme

By John Ekongo WINDHOEK The Anti-Corruption Commission (ACC) has formally requested the Agricultural Bank of Namibia (Agribank) to provide information on the affirmative action loan scheme at the bank. This comes after a number of high-profile debtors failed to pay their dues on the loans they took out with the bank, including Agribank Chief Executive Officer Ambassador Leonard Iipumbu. The ACC's probe was prompted by arrears of nearly half-a-million dollars apparently owned by the bank's CEO. Iipumbu is said to owe the bank a whopping N$460?
2008-07-04 00:00:00 10 years ago
Share on social media

Be the first to post a comment...