US EditionNghipondoka, companies to pay DBN nearly N$4 million in settlement
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Nghipondoka, companies to pay DBN nearly N$4 million in settlement
Three companies and a family trust of businessman Vaino Nghipondoka have agreed to pay close to N$4 million to the Development Bank of Namibia (DBN), after the bank sued them for N$4.5 million. Nghipondoka, his companies Profile Technologies, Profile Investment Holdings and Profile Investments, and the Vaino Nghipondoka Family Trust signed a settlement with the DBN after the bank sued them in the Windhoek High Court. In the settlement agreement,…
·Windhoek, Namibia
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