t Bank of Namibia

Liquidation axe still hangs over Trustco

Liquidation axe still hangs over Trustco

Staff Writer The High Court has ordered that the Bank of Namibia stops halt its action against Trustco, and find an alternative banker to do their transactions in Namibia. The High Court order yesterday follows a fresh application in an amended notice a day before by the Bank of Namibia to have Trustco placed under provisional order of winding-up in the hands of the Master of the High Court. Collexia, a client of Trustco, won an application in the High Court preventing and stopping the central bank from its intentions to take steps against the private bank. Collexia brought the…
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