No end to BoN, Trustco tussle

Breadcrumb

The fight between Trustco and the Bank of Namibia is far from over, as the two were again involved in a tit-for-tat this week, with a judgement against the central bank and a fresh application by the latter to have Trustco Bank liquidated.

The Bank of Namibia made a fresh application to the High Court that Trustco Bank be liquidated on November 2, and a day later, on November 3, 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.