BoN decisions ‘unconstitutional’, Trustco alleges
Takes battle to High Court
Sections of the Banking Institutions Act which deal with offences and penalties, the prohibition on conducting of banking business by unauthorised persons, as well as winding-up or judicial management are unconstitutional, Trustco alleges.
Trustco Group Holdings’ ongoing struggle with the Bank of Namibia (BoN) to allow its banking subsidiary to become a fully commercial bank, is heading to the High Court.Trustco Gr
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