Namibia: Agribank to Repossess Farms

23 February 2018

AGRIBANK yesterday said it will repossess and auction off farms belonging to defaulters who owe the bank about N$500 million.

The bank's spokesperson, Rino Muranda, told The Namibian yesterday that farms would only be taken if the farmers fail to comply with the instructions from the bank and debt collectors hired by the bank to pay their arrears.

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