The Namibian Defence Force has reportedly lost N$10 million (U.S.$652,110) of taxpayers' money in a failed farm deal after the private seller pulled the plug on the transaction following government's failure to pay the remaining funds within the agreed time. Ministerial insiders have questioned the need for the farm acquisitions, and why the government would, during the country's crunch economic times, commit the cash-strapped ministry to such spending.
Namibian Defence Force Loses Millions in Botched Farm Deal
Namibian, 14 August 2019
The Namibian Defence Force lost N$10 million of taxpayers' money in a failed farm deal after the private seller pulled the plug on the transaction. Read more »
Defence Minister Penda ya Ndakolo has reportedly admitted that he did not inform President Hage Geingob about the military's decision to purchase a U.S.$3,8 million farm. The ... Read more »
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