SME Bank liquidators intensify recovery drive

Nearly a decade after the collapse of SME Bank, the bank's liquidators continue to widen their recovery campaign, with the latest High Court proceedings seeking more than N$17.2 mi...

Namibian Sun27 Jul 2026, 10:10 pm

LOCAL NEWS

SME Bank liquidators intensify recovery drive

Fresh N$17.2m lawsuit

Funds recorded as investments, software purchases and building expenses were allegedly diverted through a network of transactions.

Staff Reporter

1 Day Ago - 2026-07-28 00:10:00

Nearly a decade after the collapse of SME Bank, the bank's liquidators continue to widen their recovery campaign, with the latest High Court proceedings seeking more than N$17.2 million, excluding interest, from Dore Pharmaceutical (Pty) Ltd and two individuals.

Originally published by Namibian Sun on 27 Jul 2026, 10:10 pm. View original article