News

Banks pursue N$35.3 million in unpaid loans

todayNovember 6, 2026

Background

Bad debt remains high and in the motion court sessions today before judges James Devitie and Thomas Masuku, there were 81 applications for default judgements of which banks brought 28. Cumulatively the banks are claiming N$35.3 million in unpaid mortgages and loans, with six of these on Tuesday’s rule 108 session which will be presided over by Judge Gladys Pickering. In Monday’s session, judges Shafimana Ueitele and Deon Obbes will hear 42 undefended divorces.

The post Banks pursue N$35.3 million in unpaid loans appeared first on Future Media News.

Written by: Madeline

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