Agribank board rakes in N.dollars 750 000 in board fees

Contributed by NAMPA.

WINDHOEK, 22 JUN (NAMPA) – Four of the five board members of the Agricultural Bank of Namibia (Agribank) pocketed N.dollars 749 247 in board fees between April 2016 and March 2017, its latest annual report revealed.
Of this amount, the board received N.dollars 459 000 in retainer fees and N.dollars 290 000 in sitting allowances.
In the previous year, Agribank paid out N.dollars 658 000 in board fees.
The 2017 Agribank annual report was tabled by Finance Minister, Calle Schlettwein in Parl ...