NSFAF begins litigation against loan payment defaulters
Contributed by NAMPA.
WINDHOEK, 14 MAR (NAMPA) - The Namibia Student Financial Assistance Fund (NSFAF) has begun its litigation process to recover approximately N.dollars 9 billion owed by about 132 000 beneficiaries since its inception in 1999.
Speaking to the media here on Tuesday, NSFAF Acting Chief Executive Officer, Kennedy Kandume, said thus far about 500 defaulters have been served with demand letters, while their names have been forwarded for black-listing.
Kandume explained that the fund is currently proce ...