26
Jan
Justicia Shipena The High Court has dismissed a bid by Skybuild Construction CC and its two members to set aside a default judgment granted to First National Bank of Namibia over unpaid loan and overdraft debts worth millions. FNB obtained default judgment on 12 August 2024 after Skybuild failed to repay a N$9.05 million loan advanced in 2019, as well as an overdraft facility. The court granted judgment for more than N$7.5 million, plus interest, and an additional amount linked to the overdraft. Skybuild’s members, Ralph Rickert Mouton and Rosetta Hendrietta Mouton, were held jointly liable after signing suretyship agreements.…
