Namibia's government owned 65% of SME Bank and held the chairman's seat. By 2017 SME Bank had collapsed, N$247 million unaccounted for and a deposit recorded at N$150 million found to hold N$450,000. It left 5,000 depositors and N$1 billion in liabilities behind. If the state couldn't protect money inside SME Bank, where is yours safe? #Namibia #SMEBank #BankingCollapse #Governance #GlobalArbitrage