# @globalnomad2030 on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DdGW1eSHbYf
- **Gondola URL:** https://gondola.cc/posts/70351282-globalnomad2030-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/a211bbd144.jpg
- **Posted:** 2026-09-10T08:01:23.000+00:00
- **Account Owner:** Julius Besiole David (@globalnomad2030) — https://gondola.cc/globalnomad2030

## Caption

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

## Stats

- **Views:** 8,692
- **Likes:** 580
- **Shares:** 0
- **Comments:** 31

## Tags

smebank, namibia, governance, globalarbitrage, bankingcollapse

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