GIPF’s Nuyoma to step down – The Namibian

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THE Government Institutions Pension Fund, (GIPF), will have a new chief executives in June 2023. The current chief, David Nuyoma is retiring.

This announcement was made by the GIPF board trustees this week. The recruitment process for the top executive positions of the fund will soon begin.

Nuyoma is the current chief executive of the institution. The fund was rebranded by Primus Hango after it was hit by the DCP scandal.

Several million dollars were also stolen during Nuyoma’s tenure. Some cases are still pending before the courts.

According to the pension fund it is committed to an objective, fair and open recruitment process and disengages itself from past social media reports implying that there are candidates earmarked to fill the position.

Although there was speculation that Martin Inkumbi, the chief executive of Development Bank of Namibia (DBN), would take the position, this has not been confirmed.

GIPF stated that the process would be facilitated through an independent expert recruitment agency.

The fund has an asset base exceeding N$135 billion.

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Twitter: @Lasarus_A

Source: namibian

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