{"id":79475,"date":"2023-02-11T19:09:46","date_gmt":"2023-02-11T19:09:46","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2023\/02\/11\/usd-60b-never-reached-namibia-police-the-namibian\/"},"modified":"2023-02-11T19:09:54","modified_gmt":"2023-02-11T19:09:54","slug":"usd-60b-never-reached-namibia-police-the-namibian","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2023\/02\/11\/usd-60b-never-reached-namibia-police-the-namibian\/","title":{"rendered":"USD 60b never reached Namibia \u2013 police – The Namibian"},"content":{"rendered":"
\n

NATIONAL police spokesperson deputy commissioner Kauna Shikwambi yesterday mentioned the USD60 billion ‘stolen’ from credit score scheme Credit score Union Namibia within the type of a ‘growth grant for Africa’ by no means truly reached Namibia.<\/b><\/p>\n

This comes after the police on Wednesday introduced they’re on the hunt for the alleged thieves of N$60 billion belonging to traders on this entity.<\/p>\n

Shikwambi mentioned a case has been opened by a consultant of Credit score Union Namibia (CUN), who alleged his firm was alleged to have benefited from a grant to the tune US$60 billion.<\/p>\n

\u201cThe grant was allegedly earmarked for the event of African international locations, amongst others, Namibia. Consequently, the cash was by no means delivered to the meant beneficiaries, therefore the suspicion of fraud and the opening of a case by the consultant of CUN,\u201d she mentioned.<\/p>\n

Shikwambi mentioned a preliminary investigations performed disclosed that the alleged U$60 billion by no means entered Namibia, thus the complainant’s firm has not suffered any potential or precise loss.<\/p>\n

\u201cSubsequently, the matter will probably be transmitted to the respective nation the place the traders funds have been alleged to be launched for the additional consideration of the complainant of CUN by their law-enforcement authorities. <\/p>\n

\u201cIt seems from the investigations that neither the Monetary Intelligence Centre, nor the Financial institution of Namibia has any information of such funds coming into the nation,\u201d she mentioned. Shikwambi mentioned the police has famous with remorse that the dissemination of the primary info on this matter, particularly on the quantity concerned, has brought on the nation and its traders pointless alarm.<\/p>\n

\u201cThe error is regretted and the Namibian Police Drive thus needs to enchantment for calm, and reassures the Namibia nation and potential traders that the alleged fraud didn’t happen in Namibia, in gentle of the data that has been subsequently uncovered which put the allegations in perspective,\u201d she mentioned.<\/p>\n

Financial institution of Namibia (BoN) spokesperson Kazembire Zemburuka this week mentioned there was no proof to help the theft of N$60 billion in funds from CUN.<\/p>\n

He mentioned all cross-border transactions are reported to the BoN by business banks, that are authorised sellers in international change transactions.<\/p>\n

\u201cThe financial institution want to inform the general public that at no level was such an quantity transferred or deposited by any entity or people related to Credit score Union Namibia within the banking system in Namibia,\u201d he mentioned. Zemburuka mentioned the BoN doesn’t problem sovereign ensures to international traders, as alleged in a number of social media posts.<\/p>\n

He mentioned claims that the financial institution’s employees members are concerned in fraudulent server-to-server transactions are usually not factual.<\/p>\n

\u201cThere aren’t any related information or proof supporting this. The financial institution has observed a rise in on-line scams, misinformation, and hoaxes which goal and contain the general public and encourages the general public to stay vigilant and to take the mandatory steps to confirm info on social media and different platforms \u2013 notably if such info is just not distributed by credible sources,\u201d he mentioned. Police spokesperson warrant officer Silas Shipandeni on Wednesday mentioned a case of fraud was opened by CUN’s chief government officer, Theron Ruping Louie (56), in December final 12 months.<\/p>\n

The Namibian this week telephonically contacted a person by the title of ‘Theron’, who confirmed he was linked to CUN.<\/p>\n

\u201cYou should get your information so as, the information are usually not so as,\u201d he mentioned and hung up.<\/p>\n

Upon additional investigation, The Namibian found CUN operates beneath a Fb firm web page known as ‘Fur Group Pty LTD’, which is a web based buying and selling scheme.<\/p>\n

One of many posts on the web page reads: \u201cDeposit <\/p>\n

R1 000 and qualify for a mortgage of R10 000. Open a checking account with Credit score Union Namibia in the present day and profit from all CUN’s excellent banking providers.\u201d<\/p>\n

The account encourages individuals to speculate and financial institution with the entity on-line.<\/p>\n<\/div>\n

Supply: namibian<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NATIONAL police spokesperson deputy commissioner Kauna Shikwambi yesterday mentioned the USD60 billion ‘stolen’ from credit score scheme Credit score Union Namibia within the type of a ‘growth grant for Africa’ by no means truly reached Namibia. This comes after the police on Wednesday introduced they’re on the hunt for the alleged thieves of N$60 billion […]<\/p>\n","protected":false},"author":1,"featured_media":79477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\nUSD 60b never reached Namibia \u2013 police - The Namibian - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2023\/02\/11\/usd-60b-never-reached-namibia-police-the-namibian\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 60b never reached Namibia \u2013 police - The Namibian - African News Paper\" \/>\n<meta property=\"og:description\" content=\"NATIONAL police spokesperson deputy commissioner Kauna Shikwambi yesterday mentioned the USD60 billion ‘stolen’ from credit score scheme Credit score Union Namibia within the type of a ‘growth grant for Africa’ by no means truly reached Namibia. 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