By Erasmus Shalihaxwe THE management of the Criminal Assets Recovery Fund, which falls under the Ministry of Justice, has failed to explain why a total of N$1 122 000 generated from the auctioned forfeited assets was not deposited into the Funds account as per the Treasury Approval Act. This was revealed by the Auditor General’s...
Chamwe Kaira Rossing Uranium has continued to keep dividends meant for the Iran Foreign Investment Company in a fixed account for fear of attracting United States sanctions. “As at 31 December 2022, the amount held in the Escrow account was N$331 million,” Rossing Uranium Managing Director told Observer Money on Thursday. Financial statements for the...
The Swapo-backed Namibia Food and Allied Workers Union (Nafau) has failed to account for over N$20 million in union funds, including N$7 million in workers’ contributions. This is according to an audit report from auditors Saunderson & Co, which analysed Nafau’s financial statement for the year ending December 2017. It shows the union, which boasts...