23
Oct
Martin Endjala The Bank of Namibia (BoN) issued an alert in which it warned the public about rising fraudulent investment schemes falsely promising financial backing for Namibia’s development initiatives. BoN cautioned that these schemes are targeting high-ranking government officials, ministries, traditional leaders, and prominent public figures, exploiting their reputations to lend credibility to deceptive offers. “Of late, the bank has observed that prominent religious and traditional leaders, as well as church elders, are also approached to advance these investment schemes to their church communities by using their influence,” said Johannes !Gawaxab, the central bank's governor. He explained that the people…
