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ESTER MBATHERA BUSINESSMAN Daniel Kamunoko is suing Standard Bank for about N$184 billion, money he could have made had the bank not taken actions which ruined him financially, by illegally selling his properties and also for being a direct cause of his uncle’s death. Kamunoko’s demand for about N$184 billion is based on the fact that he blames Standard Bank's action for his financial losses. He said, in court papers, that the bank denied him access to his personal and business accounts, which saw him losing business opportunities. One of the business opportunities he lost out on is a liquefied…

Ester Mbathera Monica Geingos, the widow of late President Hage Geingob, is entitled to significant benefits that will ensure her financial security and well-being. According to the Former President's Pension and Other Benefits Act 18 of 2004 Sec 3(1) the surviving spouse is entitled to 75% of the monthly pension, which is exempt from income tax. Geingos is further entitled to gratuity which is equivalent to a one-year salary for the two terms served. At the time of his death on 4 February, the late President’s salary was pegged at more than N$2 million per annum Legal practitioner, Bernard Tjatjara…

Ester Mbathera The Social Security Commission (SSC) has been accused of flouting public procurement rules by awarding a tender outside the mandated thresholds for public entities. The commission awarded an asset management tender worth N$500 million to entities that did not undergo the required competitive bidding overseen by the Central Procurement Board (CPBN). The incubation program allocation is equivalent to 33% of the SSC’s assets. Under the Procurement Act guidelines, the SSC falls under category three, requiring the board to oversee bidding processes for contracts exceeding specified thresholds. For consultancy services, the threshold stands at N$10 million, while for non-consultancy…

Stefanus Nashama The Popular Democratic Movement’s (PDM) member of the National Assembly, Vipuakuje Muharukua has resigned from the party and the Parliament. His resignation was confirmed by the party’s secretary-general, Manuel Mgaringombe on Tuesday, who said that Muharukua resigned due to personal political connections. Ngaringombe said Muharukua submitted his resignation on Monday. “Yes, he has resigned indeed, we have acknowledged his resignation from the party and the National Assembly,” he said. Ngaringombe stated that it's within Muharukua’s democratic rights to resign and place his life where he wants to be. “We are in a democratic society and PDM is a…