Ghost companies drain more than N$100 Million from Namibia

Hertta-Maria Amutenja In a groundbreaking revelation, Namibia’s Revenue Agency (Namra) Commissioner, Sam Shivute, exposed a syndicate of ‘ghost companies’ orchestrating the illicit transfer of more than N$100 million out of the country. “Last year, our investigation team picked out a syndicate that we call ghost companies. You find people who would register a business with Bipa, but before they register the business, they would go to disadvantaged people in villages and informal settlements and get people’s identification documents, promising those people social grants,” Shivute. He revealed the depth of the illicit activities, citing an example of ghost companies exploiting unsuspecting…