21
Dec
Martin Ednjala Between July and September 2023, the Namibia Financial Services Supervisory Authority (NAMFISA) ensured that approximately N$3,848,008 million was refunded to complainants through its Complaints Resolution Strategy. This figure represents a significant increase compared to the previous quarter, from April to June 2023, when a total of N$672,347 was refunded to complainants. The highest amount recovered, totalling N$3,160,857, came from the Pension Fund industry, followed by N$392,340 from the Short-term insurance industry, N$250,749 from the long-term insurance industry, N$41,295 from the Microlending industry, and N$2,767 from the Medical Aid Funds industry. Kenneth Matomola, NAMFISA’s Chief Executive Officer, stated that…