25
Jun
Hertta-Maria Amutenja The High Court has ordered the Bank of Namibia (BoN) to return over N$20 million taken from an investment account held by retired Democratic Republic of Congo (DRC) army general Francois Tete Olenga. The court found that the central bank acted outside its legal authority when it forfeited the funds. Acting High Court judge Johanna Prinsloo delivered the judgment this week, setting aside the decision made in August 2023 by BoN deputy governor Leonie Dunn. She also declared all related decisions and actions unlawful. Prinsloo ruled that only the Bank of Namibia’s Board or the Governor has the…