02
Feb
Martin Endjala The Bank of Namibia (BoN) has raised serious concerns over the surge in fraudulent investment schemes, which falsely claim government affiliations to lure victims. These scams often target senior public figures, high-ranking officials, politicians, and civil servants with promises of substantial financial assistance for Namibia’s development projects. Governor Johannes !Gawaxab emphasized the sophisticated nature of these frauds, noting that scammers present fake investment funds, allegedly worth millions or billions in US Dollars or Euros. They offer to finance developmental and mega construction projects in Namibia, using forged documents such as swift money transfers and payment transactions to mimic…