WINDHOEK: The Namibian Police Force (NamPol) has so far spent a total of N.dollars 6 million in the forensic investigations into the mismanagement and alleged squandering of over N.dollars 660 million from the Government Institutions’ Pension Fund (GIPF).
NamPol’s forensic investigations into the much-publicised GIPF missing millions from its Development Capital Portofolio (DCP) loan scheme, kicked off on 26 January this year (2011) here.
The investigations, conducted by a Joint Task Team comprising 12 NamPol investigators and five (5) highly-skilled and experienced forensic experts from South Africa, are expected to continue for the next six (6) months.
The total above-mentioned amount of money already spent for the investigations was made public by NamPol Inspector-General, Lieutenant-General Sebastian Ndeitunga at a media conference held at the NamPol headquarters in Ausspannplatz here on Monday morning that more funds will be needed for the continuation of the investigations in the next six (6) months.
‘ At this stage, at total of N.dollars 6 million have already been spent in the investigations into the alleged missing millions at the GIPF. However, more funds are needed to be made available for the next six (6) months in order to complete the investigations, ‘ said the NamPol head.
However, Ndeitunga did not reveal the total amount of money that was earlier budgeted for conducting the forensic investigations into the GIPF scandal.
‘The investigations of high-profile white-collar crime matters such as this one are complex, sensitive, time-consuming and require specialised resourcing, such as forensic chartered accountants. I am confident that the Namibian Police investigators, assisted by forensic experts from neighbouring South Africa, have the competency to conduct this investigation in a professional and expedient manner. And I assure you that the Namibian Police, assisted by forensic experts from South Africa, will perform on its mandate,’ explained Ndeitunga.
Ndeitunga thus pleaded with the entire Namibian nation and all those that have shown keen interest in the matter to be patient, and to allow the Namibian Police investigators to perform on their mandate.
The Police Chief also called on the local media houses to help disseminate accurate and timely information to the public when necessary during the process of the investigations.
Last year, close to 1 000 civil servants took to the streets of Windhoek in protest of the squandered millions of Namibian dollars from the GIPF.
The peaceful demonstration was aimed at demanding speedy Government action to stop the financial draining of GIPF’s failed Development Capital Portfolio (DCP) loan scheme.
The demonstrators could, however, not hand over the petition to President Hifikepunye Pohamba as was originally planned, because the Head of State was opening the Third Session of the Fifth Parliament at the same time.
The workers demonstrated against the more than N.dollars 660 million that was dished out to little-known companies, most of which failed to repay their loans.