WINDHOEK: The Namibian Police Force (NamPol) has finally started 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 last week in the capital.
The investigations are being conducted by a Joint Task Team, comprising NamPol investigators and a number of highly-skilled and experienced forensic experts from South Africa.
NamPol Inspector-General, Lieutenant-General Sebastian Ndeitunga revealed at a media conference held at the NamPol headquarters in Ausspannplatz here on Thursday morning that the investigations will take about eight months to complete.
�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.
The NamPol Chief told the media that they are investigating matters that took place as far back as 1996.
According to Ndeitunga, investigations of this magnitude require a multi-agency approach, and various Government institutions such as the Office of the Prosecutor-General and the Bank of Namibia, will provide advice and guidance to the investigators.
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.