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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

fraudulent investment schemes

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Business / Economics

Bank of Namibia Issues Warning on Fraudulent Investment Schemes

The Bank of Namibia has raised alarms about an increase in fraudulent investment schemes that falsely promise financial support for the nation’s development initiatives. These scams primarily target high-ranking government officials and traditional leaders, exploiting their reputations to gain credibility. The Bank has also observed that religious and traditional leaders are being approached to promote these deceptive schemes within their communities, further misleading the public. The regulator's Josefina Oskar:  

todayOctober 23, 2024 22

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Local

BANK OF NAMIBIA WARNS PUBLIC AGAINST FRAUDULENT INVESTMENT SCHEMES

    The Bank of Namibia has noted with increasing concern the rise of fraudulent investment schemes that falsely promise financial backing for Namibia’s development initiatives. These schemes are particularly aimed at high-ranking government officials, ministries, traditional leaders, and prominent public figures, exploiting their reputations to lend credibility to deceptive offers. Recently, the Bank has observed that prominent religious and traditional leaders, as well as church elders, are also approached […]

todayOctober 23, 2024 7

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