JUST IN: BoN finds no trace of CUN’s N$60 bn
The Bank of Namibia (BoN) just released a statement, saying that at no point was N$60 billion transferred or deposited by any entity or individuals associated with the Credit Union of Namibia (CUN) in the banking system in Namibia.
The central bank reacted to the alleged fraud case in which N$60 billion was apparently stolen from CUN.
All cross-border transactions are reported to BoN by commercial banks that are authorised dealers in foreign exchange transactions, said BoN spokesperson Kazembire Zemburuka.
The BoN has concluded that there is no evidence to support the existence of such funds, he added.
In addition, the BoN does not issue nor is aware of any trading of sovereign guarantees to foreign investors, as alleged in several social media posts.
Furthermore, claims that the BoN’s staff members or its platforms are being exploited in fraudulent server-to-server transactions are not factual. There are no relevant facts or evidence supporting this, Zemburuka said.
The central bank reacted to the alleged fraud case in which N$60 billion was apparently stolen from CUN.
All cross-border transactions are reported to BoN by commercial banks that are authorised dealers in foreign exchange transactions, said BoN spokesperson Kazembire Zemburuka.
The BoN has concluded that there is no evidence to support the existence of such funds, he added.
In addition, the BoN does not issue nor is aware of any trading of sovereign guarantees to foreign investors, as alleged in several social media posts.
Furthermore, claims that the BoN’s staff members or its platforms are being exploited in fraudulent server-to-server transactions are not factual. There are no relevant facts or evidence supporting this, Zemburuka said.
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