FNB theft suspect gets N$60 000 bail

The 29-year-old man who was arrested for allegedly stealing N$800 000 cash from First National Bank (FNB) was on Friday granted bail of N$60 000 in the Oshakati Magistrate's Court.George Shivute was granted bail by Magistrate Walter Mikiti on the conditions that he does not interfere with the ongoing police investigations, he does not enter FNB, or come in close proximity to its premises.Shivute is also expected to report himself every Monday between 08:00 and 17:00 to the investigating officer in the matter, which was remanded to 10 September.The state had opposed bail on the grounds that it has a strong case against the accused.The state also feared he may abscond, that he may interfere with ongoing investigations and that granting him bail will not be in the public interest or in the interest of the administration of justice.Shivute was employed as an ATM custodian at FNB and was entrusted with the responsibility of loading cash into ATM machines at Oshakati, Ongwediva and Oshikuku.He is facing an count of theft and a charge of attempting to defeat the course of justice after N$800 000, which was a portion of the N$1 060 000 he was entrusted to load into an ATM on 24 April, disappeared.Shivute was then served with a suspension letter on 22 June, following the disappearance of the cash, and he subsequently resigned from the bank.He is also accused of tampering with the CCTV camera and alarm system that monitors the ATM into which the cash was to have been loaded. He was arrested four days later on 26 June.During cross-examination by state prosecutor Mpule Siyomunji, Shivute claimed he has no knowledge of why he was arrested.He informed the court his highest education qualification is a grade 12 certificate and he has no property on his name. He is the father of an eight-month-old baby.Shivute also informed the court he does not remember the events of 24 April and that he will remain silent on the allegations until his trial.Shivute is represented by Marcia Amupolo. KENYA KAMBOWE

FNB theft suspect gets N$60 000 bail

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Namibian Sun 2026-04-24

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FNB theft suspect gets N$60 000 bail

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Namibian Sun 2026-04-24

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