Nghiwete hearing soon
Nghiwete hearing soon

Nghiwete hearing soon

The NSFAF board hopes the matter will be concluded before the end of October.
Catherine Sasman
The CEO of the Namibia Students Financial Assistant Fund (NSFAF), Hilya Nghiwete, is to appear before a disciplinary hearing on 3 to 5 October, and again on 11 to 12 October.

Nghiwete was suspended on 16 April by the new board chaired by Jerome Mutumba on charges of maladministration and/or administrative corruption, amongst other misconduct. The charges against her were formalised 14 days after her suspension following a targeted investigation. The commissioned forensic audit done by PriceWaterhouse Coopers Namibia (PWC) has now been completed, which Mutumba said “found a number of issues where the company was found wanting”.

He would, however, not say what the exact charges against Nghiwete are. At the time the NSFAF announced her suspension it merely stated that there were “serious allegations” against her.

Mutumba also refused to disclose the amount paid to PWC for the forensic audit and only commented: “Forensic audits are not cheap.”

Nghiwete received her full salary over the five months of her suspension but was stripped of her powers and duties at the NSFAF.

After a date for the initial hearing was set down, Nghiwete through her lawyer, Sisa Namandje, asked for a postponement.

Though Mutumba said the matter has been out of the hands of the board since then, the board anticipates that it will be finalised shortly after the disciplinary hearing.

“The board wants to resolve this matter in the shortest period possible and hope it will be finalised by the end of October,” Mutumba said.



Catalogue of charges

Sources preferring anonymity said a “catalogue of charges” have been formulated against Nghiwete.

The sources claimed there was “deliberate chaos created at the NSFAF” from which “some wanted to thrive from”.

Mutumba would not comment on these statements and merely said: “The commitment of the new board is to bring stability and improved services quickly and effectively and make sure funds given to us are used responsibly. Our preoccupation is to set the direction for the organisation so that management can do its work properly.”

Namandje, Nghiwete's lawyer, would not say if his client has received the exact charges against her, and said: “I don't want to discuss this with the media; I don't want to discuss bogus charges.”

CATHERINE SASMAN

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 330.36/OZ UP +0.61% | Copper US$ 4.49/lb UP +1.25% | Zinc US$ 2 852.10/T UP 1.62% | Brent Crude Oil US$ 87.62/BBP DOWN -0.0043 | Platinum US$ 909.04/OZ UP +0.76% Sport results: Premier League: Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth | Arsenal 5 vs 0 Chelsea LaLiga: Sevilla 2 vs 1 Mallorca SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna European Championships Qualifying: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United English Championship: Coventry City 2 vs 3 Hull City | Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United Weather: Katima Mulilo: 15° | 34° Rundu: 15° | 34° Eenhana: 15° | 35° Oshakati: 17° | 34° Ruacana: 17° | 35° Tsumeb: 18° | 33° Otjiwarongo: 14° | 31° Omaruru: 17° | 34° Windhoek: 15° | 29° Gobabis: 17° | 31° Henties Bay: 15° | 21° Wind speed: 22km/h, Wind direction: S, Low tide: 10:02, High tide: 04:02, Low Tide: 22:08, High tide: 16:27 Swakopmund: 15° | 16° Wind speed: 27km/h, Wind direction: SW, Low tide: 10:00, High tide: 04:00, Low Tide: 22:06, High tide: 16:25 Walvis Bay: 15° | 23° Wind speed: 35km/h, Wind direction: SW, Low tide: 10:00, High tide: 03:59, Low Tide: 22:06, High tide: 16:24 Rehoboth: 16° | 31° Mariental: 19° | 32° Keetmanshoop: 19° | 32° Aranos: 20° | 33° Lüderitz: 14° | 25° Ariamsvlei: 18° | 31° Oranjemund: 14° | 21° Luanda: 26° | 29° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 20° Maseru: 12° | 26° Antananarivo: 14° | 26° Lilongwe: 14° | 27° Maputo: 20° | 27° Windhoek: 15° | 29° Cape Town: 16° | 24° Durban: 18° | 23° Johannesburg: 18° | 25° Dar es Salaam: 23° | 26° Lusaka: 18° | 29° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.74 | EUR to NAD 20.39 | CNY to NAD 2.63 | USD to NAD 19.03 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.21 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 834.06 | USD to BWP 13.85 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1277.03 | USD to ZAR 19.03 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74513.94 Up +0.68% | Namibian Stock Exchange (NSX) Overall Index 1545.38 Up +1.53% | Casablanca Stock Exchange (CSE) MASI 13281.24 Up +0.26% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 330.36/OZ UP +0.61% | Copper US$ 4.49/lb UP +1.25% | Zinc US$ 2 852.10/T UP 1.62% | Brent Crude Oil US$ 87.62/BBP DOWN -0.0043 | Platinum US$ 909.04/OZ UP +0.76%