SPYL takes aim at PG

The Swapo Youth League has asked for a review of the prosecutor-general's decision regarding GIPF.

11 September 2019 | Politics

The Swapo Party Youth League (SPYL) says it will not rest until justice is served in the Government Institutions Pension Fund (GIPF) saga, in which millions were lost.

It has also called for a commission of inquiry to be established.

The youth wing has condemned Prosecutor-General Martha Imalwa's recent revelation that there is no hope of recovering the lost N$600 million and that she had declined to prosecute 18 of the 20 firms linked to the GIPF saga.

The SPYL has called for Imalwa's decision not to prosecute to be reviewed by a court or by the Judicial Service Commission (JSC).

They further want a judge to be appointed to hold an inquiry into the matter.

“We cannot tolerate the choreographed utterances that there is no evidence or that the kingpins implicated in the GIPF dossier are dead. Some may be dead, but some are around, (and are) alive and kicking.

“We are calling for the appointment of a judge for an inquiry into the matter, it will be a betrayal of our consciousness to let bygones be bygones,” as statement issued by SPYL secretary for information, Gerson Dumeni, said.

“We need to stand up for our country. In the absence of any checks and balances, the youth assumes that role. It appears that the PG is properly compromised, but not at the expense of our generation; we will not betray Namibia, neither this generation,” Dumeni said.

The statement further said Imalwa's decision is “very sloppy” and contradicts President Hage Geingob's call that 2019 would be the year of accountability.

The youth wing also took aim at the PG's term of office, saying it should be limited to 10 years.

Imalwa was first appointed as PG in 2003 for of 10 years, before her mandate was renewed in 2013, this time for seven years.

“The term of the office of the PG indeed has to be controlled. We will therefore be justified to go to parliament and ask for a change to the PG's term, as it must be limited to 10 years. The office is competent, but individuals must be given a timeframe to address issues of public interest,” the statement added.

Meanwhile, CEO and principal officer of the GIPF, David Nuyoma, said on Monday the pension fund had given the police and forensic investigations nearly 200 ledger files dealing with the Development Capital Portfolio (DCP) loans. “We want this matter to be closed and we are still willing to provide information on whatever file,” Nuyoma said.

He said the GIPF has learnt hard and valuable lessons from the DCP loan scheme and has since “strengthened on the weak investment governance that prevailed at the time”.

Not a single director, board of trustee or defaulting DCP lender has so far been brought to book.

Nuyoma said from these lessons, subsequent unlisted investment programmes are now ring-fenced and managed by professional managers. The DCP loans were taken out during 1995 to 2005 when the GIPF disbursed a total of N$661.2 million to 21 companies by way of equity and debt.

Nuyoma said some of the companies experienced difficulties, either through poor management, poor governance and negative changes in the business environment.

In 2005 the GIPF put a moratorium on the loan scheme, to ensure proper divestiture of the 21 companies, which was followed by a number of investigations into the DCP.

To date, most of the DCP investments have been disposed of or written off, with the exception of three performing loans.

KENYA KAMBOWE

Similar News

 

Uupyakadhi wa holoka moRDP

6 days ago - 13 September 2019 | Politics

Konima owala yoomwedhi ne sho ongundu yoRally for Democracy and Progress (RDP) ya ningi omutumba gwomahogololo ngoka gwa hogolola Mike Kavekotora onga omupresidnde gwongundu ndjoka,...

Trouble brews in RDP

1 week ago - 12 September 2019 | Politics

Four months after the Rally for Democracy and Progress (RDP) national convention elected Mike Kavekotora as party president, the youth wing is crying foul and...

Hage a hupitha Jerry

1 week ago - 12 September 2019 | Politics

Metokolo lye ndyoka tali halutha, Omupresidende Hage Geingob okwa kwatelemo maahogololwa ye, Jerry Ekandjo, opo a vule okuninga oshilyo shopaliamende konima yomahogololo gopashigwana ngoka taga...

Hage throws Jerry a bone

1 week ago - 11 September 2019 | Politics

In a surprising twist, President Hage Geingob has included Swapo backbencher Jerry Ekandjo among his 10 presidential nominees to take up seats in the National...

Support for presidential checks and balances

1 week ago - 10 September 2019 | Politics

Democracy is designed to keep powerful leaders in check. The separation of powers into three branches of government creates a system of accountability by all...

PDM to launch election manifesto

1 week ago - 10 September 2019 | Politics

The Popular Democratic Movement (PDM) is set to launch its election manifesto under the theme 'Strategy Namibia' at the end of September, its president McHenry...

Harambee delight

1 week ago - 09 September 2019 | Politics

The outcome of the Swapo electoral college has seemingly confirmed President Hage Geingob’s unshakable grip on power, with most of his loyalists emerging in pole...

Seven jump out of pot

1 week ago - 06 September 2019 | Politics

Former trade minister Immanuel Ngatjizeko, Namibia's ambassador to China, Elia Kaiyamo, and his counterpart in Botswana, Asser Kapere, are among seven central committee members that...

Elders critical for politics

1 week ago - 06 September 2019 | Politics

There is no age limit in politics and being a member of parliament should not be seen as an employment opportunity, Swapo MP Pendukeni Iivula-Ithana...

Dikuua, Nyambe in pot

1 week ago - 05 September 2019 | Politics

Swapo Kavango East elders’ council secretary Alfons Dikuua and Vilho Shikukumwa branch mobiliser Bertha Nyambe have been elected as the region’s two candidates for the...

Latest News

Roar young lions, roar!

1 hour ago | Columns

Youth without a consistent voice are inevitably excluded from the pockets of power that exist throughout societies.Youth who become praise-singers and imbongis, even when they...

Teko trio walk free

1 hour ago | Justice

Teckla Lameck, Jerobeam Mokaxwa and Chinese national Yang Fang, known as the Teko trio, have been found not guilty of all charges relating to a...

'He decided to flee'

1 hour ago | Crime

Defence minister Penda Ya Ndakolo says Benisius Kalola (32), the second unarmed civilian killed during Operation Kalahari Desert this year, was shot when he fled...

280 cops deployed against poachers

1 hour ago | Crime

The Namibian police have deployed 280 members to assist in the fight against poaching.Inspector-general Sebastian Ndeitunga says these members, selected from across the country, are...

Uanivi gets Warriors chance

1 hour ago | Sports

African Stars veteran defender Pat-Navin Uanivi has finally been selected for the national team after years of being omitted. Uanivi forms part of Brave Warriors...

Horn suspended for alleged doping

1 hour ago | Sports

South African women's 100m record holder Carina Horn has been suspended from competition over doping allegations.The Athletics Integrity Unit (AIU) announced on Monday: “The AIU...

'Hitman' faces tough brawl

1 hour ago | Sports

Former two-time world champion Paulus 'Hitman' Moses is set for tough night, as he not only faces Russia's Adlan Aburashidov, but also the home-ground advantage...

Loubser ready to get his...

1 hour ago | Sports

Four years ago, Cliven Loubser was inspired after watching his native Namibia score a try against New Zealand and earn their first Rugby World Cup...

Billionaire pushes oil deal

1 day - 18 September 2019 | Energy

Comsar, the proponent of a 250 megawatt power station, says the government is moving at snail's pace in getting the project off the ground.The company,...

Load More