{"id":24204,"date":"2022-07-06T13:23:29","date_gmt":"2022-07-06T13:23:29","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe"},"modified":"2022-07-06T13:33:37","modified_gmt":"2022-07-06T13:33:37","slug":"property-group-enlists-amoomo-in-bon-probe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe","title":{"rendered":"Property group enlists Amoomo in BoN probe"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Incarcerated social justice activist Dimbulukeni Nauyoma and forex trader Michael Amushelelo have roped in lawyer Kadhila Amoomo as they seek clarity on the specifics of a pending investigation into their housing scheme by the central bank.<\/p>\n

Last week, New Era reported that the Bank of Namibia will investigate the Nauyoma and Amushelelo housing initiative which promises to deliver affordable housing.<\/p>\n

Dated 1 July, the letter seen by this newspaper is addressed to Bank of Namibia (BoN) governor Johannes !Gawaxab.<\/p>\n

\u201cIs it so that the Bank of Namibia is currently investigating the Property Group Save Namibia (PGSN)? If it is indeed true that Property Group Save Namibia is being investigated, why has there not been any formal notice to Property Group Save Namibia inasfar as these investigations are concerned?\u201d Amoomo wanted to know.<\/p>\n

In addition, he expressed dismay that his clients only got to find out through the media about the potential investigation.<\/p>\n

\u201cIs it in accordance with the policies of the Bank of Namibia that the subjects of investigations are alerted through the media?\u201d he asked.<\/p>\n

He further wanted to know in terms of which laws the investigations are being undertaken, and their subsequent duration. The lawyer gave the bank until 7 July 2022 to respond to the letter.<\/p>\n

He then turned to New Era, accusing the paper of not giving his clients an opportunity to \u201ccomment on the article before publishing the same\u201d.<\/p>\n

The contrary is true.<\/p>\n

At the time of the article\u2019s publication, efforts to get comment from both Nauyoma and Amushelelo were futile as they were in custody.<\/p>\n

However, Nauyoma clarified PGSN\u2019s business activities in a separate interview in April on Namibian Sun\u2019s talk show, The Evening Review.<\/p>\n

He maintained PGSN was part of a bigger economic struggle, adding that he was tired of being an Affirmative Repositioning (AR) poster boy.<\/p>\n

\u201cWe made a conscious decision to enter the business sphere. We are talking about genuine economic emancipation in our lifetime. How are we going to do that? It is not by being on a poster [or] by being at a protest,\u201d he stated.<\/p>\n

He then dismissed claims that their initiative benefited in any way from Job Amupanda\u2019s stint as Windhoek mayor.<\/p>\n

\u201cWe never bought this land from the City of Windhoek. Never. We bought<\/p>\n

this land from private individuals who own the land. We bought this land from white people,\u201d Nauyoma added.<\/p>\n

According to him, they will liberate many Namibians from the yoke of poverty through job creation and<\/p>\n

housing provision. More so, this publication was unable to get comment from the duo yesterday during their court appearance. Police officers cited the prevailing Covid-19 pandemic.<\/p>\n

Additionally, Amoomo did not respond to detailed questions sent to<\/p>\n

him on Monday regarding the same.<\/p>\n

Technicalities and semantics<\/b><\/p>\n

Responding to questions over the weekend, BoN\u2019s spokesperson Kazembire Zemburuka confirmed receiving the legal notice.<\/p>\n

While an assessment and an investigation can be used interchangeably, the bank insisted \u201csuffice to state there is no investigation into the Property Group Save Namibia, but an assessment.\u201d<\/p>\n

\u201cAn assessment entails the evaluation of information at the bank\u2019s disposal to determine whether a certain business practice falls within laws administered<\/p>\n

by the bank,\u201d Zemburuka stressed.<\/p>\n

\u201cAn investigation, on the other hand, is a formal process conducted in terms of Section 6 of the Banking Institutions Act 1998, as amended, when a contravention of applicable laws is alleged.\u201d<\/p>\n

PGSN<\/b><\/p>\n

Last week, New Era reported about a potential investigation into the business operations of PGSN, whose modus operandi has been questioned by certain quarters. At present, PGSN is not registered as a building society in Namibia. A building society is a financial institution regulated by and owned by its members as a mutual organisation that offers banking and related financial services, especially savings and mortgage lending.<\/p>\n

\u201cThe Bank of Namibia will conduct an assessment to establish whether the business activities of Property Group Save Namibia contravene any law administered by the bank,\u201d Zemburuka said in response to questions.<\/p>\n

Some members of the public have questioned the envisaged estate\u2019s credibility.<\/p>\n

Their fear is mainly premised on the ownership of the land in Brakwater, where the settlement will be built, and why no applications have been made with the City of Windhoek for bulk services<\/p>\n

or any other land-related matters.<\/p>\n

According to its pamphlet, PGSN proposes to establish Brakwater Estate on Portion 60 (a portion of Portion H) of the Farm Brakwater no. 48.<\/p>\n

Despite this, the city has welcomed the initiative with open arms, on condition that it is beyond reproach.<\/p>\n

\u201cOur doors are open to any developer with good initiatives in land and housing. Our advice to developers and aspiring developers is to follow the law,\u201d city spokesperson Harold Akwenye said.<\/p>\n

He was, however, cautious to provide more information.<\/p>\n

He then cautioned Windhoek\u2019s residents, whose desperation could make them vulnerable to dodgy housing schemes.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Incarcerated social justice activist Dimbulukeni Nauyoma and forex trader Michael Amushelelo have roped in lawyer Kadhila Amoomo as they seek clarity on the specifics of a pending investigation into their housing scheme by the central bank. Last week, New Era reported that the Bank of Namibia will investigate the Nauyoma and Amushelelo […]<\/p>\n","protected":false},"author":84,"featured_media":24203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[234,236,233],"class_list":["post-24204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nProperty group enlists Amoomo in BoN probe - Namibia<\/title>\n<meta name=\"description\" content=\"Incarcerated social justice activist Dimbulukeni Nauyoma and forex trader Michael Amushelelo have roped in lawyer Kadhil ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property group enlists Amoomo in BoN probe\" \/>\n<meta property=\"og:description\" content=\"Incarcerated social justice activist Dimbulukeni Nauyoma and forex trader Michael Amushelelo have roped in lawyer Kadhil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-06T13:23:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-06T13:33:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/07\/postQueueImg_11-62c58f1d228d1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Property group enlists Amoomo in BoN probe\",\"datePublished\":\"2022-07-06T13:23:29+00:00\",\"dateModified\":\"2022-07-06T13:33:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\"},\"wordCount\":826,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/07\/postQueueImg_11-62c58f1d228d1.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/property-group-enlists-amoomo-in-bon-probe\",\"name\":\"Property group enlists Amoomo in BoN probe - 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