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The Acting Executive Director of the Ministry of Industrialization, Bernadette Menyah-Artivor, rejected calls by other state officials to transfer assets and investments from the state. N $ 120 million worth of offshore offshore development company (ODC).
The government created last year the Namibia Industrial Development Agency (Nida) to replace the ODC and the Namibia Development Corporation (NDC).
Documents show that Menyah-Artivor was concerned about the transfer of assets and funds from the two missing state agencies to the new parastatal organization.
Senior officials were however divided on how to handle the money from bank accounts of abolished companies.
Menyah-Artivor was concerned about the transfer of funds, but his political leader, the Minister of Trade and Industrialization, Tjekero Tweya, asked Nida's board of directors to ensure that the funds were transferred. money deposited at the bank of the abolished state agencies be transferred to the new parastatal agency.
The rejection of Menyah-Artivor is contained in his letter to the chairman of Nida's board of directors, Frans Kwala, on December 19, 2018.
"Mr. Kwala, I have taken note of the resolution of your board of directors to take back all the funds pertaining to the ODC and the NDC, whether they come from the government or not." , she said.
Menyah-Artivor reminded Kwala that part of the funds from the ODC and NDC could not be transferred without the approval of the Ministry of Finance.
"Nevertheless, for the funds allocated to the projects and programs of this ministry currently managed by the ODC and the NDC, guidance and guidelines on treasury are sought," she added.
Menyah-Artivor warned that "taking charge of [the] The funds allocated by Nida to the Ministry of Industrialization, Trade and SME Development are subject to a Treasury directive.
It is unclear whether the Ministry of Finance has approved the transfer, but some Nida leaders feel that this was not necessary.
Menyah-Artivor declined to comment when he was approached yesterday.
On December 14, 2018, Kwala wrote to Menyah-Artivor about the transfer of all the investments of the two entities.
"All funds held by the government will be transferred to the government when and if necessary," he said.
Tweya said he had not yet been informed of the situation as he had only been back from work on Monday, this week. He denied asking the board to transfer funds to Nida's new bank accounts.
"These are operational issues, but I only hope that the procedures will be followed," he said. The Namibian yesterday.
Kwala confirmed to The Namibian Yesterday, the new industrial agency took over all the assets and accounts held by ODC and NDC.
"Nida took over the accounts of (ODC and NDC). This means that the signers of these accounts have changed. All the obligations are respected, "he repeated.
Menyah-Artivor rejected investment transfer instructions [including the N$120 million] from the ODC to Nida.
In recent months, Nida's board of directors has pulled the strings to revive the new BPS, but this has been accompanied by allegations that it wants to control millions of dollars without having the capacity.
This, for some members of Nida's board of directors, is seen as undermining and rebellious to the board.
The council has appointed another board member, Uparura Kuvare, to manage the new parastatal, which is expected to take off by April this year.
The Namibian also understands that the board was inclined to lay off more than 200 people working at the ODC and NDC in order to employ a new workforce in Nida.
The ODC and the NDC have a lot of properties under their name. The ODC owns business parks or warehouses in Katima Mulilo, Katwitwi and Oshikango, and also builds the Omahenene Business Park in northern Namibia.
There is evidence that the Ministry of Commerce and its clique wanted to tap into NDC funds last year.
The Namibian announced last year that the broken Namibian government wanted to buy a property of 117 million Namibian dollars in Angola from businessman Titus Nakuumba without the blessing of the Ministry of Finance.
Both entities have a history of suspicious transactions. The ODC has lost 100 million Namibian dollars because of dubious investments in the past.
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