Sport 

view all

 Entertainment 

view all

 Business 

view all

China slowdown's impact on Namibia

Photo: WEF

China, the world's second largest economy, has been undergoing an economic slowdown that is likely to persist until the end of the year, and Namibia is affected too.


Poll

View older polls

    Results so far:

      Woman loses N$1,7m to foreign businessman

      by

      Photo: Contributed

      • SONJA SMITH and ELIASER NDEYANALE

      BUSINESSMAN Kealeboga Gift Mogapi (47), who is based in South Africa and Botswana, allegedly defrauded a Namibian woman of a N$1,7 million inheritance from her mother.

      High Court documents filed in January show that Justina Asino (24) received the money as a pension payout, following the death of her mother, Eva-Liisa Shipuata, in May 2021.

      Asino's father is Mikka Asino, former president Sam Nujoma's nephew. Court documents show it all started in August last year when Asino started working as an administrative officer at RRA Funeral Services – a company owned by Mogapi.

      “I mentioned to Mogapi that I am expecting a pension payout from my mother's pension, being the only child and the only heir. Mogapi then advised me to invest in his insurance company by buying shares,” Asino said in an affidavit filed in January.

      After this, Mogapi allegedly convened a meetiong with Asino and other RRA employees during which he told them each share costs N$100 000.

      Mogapi allegedly advised Asino to buy two shares, promising her that her investment would grow.

      He allegedly said he planned to open a coffin manufacturing company at Andimba Toivo ya Toivo Airport at Ondangwa to expand his business.

      In addition, Asino would become a director of the company.

      “The pension was paid in the amount of N$1,7 million on 30 September 2021. I informed Mogapi, and he requested that I do an electronic fund transfer of N$200 000 to a bank account. He provided details for the two shares,” Asino said in court papers.

      The payment was made from Asino's Standard Bank account on 4 October 2021.

      Mogapi, Asino said, advised her to transfer the remaining N$1,5 million to his company's South African account, with the intention of eventually investing N$1 million offshore.

      At this stage, Asino thought she would still be able to access the money to pay off her late mother's debts.

      She wanted to settle a revolving loan account and a mortgage her mother had with FNB Namibia.

      She also wanted to pay off rent arrears, including water and electricity, and other costs related to a property at Oranjemund.

      “While at the bank, Mogapi requested that I close my bank account. He continued to advise that he would be my mentor, business partner and financial adviser,” Asino said in her affidavit.

      “He said I should not inform my family as he would ultimately sit them down to clarify what we had discussed.”

      Asino could not be reached for comment on Monday.

      However, her lawyer, Norman Tjombe, said he is confident the money would be recovered.

      “We are confident we will recover the monies,” he said.

      He said the last time Asino spoke to Mogapi was in October when he left for South Africa.

      At the time, he promised to return soon.

      Tjombe said Asino regrets giving Mogapi access to her inheritance.

      “Had she known it was just a scam, she would not have parted with money,” he said.

      Asino's uncle, Leonard Shipuata, who opened a case of misappropriation of funds against Mogapi, refused to comment on the matter this week, saying the family fears that Mogapi would run away and would not be arrested if The Namibian published the story.

      PROMISES

      Mogapi was operating his businesses from a flat near Maerua Mall.

      Asino said she never received shares in the company.

      “I am unaware of financial matters, particularly financial investments. I trusted Mogapi as a businessman and my employer. He appeared to be knowledgeable about financial investments, and I took his word for it,” she said.

      “It is only after my family enquired about the money I received from my mother's pension fund to settle the funeral debts, I was made aware that Mr Mogapi may have deceived me when he took my money.”

      SPENDING SPREE

      A criminal case was opened against Mogapi in November last year.

      He allegedly went on a spending spree using Asino's money.

      According to investigative officer Franz Job of the police's commercial crime unit, Mogapi used the money to buy and pay for his personal and business expenses.

      He allegedly spent N$690 000 on a white Mercedes Benz GL63 AMG.

      The car was bought in cash in Gauteng, South Africa.

      He reportedly spent N$16 790 on a Samsung phone and three laptops at Home Corp in Windhoek. Then he dropped another N$9 990 at an iStore, and N$24 000 on new tyres.

      He travelled to South Africa in October last year and has never returned. There, he spent N$85 000 at Incredible Connection.

      “Before Mogapi left for South Africa, he told her [Asino] he was going to South Africa to enquire about his business permit since he does not have one to operate in Namibia,” Job said in his affidavit.

      Job said his investigation shows on 30 September 2021 Asino received N$1,7 million in her Standard Bank account of which a payment of N$200 000 was made from her account with the reference 'Uiliko Asino Investment' three days later.

      He said several withdrawals totalling N$1,7 million were made from Mogapi's business account between 5 and 14 October last year.

      “By 2 November 2021, the account only had a balance of N$207,” Job said.

      Job said Asino's money was used to fund Mogapi's business, including paying salaries.

      'PROCEEDS OF CRIME'

      Prosecutor general Martha Imalwa sought to confiscate Mogapi's property in November under the Prevention of Organised Crime Act (Poca).

      She declined to comment on the case this week.

      Imalwa's move came after Asino and Tjombe applied for an intervention.

      In her affidavit, Imalwa accused Mogapi of fraud, alternatively theft under false pretences and money laundering.

      She also submitted that Mogapi's properties be seized and placed under the custody of police detective inspector Johan Green.

      “Or any other authorised member of Nampol to seize and exercise control over the properties for the purposes of this order to administer and to do all things necessary for that purpose and to safeguard it, pending the finalisation of the forfeiture proceeding under Poca,” Imalwa said.

      The High Court last month allowed Mogapi's assets to be forfeited to the state.

      The court also ordered that the remainder of the money in Mogapi's accounts be paid to Asino.

      Mogapi is not new to controversy.

      In 2014, the Sunday Standard reported that a Botswana football club, Notwane, dragged Mogapi's company GMG Holdings to court to prevent him from receiving broadcast rights money.

      Mogapi could not be reached for comment.

      He has not defended the case.


      Today's ePaper [click to subscribe]


      Most Viewed Articles


      Editorials



      Video

      view all

      Cartoons