Namfisa closes NovaNam Pension Fund probe

The Namibia Financial Institutions Supervisory Authority (Namfisa) has closed its investigation into the NovaNam Pension Fund fraud in which hundreds of workers were scammed out of their pension money.
The investigation confirmed that there were irregularities in the manner in which benefits were paid out by the NovaNam Pension Fund, as some members did not receive what was due to them.
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