Bank Windhoek’s managing director, Baronice Hans, has stated that the potential loss following an alleged N$200 million theft by an employee is less than N$2 million. Although the incident has garnered attention, Hans reassured the public that no customer funds have been affected. The bank has attributed the minimized loss to the vigilance of its staff and the resilience of its systems and controls.
In response to the theft, Bank Windhoek has taken swift action to recover some of the stolen funds and is actively collaborating with law enforcement authorities in their ongoing investigation. Hans emphasized the bank’s commitment to transparency and pledged to release further details as the situation unfolds, without compromising the integrity of the investigation.
The incident came to light as the police reported that the suspect, Nico Rebebe, allegedly transferred the stolen funds into two bank accounts without the necessary authorization. Consequently, the police have issued a wanted notice for Rebebe, heightening the urgency of the ongoing investigation.
Amidst the ongoing developments, Bank Windhoek has assured that it is implementing necessary measures to address the situation and will provide updates to the public in due course. As the story continues to unfold, the bank remains resolute in upholding its dedication to transparency and accountability.
