Geingob and First Lady declare assets today

20 May 2015 09:30am
WINDHOEK, 20 MAY (NAMPA) - President Hage Geingob and First Lady Monica Geingos will this afternoon publicly declare all their personal assets for the sake of transparency.
The announcement is scheduled for 15h00 at State House.
The declaration of assets was supposed to be made public in the second week of this month but according to reports, the process took longer than anticipated.
During his maiden State of the Nation Address (SoNA) last month, the president attributed the move to the prevention of undue benefits accrued by public officials and to avoid conflict of interest.
Although the law does not require the Head of State to disclose his personal assets, Geingob said he feels obliged to do so.
“These disclosures will be made in line with the belief that transparency starts at the top. I am deeply convinced that accountability, transparency and inclusive leadership are for sustained socio-economic development and the improvement of the lives of all the people,” he said in his SoNA.
Geingob has thus engaged PricewaterhouseCoopers Tax and Advisory Services (PWC) to assist him with an independent assessment of his assets.
PWC was also instructed to assist the president to prepare a financial disclosure report, which he will present to the public.
Geingob said he will also release his medical health reports for public scrutiny.
For the sake of consistency, he said, the First Lady will also disclose her personal assets, despite no legal requirement for her to do so.
(NAMPA)
MMT/CT/LI