SME Bank was never a 'Hage project': Geingob

31 Jul 2017 18:50pm
WINDHOEK, 31 JUL (NAMPA) - President Hage Geingob on Monday refuted allegations that the Small Medium Enterprises (SME) Bank is a ‘Hage project’.
Speaking at a media conference at State House, Geingob explained that the bank was as a result of a Cabinet resolution to convert the former credit guarantee scheme into an SME bank.
“Since the matter resorted under the then Ministry of Trade and Industry and I was the minister, I swiftly attended to the execution of the resolution,” said Geingob about the portfolio he held during the administration of former President Hifikepunye Pohamba.
He said right throughout his political career he had always dedicated himself fully to executing assignments entrusted to him.
He recalled being sent to the United Nations (UN) at the age of 22 to deliver a petition on Namibia’s independence, and when he was tasked to establish the UN Institute for Namibia in Lusaka, Zambia.
Geingob also remembered how he tackled his assignment as chairperson of the Constituent Assembly which led to his late friend, Hidipo Hamutenya, remarking that whenever he was given a task, he always put his heart and soul into his assignments.
“Indeed I am very passionate when undertaking service and it was with this same passion and vigour that I approached the SME Bank when tasked to do so by Cabinet.”
He further pointed out that Government did not intervene in actions taken by the Bank of Namibia against the SME Bank, because the matter had become sub judice.
Geingob also assured the nation that ongoing and new cases of alleged corruption or wrong doing such as the Avid/Social Security Commission case, the Offshore Development Company issue, Development Capital Portfolio at the Government Institutions’ Pension Fund, and KORA music awards cases were being investigated.
The Ministry of Public Owned Enterprises was assigned to investigate allegations regarding wrong doings at the Namibia Diamond Company and others.
“The Namibian government has never turned a blind eye to wrong doings and all these cases are attended to and follow due process of the law,” said Geingob.
(NAMPA)
LD/EKM/ND