Avid saga prompts another call for suspension of Kapia

Avid saga prompts another call for suspension of Kapia

THE Congress of Democrats has called on President Hifikepunye Pohamba “to do the sensible thing” and suspend Paulus Kapia, Deputy Minister of Works.

Kapia has been named as a director in Avid, a company the court wants to probe on the whereabouts of N$30 million in public funds that the Social Security Commission entrusted to the company for investment. In a statement yesterday, the party said it was dismayed and concerned about the saga developing around Avid Investment Corporation.The CoD said the investment deal represented “inappropriate and reckless gambling” with public funds.”For here is a nondescript [and] totally inexperienced company directed by novices entrusted with substantial amounts of public funds.The only thing which the directors of this outfit have in common appears to be their membership of Swapo and that the monies were procured to advance this party,” the CoD said.It alleged the funds seemed to have been obtained dishonestly by using the clout of Swapo.”In the event of these funds having been acquired to benefit the Swapo Party, the accounting, finally, must be done by the relevant organs of this party – be it [the] Swapo Youth League, Swapo Secretary General or any other responsible functionary.We must not allow them to hide behind Deputy Minister Kapia,” the statement said.For the time being, the CoD said, the respectable thing to do would be to suspend Kapia and to dismiss him in the event of any wrongdoing on his part.The party said it hoped Pohamba would not display “feet of clay” but act decisively.”After all, as others have already said, on corruption and good governance it is deeds not words that will be the measure of the political will and Government’s resolve to tackle these issues,” the CoD said.The SSC invested N$30 million through Avid in late January this year for a four-month period.According to the SSC, that was after Kapia had been “applying pressure from higher political authority”, with it being pointed out to the SSC that the Swapo Youth League apparently holds 80 per cent of the shares in Avid.By May 24, the investment period was over and N$31,47 million was supposed to be returned to the SSC.Close to two months later, the money has yet to reappear.In the meantime, though, the SSC claims, it has discovered that the N$30 million, which Avid undertook to invest in South Africa, appears to have found its way to a supposed investment company in Montevideo, Uruguay – or perhaps to a company in Texas, which however indicated in a communication that it had received only N$20 million from Avid to invest.In a statement yesterday, the party said it was dismayed and concerned about the saga developing around Avid Investment Corporation.The CoD said the investment deal represented “inappropriate and reckless gambling” with public funds.”For here is a nondescript [and] totally inexperienced company directed by novices entrusted with substantial amounts of public funds.The only thing which the directors of this outfit have in common appears to be their membership of Swapo and that the monies were procured to advance this party,” the CoD said.It alleged the funds seemed to have been obtained dishonestly by using the clout of Swapo.”In the event of these funds having been acquired to benefit the Swapo Party, the accounting, finally, must be done by the relevant organs of this party – be it [the] Swapo Youth League, Swapo Secretary General or any other responsible functionary.We must not allow them to hide behind Deputy Minister Kapia,” the statement said.For the time being, the CoD said, the respectable thing to do would be to suspend Kapia and to dismiss him in the event of any wrongdoing on his part.The party said it hoped Pohamba would not display “feet of clay” but act decisively.”After all, as others have already said, on corruption and good governance it is deeds not words that will be the measure of the political will and Government’s resolve to tackle these issues,” the CoD said.The SSC invested N$30 million through Avid in late January this year for a four-month period.According to the SSC, that was after Kapia had been “applying pressure from higher political authority”, with it being pointed out to the SSC that the Swapo Youth League apparently holds 80 per cent of the shares in Avid.By May 24, the investment period was over and N$31,47 million was supposed to be returned to the SSC.Close to two months later, the money has yet to reappear.In the meantime, though, the SSC claims, it has discovered that the N$30 million, which Avid undertook to invest in South Africa, appears to have found its way to a supposed investment company in Montevideo, Uruguay – or perhaps to a company in Texas, which however indicated in a communication that it had received only N$20 million from Avid to invest.

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