Minister of finance Ericah Shafudah has clarified reports about the alleged N$65 million missing from Namibia Post Limited (NamPost), describing them as misleading.
She was responding to questions by Independent Patriots for Change parliamentarian Lilian Lutuhezi in the National Assembly last Thursday.
This follows reports that N$65 million in social grant funds handled by NamPost allegedly went missing or were not refunded to the state between 2009 and 2018.
“I want to inform this august House that the statement was misleading. NamPost is very clear in the way it accounts for the money it manages.
When beneficiaries do not come for a particular month to get their payments, it is put into a particular account until a beneficiary comes to claim it, provided they exist.
“There’s a period of reconciling the information at NamPost and the Ministry of Gender Equality and Child Welfare at the time. It so happened that at the end of the period of the contract between NamPost and the ministry of gender, there was an amount that beneficiaries didn’t claim,” she explained.
After both parties did a reconciliation, the funds amounted to N$93 million, which was paid into the statutory fund.
Shafudah clarified that the money never went missing, but it was a matter of a pending reconciliation between the ministry of gender and NamPost. Once it was completed, the funds were deposited into the statutory fund.
Statutory funds are commonly used by governments to finance specific public services, projects, or to fulfil legal obligations. They are, for instance, used by life insurers to hold assets specifically for policyholder liabilities.
Shafudah urged beneficiaries who have not received their payments to approach NamPost or provide their names for further assistance.
“NamPost keeps updating me when beneficiaries have not claimed their funds. We are standing now at N$58 million not claimed and we do not
know if these people are truly beneficiaries or not because since October 2025, they have not gone to claim their payments,” she said.
She advised beneficiaries to come forth and claim their money.
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