Letter to Ministry of Justice and Bank of Namibia

PROJECT ONE MILLION VICTIMS WRITES:Dear Mrs. Martha Imalwa,I trust you are well. Firstly, I would like to congratulate you on your reappointment as Prosecutor General and wish you every success.I am writing to you concerning case number HC-MD-CIV-MOT-REV-2019/00397, on behalf of the victims of Project One Million that was inflicted on us by Michael Amushelelo.I would like to bring to your attention that we, the victims feel that we have been subjected to unfair treatment, not to mention the tremendous suffering inflicted upon us. We have written to Bank of Namibia on numerous occasions but it seems like our cries have fallen on deaf ears. All of the responses we have received thus far do not address our situation to any extent.We still do not understand why the Bank of Namibia has decided to freeze Michael Amushelelo's accounts without ordering him to refund our money as it's normally done by the bank when they suspect a pyramid scheme, and inform the public.Last year alone the bank has informed the public on numerous occasions whenever they detected a pyramid scheme and the public will immediately stop investing in it but this was not done in our case. They only froze the accounts without informing us. As a result, most of us are struggling financially. We did not know of, and were not part of any alleged fraudulent or money laundering activities with which Amushelelo and Cloete were charged.It has been a year and five months, and we have run out of the little funds we had saved and have nothing to live on anymore. Our dreams have been permanently put on hold, and our dependents are suffering.More than 200 victims and possible 600 family members or more are suffering as a result of this issue. It is not fair for us to be punished. Even in light of the Covid-19 pandemic, which led to the loss of many jobs, the bank still sees it fit to hold our money instead of ordering that it be returned to us.So many futures have been jeopardised and most of our families are at the verge of going to bed hungry as we have to pay back bank loans for money which was taken from us.A fair share of the investors had to relocate to the informal settlements as they are no longer able to afford decent rental places. Mental health problems are even catching up with us. This is really difficult to take.To us, this is an indication that the bank is not operating to the benefit of the general public and sees it fit to inflict punishment on the very same public it is claiming to protect.We are duly aware that all power vests in your office and we trust you will attend to our matter, by requesting the bank to refund our money so that we can help ourselves and families in this difficult economic times.We are looking forward to your favourable response.

Letter to Ministry of Justice and Bank of Namibia

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Republikein 2026-02-04

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Letter to Ministry of Justice and Bank of Namibia

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Republikein 2026-02-04

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