On 29 June 2015, The Namibian carried a story under the heading “Geingob’s unexplained cash”. The story was a result of questions sent to President Hage Geingob shortly after he publicly declared his assets. It took the President more than a month to answer the set of questions we had asked him. When we submitted follow-up queries, among them the need for clarity on the work he did for HG Consultancy, he failed to answer them, but instead chose to release our first set of questions as well as his answers through social media. The Namibian wanted further clarity on the reason why almost half of Geingob’s N$51 million asset base was in cash and similar liquid form. Less than 10 years prior, Geingob was reported as having defaulted on the payment of basic bills such as those for municipal services of more than N$300 000, and this was the basis for us asking for more clarity. In his answers, Geingob confirmed that he had earned the equivalent of N$3 million from consultancy work in the Uramin-Areva deal, but added that he had given away N$2 million to two unnamed South Africans, who had allegedly introduced him to the controversial transaction. Our questions were influenced by the fact that already then, we had come across information that French state-owned nuclear power producer, Areva, not only paid too much, but that bribery and kickbacks of several sorts were involved in the deal, and that investigations were ongoing.
The Namibian 13th April 2018 read more »