Namibia has been warned against the inherent risks associated with developments in the oil and gas sector and the emergence of the green hydrogen sector and to remain vigilant.

The risks associated with the emerging opportunities, among others, are illicit financial flows, money laundering, corruption, and terrorism financing.

The Governor of the Bank of Namibia, Johannes !Gawaxab, sounded the warning at the launch of the Financial Intelligence Centre Annual Report.

The Forum for German-speaking Namibians says the late President Hage Geingob must be credited for his efforts to restore investor confidence.

The Forum, in a message of condolences, says President Geingob was personally responsible for international multinational companies in the green hydrogen and oil and gas sectors in Namibia.

It also says the late President preferred to be President for all and requested all Namibians to take up their rightful places in the Namibian House.