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The Bank of Namibia has declined to comment on the alleged N$60 billion theft case currently being investigated by the Namibian Police. Instead, after being approached for comment on the alleged theft, BoN Director of Communications Kazembire Zemburuka directed nbc News to the Namibian Police.

"The matter is in the domain of law enforcement. All inquiries should be directed to the Namibian Police," read the online reply authored by Zemburuka.

On Wednesday, the Namibian police issued a report, in which it stated that Credit Union Namibia was defrauded of N$60 billion.

The money was meant for investors, the police report stated.

The police provided no further information on who the investors are or if the alleged fraud was done electronically.

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Emil Seibeb