NAMFISA orders payment of N$200 million to customers following complaints

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The Namibia Financial Institutions Supervisory Authority (NAMFISA) has ordered the payment of N$200 million to customers following complaints.

NAMFISA's Manager for Corporate Communications and Consumer Education, Victoria Muranda, explained that the regulator received complaints largely attributed to the delays in the non-payment of pension benefit claims, repudiation of funeral claims, long-term and short-term insurance, pension funds, microlending, and credit agreements.