Police have arrested 108 people, 88 of whom are students, in what is described as a major breakthrough in their fight against financial crime.
The suspects are likely to face charges of human trafficking, money laundering, fraud, and tax evasion.
NamPol's top command revealed this at a media briefing in Windhoek this afternoon.
Swakopmund-based West Side High School is marred by allegations of fraud and theft.
A female teacher is currently out on bail of N$20,000, and an additional two arrests are expected to be executed this week by the Namibian Police.
A criminal case of theft has been opened against a Grade 11 teacher at the school after she allegedly embezzled about N$30,000, which was meant for the learners' Matric jackets.
A group of coastal journalists who were attacked by fraud suspect Immanuel Nowaseb has opened a case of assault against him.
In a video captured by the victims, Nowaseb could be seen repeatedly hitting the correspondents who were assigned to cover his first court appearance at Walvis Bay with a book.
The 40-year-old Nowaseb is facing 15 counts of fraud and, alternatively, money laundering.
The Bank of Namibia (BoN) has refuted allegations of a fraud case involving N$60 billion that was allegedly stolen from Credit Union Namibia (CUN).
In a statement made available to the media on Thursday, BoN said that according to the information available, at no point was such an amount transferred or deposited by any entity or individuals associated with CUN in the banking system in Namibia.
The Omusati Police is investigating a case of fraud after a male senior pastor of ELCIN in the Western Diocese of the Nakayale Parish in Outapi, allegedly defrauded the church of N$3.4 million.
The money, which is said to have been embezzled over three months, has not yet been recovered and the suspect who is known is yet to be arrested.
The Omusati Regional Commander, Commissioner Ismael Basson told nbc News that the suspect will face a case of theft, fraud, and corruption.
Oshana Police Regional Commander, Commissioner Naftal Sakaria, has cautioned businesses to ensure they double-check payments and confirm the availability of funds in their accounts before releasing goods.
His caution comes in the wake of an increase in fraudulent cases reported in the region, where a syndicate is believed to be swindling businesses through dubious means.
Three men were arrested this week after a successful sting operation by Ondangwa Police, who intercepted their dealings.
