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Other Articles from The Villager

Warrant of arrest for lawyer charged for stealing millions of dollars

22/05/2018
by Kelvin Chiringa
News

A lawyer, Mervin Kozonguizi (42), who is facing charges of stealing money from deceased estates under his administration failed to appear in the Windhoek Magistrate’s Court yesterday prompting a warrant of arrest to be issued against him.

Kozonguizi absented himself yesterday morning in spite of his lawyers having appeared for him and his bail of N$100 000 was provisionally terminated.

It is the state’s case that Kozonguizi defrauded the Master of High Court by misrepresenting himself as the rightful receiver of funds (N$7.09 million) from the estate of the now late Gustav Tjiuiju.

He allegedly pocketed N$2 million from the estate of the departed Yolandi Beukes. 

This comes hot in the heels of The Villager having reported recently that Justice Minister, Sacky Shanghala alerted parliament of   several cases where executors, which includes admitted legal practitioners transferred monies into their own accounts for their own use.

Shanghala also said it has come to light that many legal practitioners do not pay interest earned on estate monies to the beneficiaries. 

“It is unfortunate to see an increase in these matters and these amendments are measures necessary to safeguard estate monies. Funds need to be paid directly into the account of beneficiaries and creditors with interest earned thereon from the Guardian’s Fund,” he noted. 

The Guardian’s Fund is a fund created to administer funds which are paid to the Master on behalf of various persons known or unknown, such is minors, persons incapable of managing their own affairs, unborn heirs, missing or absent persons or persons having an interest in the money of a Usufructuary (the right to enjoy the use and advantages of another’s property short of the destruction or waste of its substance).

He also revealed that at the moment the Guardian’s Fund administers an estimated N$1.4 billion for more than 40 000 beneficiaries while payments of N$65 million have been made to beneficiaries in the previous financial year.