Namfisa investigates financial advisory firm over N$250 million client losses
The Namibia Financial Institutions Supervisory Authority is investigating Wealth Management Solutions, owned by Hanjo Schlabitz, over losses of at least N$250 million belonging to clients, mostly pensioners and families. The liquidator estimates total losses may reach N$350 million, with 87 people and two organisations claiming as creditors, after Schlabitz allegedly used money market funds to cover failed foreign exchange investments.
14 July 2026 · The Namibian →