PRESS RELEASE

JOSEA FEARS FOR HIS LIFE



Namangol Investments Chief Executive Officer and AVID-SSC scam suspect Nico Josea (45) lives in fear for his life. Josea told NSHR yesterday that wherever he goes, people are telling him to “be careful that the Old man would kill you”. Josea says the term “the Old man” is a direct reference to former President Dr. Sam Nujoma. Hence, he says, he has conscientiously developed a feeling that certain people out there who are acting in the name and or on behalf of either the former President and or former SWAPO Party Youth Secretary General Paulus Kapia might really want to have him assassinated before, on or shortly after April 18 2008, when he is expected to appear in court over the AVID-SSC scam.



Josea also told NSHR that he believes that both Kapia and the former President might have fear or suspicion that, as a friend-in-business of the late Avid Investments Corporation Chief Executive Officer Lazarus Kandara, Josea might have acquired considerable information which might implicate them in the AVID-SSC affair.



On August 24 2005 Kandara, often referred to as the AVID scam kingpin, apparently committed suicide only hours after being arrested in the High Court. The late Kandara allegedly shot himself through the heart at pointblank range with his own gun while in Police custody meters from the main entrance of the Windhoek Police precinct. Josea said he will never commit suicide!



Josea claims that, although he has never communicated or dealt directly either with Kapia and or with Nujoma over the N$30 million loan from the Social Security Commission (SSC), he has been dealing directly with the late Kandara who in turn was directly in contact with Kapia who has been in direct contact with Dr. Nujoma over the multimillion AVID-SSC investment.



Josea is one of the main suspects in the AVID-SSC scam case. According to media reports, Josea suffered a double setback in a High Court judgment delivered by Judge President Petrus Damaseb on January 15 2008. The Judge President reportedly arrived at “some damaging findings” concerning the role that Josea played in the windy financial transactions that followed on the N$30 million SSC investment in January 2005.



Judge President Damaseb reportedly recounted in his judgment that, after the SSC had transferred N$30 million to an AVID bank account on January 26 2005 on the understanding that this money was to be invested by AVID for a four-month period, N$29.5 million was transferred from the AVID account to a Namangol account two days later.



Josea was granted bail of N$30 000 in the Windhoek Magistrate's Court on November 1 2005.



NSHR has strongly advised Josea to approach the Namibian Police and seek protection of that national law enforcement authority.



For further information please call: Dorkas Phillemon or Phil ya Nangoloh at Tel: +264 61 236 183 or +264 61 253 447 (during office hours) or Mobile: +264 811 299 886 (Phil) or +264 811 299 641 (Dorkas)