Businessman denies receiving N$148 million loan
Benjamin Hauwanga claims he never accessed funds despite signing loan agreements for Bank Windhoek money.
Businessman Benjamin Hauwanga stated he never received or used N$148 million from a Bank Windhoek loan, despite signing agreements in June 2024. Hauwanga claims he does not know who operated the account where the money was allegedly transferred. He became aware of the account only after seeking a bank statement on October 30, 2026, which showed transactions from June 2024.
A court order requires Hauwanga, his wife Mirjam, and five businesses to repay over N$137 million. Bank Windhoek's head of legal collections, Athalia Wallace, stated the bank advanced N$148.9 million under loan agreements signed between May and June 2024. Wallace noted that Hauwanga and his businesses missed court deadlines and failed to appoint new lawyers.
Hauwanga reported the matter to the police and requested an investigation by the Bank of Namibia, citing damage to his reputation. He has asked the bank for documents explaining the account and its transactions. The loan agreement specified a five-year repayment period for the funds transferred on June 12, 2024.
Why it mattersBenjamin Hauwanga and his businesses are being sued for over N$137 million in loan repayments he claims he never received.