BANK Windhoek is fully cooperating with police in the ongoing investigation into the alleged theft of N$200 million involving one of its employees at the Opuwo branch.

Managing director Baronice Hans said in a statement issued late on Monday the potential loss is less than N$2 million “thanks to vigilant staff action and robust systems and controls within Bank Windhoek”. 

“No customer funds have been affected in any way by this incident,” she added.

The employee, Nico Hijendepi Rebebe (30), is still on the run following the unlawful transfer of N$200 million to two different accounts (N$100 million each) on Saturday at about 11h00 at Bank Windhoek, Opuwo branch.

Hans said the bank remains steadfast in its commitment to transparency and will release additional information as soon as it becomes available without compromising the integrity of the ongoing investigations.

She reassured the bank’s customers and stakeholders that appropriate measures are being taken to address the situation, adding that they remain unwavering in their dedication to upholding the highest standards of security and integrity.