The court hearing this week into the dealings of Avid investments, a black economic empowerment company has revealed that financial greed appeared to have been the main motto of those responsible to invest N$ 30 million obtained form the Social Security Commission (SSC). The word ‘avid’ derives from the latin word aveo, which means ‘to crave’ or to be greedy. Several cash cheques were issued for half a million dollars and several hundred thousand by Nico Josea and cashed by his brother Benedictus (=The Blessed One). Nico Josea’s company Namangol investments was tasked by Lazarus Kandara the so-called CEO of Avid Investments, to transfer N$ 29,5 million. But Kandara who cashed millions as commission for SSC deals, was never appointed as CEO of Avid, although he signed in such ‘capacity’. He seems to be in South Africa now. The SSC lawyers now had Nico Josea arrested, his company placed under provisional liquidation and his own estate sequestrated. On Wednesday, Paulus Kapia, leader of the Swapo youth league and deputy works minister on leave, had to testify. Kapia appeared not to know too much of the goings on at Avid, although he was one of its directors. "I never heard of Namangol Investments", he told Acting Judge Raymond Heathcote, drawing waves of laughter form the packed courtroom. The photo shows Kapia (L) with his close friend Eliah Ngurare (R) in the High Court. Photo: Brigitte Weidlich