The Bank of Namibia has urged members of the public to be cautious when they are invited to take part in “lucrative” financial schemes that promise high returns in a short time as they risk losing their money in the process. The Namibian newspaper reports that this comes after about 16 individuals claimed to have been duped in a foreign currency trading scam by one man. BoN spokesperson, Kazembire Zemburuka said anyone defrauded of their money should report the crime to the police and also to the bank to exercise its powers under the Banking Institutions Act, or relevant laws where applicable.