Naomi Campbell, 54, sets pulses racing in a daring Dolce & Gabbana black lace bra as she graces the cover of V Magazine for the fourth time

Naomi Campbell looked stunning as she showed off her supermodel figure in a striking new photoshoot.

The 54-year-old showed off her age-defying looks on the cover of V Magazine’s Winter 2024 issue as she posed in a black lace bra from Dolce & Gabbana.

Naomi paired the look with a cropped blazer and black pants for the fashion shoot.

The model added a black statement fascinator with a small veil and shot the camera in a smoldering pose.

In another sizzling photo, Naomi opted for a black sheer long-sleeved blouse with feather details and a black maxi chiffon skirt

The supermodel proved she still has what it takes to grace the cover of a magazine

The beauty completed her look with black leather gloves as she struck a powerful pose for a windswept look.

Starring on two special covers captured by photographer Sølve Sundsbø and styled by Gro Curtis in Dolce & Gabbana and Dolce & Gabbana Beauty, Naomi kicks off the winter season in serious style.

One of the covers also features an extremely rare ‘couture’ edition with embroidered lace from the Dolce & Gabbana ateliers, limited to 25 copies worldwide.

The photoshoot comes after Naomi admitted failure at her charity Fashion for Relief, but denied wrongdoing.

The beauty was banned from being a charity trustee for five years last month after an investigation found she instead used money raised for charities on spa treatments and cigarettes.

She founded Fashion For Relief in 2005, with the aim of raising money for humanitarian causes by organizing fashion shows, but the charity was removed from the UK list of charities this year.

An investigation into the organization published by the Charity Commission revealed multiple cases of misconduct and mismanagement, and the commission said it was banning Campbell and two others from trusteeship as a result.

Naomi revealed she had tasked new advisers to investigate what was happening at her charity Fashion for Relief.

The beauty set pulsates as she dons a black lace bra under a cropped blazer and black trousers for the fashion shoot

She added a black statement fascinator with a small veil and shot a smoldering look at the camera

In another sizzling photo, Naomi opted for a black sheer long-sleeved blouse with feather details and a black maxi chiffon skirt

Naomi completed her look with black leather gloves as she struck a powerful pose for the windswept look

The model said the Charity Commission report was ‘incomplete and misleading in their assessment of evidence’.

The watchdog alleged there was serious mismanagement of funds including hotel stays and spa treatments.

Details emerged that the organization had spent £12,000 on a flight to Nice to hand over art and jewellery, and spent £7,800 on a luxury hotel stay for the model.

The Charity Commission also found that of the £4.8 million Fashion For Relief raised between 2016 and 2022, only £389,000 was donated to charity.

Research found that between April 2016 and July 2022, only 8.5 percent of the charity’s total expenditure went to charitable grants.

Naomi was one of three trustees disqualified as a result of the investigation.

Starring two special covers, captured by photographer Sølve Sundsbø and styled by Gro Curtis in Dolce & Gabbana and Dolce & Gabbana Beauty

One of the covers also features an extremely rare ‘couture’ edition with embroidered lace from the Dolce&Gabbana ateliers, of which only 25 copies are available worldwide.

“First and foremost, I acknowledge that, as the face of Fashion for Relief, I am ultimately responsible for its conduct,” she said in a statement.

‘Unfortunately, I was not involved in the day-to-day running of the organization and I entrusted the legal and operational management to others.’

‘I would like to reassure everyone who has supported us that these findings are being taken very seriously.’

“I have instructed new advisers to conduct a detailed investigation into what happened.”

Naomi insisted that she “never received compensation for my participation in Fashion for Relief, nor did I bill the organization for any personal expenses.”

“I have dedicated nearly thirty years of my life to charitable initiatives, and I care deeply about the value and impact of the work I do,” she said.

Naomi pictured at Cannes in 2018 when her organization Fashion for Relief spent £7,800 on a three-night luxury hotel stay

‘I normally link my charity work to paid assignments, which cover my travel and related costs.’

‘In cases where this is not possible, myself or personal friends have covered the costs.’

‘Regarding the specific hotel costs identified in the report, the hotel has confirmed that all costs were paid by my personal travel agent, who in turn verified that they were reimbursed directly by a third party not affiliated with the foundation. ‘

Naomi said she plans to consider all options, including filing an appeal, to ensure the report “provides a fair and accurate representation of our activities.”

“We believe that certain aspects of the report are deeply flawed,” she added.