… Erongo Petroleum CC is owned by businessman Austin Elindi, who is also a shareholder in the controversial military fuel supply entity Enercon. …
Namcor sues to close military fuel suppliers over N$380 millionNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Person
Austin Elindi
Also known as: Elindi
Director of fuel companies accused of defrauding Namcor of millions; granted N$50,000 bail in April 2026 after eight months in custody.
In coverage
Verbatim sentences from the source article.
- July 2024
- August 2023
… Enercon Namibia is owned by brothers Peter and Malakia Elindi, as well as the NDF’s business wing, August 26 Holdings. …
Namcor probes botched N$60m military oil dea
Politics
Twenty Namcor fraud and money laundering accused plead not guilty
The News
Twenty accused persons including former Namcor executives and businessmen appeared in Windhoek Magistrate's Court and pleaded not guilty to fraud, corruption, and money laundering charges ranging from one to 75 counts. The matter was postponed to 28 October 2026 pending the Prosecutor General's decision on whether to proceed to trial; the accused were arrested in July 2025 following allegations they defrauded Namcor of over N$400 million.
Why it matters
Twenty individuals and companies accused of defrauding Namcor of over N$400 million have pleaded not guilty, setting the stage for a high-profile trial that will test accountability in Namibia's state-owned petroleum sector. The case involves allegations of systemic abuse of credit policies and the sale of assets that already belonged to the government, striking at the heart of public resource management.
21 April 2026 · Informanté →
Tuesday 21 April
Twenty Namcor fraud and money laundering accused plead not guilty
Twenty accused persons including former Namcor executives and businessmen appeared in Windhoek Magistrate's Court and pleaded not guilty to fraud, corruption, and money laundering charges ranging from one to 75 counts. The matter was postponed to 28 October 2026 pending the Prosecutor General's decision on whether to proceed to trial; the accused were arrested in July 2025 following allegations they defrauded Namcor of over N$400 million.
21 April 2026 · Informanté →
Sunday 12 April
Last Namcor fraud accused Austin Elindi granted N$50,000 bail
Austin Elindi, director of fuel companies alleged to have defrauded the National Petroleum Corporation of Namibia (Namcor) of millions of namibian dollars, was granted bail in the Windhoek Magistrate's Court after spending more than eight months in custody. He is the last of 14 accused persons in the case to be released on bail and faces charges including fraud, corruption, and money laundering related to fuel sales and unpaid credits.
12 April 2026 · The Namibian →
Friday 10 April
Namcor fraud suspect Austin Elindi granted N$50,000 bail
Businessman Austin Elindi, accused in a National Petroleum Corporation corruption case involving bribes and fraudulent fuel deliveries, was granted bail of N$50,000 in Windhoek Magistrate's Court on Thursday, after nearly nine months in custody since his July 2025 arrest by the Anti-Corruption Commission. Elindi must report to the ACC office twice weekly, surrender travel documents, and remain in the Windhoek district pending his next court appearance on 21 April.
10 April 2026 · The Namibian →
Sunday 22 March
Fourteen Namcor fraud accused to plead in April 2025
Fourteen individuals charged with fraud and corruption at the National Petroleum Corporation of Namibia are scheduled to plead on 21 April after the Windhoek Magistrate's Court postponed their case yesterday to allow further investigations and state preparation. The accused are alleged to have been involved in fraudulent transactions including the sale of filling station assets to a Namcor subsidiary for N$53.2 million and credit limit breaches with fuel companies.
22 March 2026 · The Namibian →
Friday 20 March
Namcor fraud trial postponed to April 2026 for plea hearing
Magistrate Olga Maharukua postponed the fraud, money laundering, and corruption trial involving the National Petroleum Corporation of Namibia to 21 April 2026 for a Section 119 plea hearing. The state prosecutor requested additional time to complete investigations, amend charges, and resolve tax evasion issues with NamRA, though defence lawyers opposed the postponement, arguing investigations should have been finalised at a previous remand.
20 March 2026 · Informanté →
Friday 13 February
Nandago had no signatory rights to Erongo Petroleum accounts
In a High Court bail appeal, the defence lawyer for Leo Nandago—one of five accused in a multi-million fraud and corruption case involving Namcor—argues that his client had no signatory rights to Erongo Petroleum's accounts and therefore could not have made the N$500,000 transfer alleged by the State. The lawyer contends that power of attorney rested with another accused, Austin Elindi, and that the magistrate failed to properly consider the merits of each case.
13 February 2026 · Informanté →