Also known as: Eco Trading CC
Eco Trading — company owned by fugitive Victor Malima, implicated in N$400 million Namcor fraud and corruption case involving irregular fuel facility transactions.
Verbatim sentences from the source article.
The Namibian
… Malima’s Eco Trading CC owes Bank Windhoek N$2.9 million, a debt that started accumulating when Malima allegedly fled to Angola last July to avoid prosecution. …
Namcor fugitive Victor Malima’s n$2m Merc in bank’s sightsInformanté
… It is alleged that Handjene, via his company, received an amount of N$1.2 million on 21 July 2022, which was forwarded by Eco Trading CC, owned by fugitive Victor Malima. …
New suspect joins NAMCOR fraud caseThe Namibian
… The car was allegedly given to Mulunga by Victor Malima, a member of the close corporation Eco Trading, as a reward for Mulunga facilitating the Enercon filling station transaction and the supply of fuel to Enercon and the close corporation Erongo Petroleum without payment having …
Windhoek court hears not-guilty pleas in Namcor corruption trialThe Namibian
… In the charges against them, the state is alleging that they each held a 50% interest in the close corporation Eco Fuel Investment when it received a payment of N$1.5 million from the close corporation Eco Trading between July 2022 and November 2023. …
Fugitive Malima’s mother, aunt get bail in Namcor caseNew Era
… They claimed they did not actively acquire or distribute funds through Eco Fuel Investment or Eco Trading. …
Three granted bail in oil-rotInformanté
… Malima’s poisoned chalice has led to the arrest of 14 individuals in the Namcor case after funds from Malima’s entities, Eco Trading and Eco Fuel Investment, forwarded millions of dollars to different entities linked to the accused. …
Malima’s mother washes hands clean of son’s sinsThe Namibian
… In the charges against Antindi and Mundjego, the state is alleging that they each held a 50% interest in the close corporation Eco Fuel Investment when it received a payment of N$1.5 million from the close corporation Eco Trading between July 2022 and November 2023. …
Fugitive Malima’s mother charged over N$1.5m paymentNew Era
… The State alleges, in respect to Antindi, that between 19 July 2022 to November 2023, she, as a representative holding a 50% interest of Eco Fuel Investment CC, received N$1.5 million from Eco Trading CC. …
Malima’s poisoned chalice …mother implicated in oil-rot sagaInformanté
… It is alleged that between 19 July 2022 and November 2023, at or near Windhoek, Antindi, as a representative which held 50% interest in Eco Fuel Investment CC, received a total amount of N$1.5 million which was paid into Eco Trading, which was proceeds of illegal activity, to wit …
Fugitive Malima's mother and aunt appear in courtThe Namibian
… Cross-examining Elindi yesterday, state advocate Basson Lilungwe questioned him about a bank statement showing that after Namcor had paid a total amount of N$53.2 million to Enercon, N$9.5 million was paid from an account of Enercon to an account of Eco Trading CC, a close corpor …
Namcor fraud accused denies bribery claimsBank Windhoek is seeking to seize a N$2-million Mercedes-Benz owned by Victor Malima's company Eco Trading CC, which owes the bank N$2.9 million. Malima, a fugitive wanted for his role in the Namcor corruption scandal, allegedly fled to Angola in July and has defaulted on payments since August.
12 hours ago · The Namibian →
Bank Windhoek is seeking to seize a N$2-million Mercedes-Benz owned by Victor Malima's company Eco Trading CC, which owes the bank N$2.9 million. Malima, a fugitive wanted for his role in the Namcor corruption scandal, allegedly fled to Angola in July and has defaulted on payments since August.
12 hours ago · The Namibian →
Semeon Nangolo Handjene and his company Oshali Fuel Centre CC have been added as accused 21 and 22 in the NAMCOR fraud and corruption case. Handjene is charged with theft, money laundering, and contravening the Anti-Corruption Act; he allegedly received N$1.2 million via his company on 21 July 2022 from Eco Trading CC, owned by fugitive Victor Malima, in connection with fraud linked to fuel storage facilities sold to NAMCOR.
29 April 2026 · Informanté →
Fourteen individuals and six corporate entities pleaded not guilty to 75 fraud and corruption charges in the Windhoek Magistrate's Court, with allegations including a N$53.2 million filling station transaction and N$331 million in unpaid fuel supplied to three entities. The case was postponed to 28 October pending a prosecutor general decision.
22 April 2026 · The Namibian →
Two women arrested in connection with alleged fraud and corruption at Namcor have been granted bail of N$50,000 each. Martha Antindi and her sister Johanna Mundjego deny active involvement in the movement of funds and claim they delegated all operational responsibilities to Antindi's son Victor Malima, who remains a fugitive.
24 February 2026 · The Namibian →
A former bank employee and two relatives of fugitive Victor Malema were granted bail of N$50,000 each in connection with alleged fraud and corruption at the National Petroleum Corporation of Namibia (Namcor). The three must report weekly to authorities and face charges including forgery, money laundering, and theft; six accused in the matter are now out on bail pending investigations.
23 February 2026 · New Era →
Martha Antindi, mother of fugitive Victor Malima, has distanced herself from her son's actions in the N$400 million NAMCOR fraud and corruption case, claiming she neither speaks nor reads English and had no knowledge of funds tied to criminal activity. Antindi and her sister Johanna Mundjego, both arrested in February and charged with corruption and money laundering, argue they played no active role in the operation of Malima's entities Eco Trading and Eco Fuel Investment, and have been granted bail of N$50,000 each.
21 February 2026 · Informanté →
Martha Antindi, mother of wanted Victor Malima, and Johanna Mundjego appeared in Windhoek Magistrate's Court facing charges of dealing with gratification, money laundering, and theft connected to N$1.5 million payments from a fuel company implicated in fraud and corruption at state-owned Namcor. The charges relate to alleged money flows from Enercon Namibia through intermediary companies following disputed asset sales and fuel credit defaults at Namcor.
11 February 2026 · The Namibian →
Martha Ndinelao Antindi, mother of fugitive Victor Malima, and his aunt Johanna Hambelela Mundjego were arrested and made their first court appearance in connection with the oil-rot fraud and corruption matter. They face three counts each, including dealing with gratification, money laundering, and theft, allegedly involving N$1.5 million in unlawful proceeds from Namcor that passed through companies in which they held interests.
10 February 2026 · New Era →
Martha Ndinelao Antindi, mother of wanted fugitive Victor Malima, and his aunt Johanna Mundhego appeared in Windhoek Magistrate's Court facing theft, money laundering, and graft charges related to a N$400 million Namcor fraud case in which the state alleges they received illegal transfers totalling N$1.5 million through Eco Fuel entities.
10 February 2026 · Informanté →