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August 2025
The Namibian
Enercon Namibiawas involved inbail hearings and corruption case with Namcor
Source
“So, I tuned into the Namcor-Enercon bail hearings on YouTube and I felt unqualified between the brilliance of the experts in the comment section and the actual legal practitioners in the courtroom.”
Enercon Namibiawas alleged to have encumbered assets tothe Ministry of Defence and Veterans Affairs due to 15-year fuel supply agreement concluded September 2016
Source
“The state is alleging that Namcor was defrauded with that transaction, as Elindi was allegedly not in a position to sell the service stations, because they were encumbered to the Ministry of Defence and Veterans Affairs due to a 15-year fuel supply agreement between Enercon and the ministry that was concluded in September 2016.”
Enercon Namibiasoldthe right to use the pumps and tanks at fuel stations at NDF bases to Namcor, retaining assets until 2031
Source
“With that deal, the right to use the pumps and tanks at Enercon's service stations at NDF bases was sold to Namcor, but the fuel station assets remain Enercon Namibia's until 2031, when a 15-year fuel supply agreement between Enercon and the Ministry of Defence and Veterans Affairs would come to an end, according to Elindi.”
Enercon Namibiatook overN$73-million fuel debt owed by Eco Fuel to Namcor
Source
“A signed agreement has revealed how Enercon Namibia took over a N$73-million fuel debt owed by Eco Fuel Investments CC to the National Petroleum Corporation of Namibia (Namcor), in a deal now under scrutiny as part of a wider fuel scandal.”
Enercon Namibiabuilt fuel stations at nine NDF bases at a cost ofN$58 million
Source
“Elindi testified that the company, Enercon Namibia, of which he was a shareholder until February 2023, built new fuel stations at nine NDF bases at a cost of N$58 million.”
Enerconwas accused offleecing Namcor and dragging the state-owned entity into debt of N$380 million
Source
“He is allegedly one of the players in Enercon, a company accused of fleecing Namcor and dragging the state-owned entity into debt of N$380 million alongside Erongo Petroleum.”
Enercon Namibiaallegedly exceededcredit limits with Namcor when acquiring fuel valued at N$274.4 million between August 2022 and May 2023
Source
“The Anti-Corruption Commision (ACC) said in a statement on Friday that the charges against the nine individuals and corporate entities charged in the matter stem from allegations that the company Enercon Namibia and Erongo Petroleum CC, which are both also charged, significantly exceeded their credit limits with the state-owned entity Namcor when they acquired fuel products valued at N$274.4 million from the entity between August 2022 and May 2023.”
Enercon Namibiawas chargedalong with individuals and close corporations in corruption case
Source
“The fuel company Enercon Namibia, and the close corporations Onyeka Clearing and Forwarding, Nyambali Medical Centre, Panduleni Farming and Parkwood Petroleum Logistics are also charged.”
Enercon Namibiaallegedly exceededcredit limits with Namcor acquiring fuel products valued N$274.4 million
Source
“The ACC said in a statement on Friday, after the first court appearance of a ninth individual charged in the matter, that the charges stem from allegations that the company Enercon Namibia and the close corporation Erongo Petroleum, which are both also charged, significantly exceeded their credit limits with the state-owned Namcor when they acquired fuel products valued at N$274.4 million from Namcor between August 2022 and May 2023.”
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.
Why it matters
New suspect added to major NAMCOR fraud case signals ongoing progress in tackling state enterprise corruption.
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.
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.
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.
Magistrate Jozanne Klazen granted bail to oil-rot fraud and corruption accused Panduleni Ndimba Hamukwaya, cited his parental responsibility for three minor children left without care as both he and his wife Jennifer remain in custody. Hamukwaya faces four charges under the Anti-Corruption Act, money laundering charges, and theft allegations related to alleged fraud at the National Petroleum Corporation of Namibia.
Panduleni Hamukwaya, eighth accused in an alleged Namcor fraud and corruption case, has been granted N$200,000 bail after eight months in custody, on condition he surrender his passport and report regularly to investigating officers. He is charged with fraud, money laundering, and theft relating to N$1.55 million allegedly received as gratification from an asset purchase agreement, which he claims was investment in a wildlife farming project.
Panduleni Hamukwaya, whose business allegedly received proceeds linked to criminal activity at state-owned Namcor, has been granted bail of N$200,000 by a Windhoek magistrate. Hamukwaya and his wife, a former Namcor finance executive, have been in custody for eight months; the court considered that he would become sole caregiver to their minor children if released.
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.
Bank Windhoek is suing businessman Malakia Elindi, who is charged in the Namcor fraud case, for about N$2.3 million owed on a mortgage loan and overdraft facility, and seeking to have ten properties with a combined market value of N$9.4 million sold to recover the debt. Elindi, who is currently in custody awaiting a High Court judgement on a bail appeal, has claimed assets worth N$113 million but faces mortgage bonds totalling N$10.5 million against the properties.
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.
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.
A defence lawyer told the High Court that the magistrate's bail hearing for six individuals charged with fraud and corruption at Namcor was not conducted impartially or competently. The six accused, including former Namcor managing director Imms Mulunga and businessmen Peter and Malakia, are appealing against the magistrate's September refusal of bail in connection with alleged Namcor fraud involving the sale of filling station assets and unpaid fuel purchases.
Six individuals charged in connection with alleged fraud and corruption at the National Petroleum Corporation of Namibia are appealing a magistrate's decision to refuse bail, with their lawyers arguing the magistrate adopted a hostile and selective approach to the evidence. The state alleges the accused were involved in fraudulent transactions relating to filling station assets sold to a Namcor subsidiary and fuel purchases that exceeded credit limits.
A legal representative for two accused in the Namcor fraud case has appealed their bail denial before the High Court, arguing that the Magistrate failed to weigh evidence fairly and ignored concessions by the investigating officer that the accused posed no flight risk or public danger. The case involves allegations that ex-Namcor employees and private business owners conspired to defraud the state oil entity of over N$400 million through bogus asset deals.
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.
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.
The Anti-Corruption Commission arrested the mother of fugitive businessman Victor Malima in the Oshana region on Friday, allegedly for involvement in illicit financial transactions and business registrations linked to criminal proceeds connected to the ongoing Namcor-Enercon corruption investigation. Malima remains at large and has been described as a key facilitator in the case.
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.
Heidi Boois, a former Bank Windhoek employee, appeared in the Windhoek Magistrate's Court on five charges including fraud and forgery linked to the opening of a fraudulent bank account allegedly used to channel N$3.36 million to individuals connected to a larger Namcor corruption case. Boois is the 12th person charged in connection with alleged fraud and corruption at the National Petroleum Corporation of Namibia, stemming from a fuel company's sale of filling station assets to a Namcor subsidiary for N$53.2 million in July 2022.
Panduleni Hamukwaya, one of the accused in the Namcor fraud and corruption case, told court that N$1.45 million payments to his close corporation in 2022 were investment funds from Victor Malima for a wildlife farming project, not stolen money. Hamukwaya, arrested in July last year, is charged with theft, corruption, and money laundering in connection with an alleged Enercon Namibia asset purchase fraud at Namcor.
Interim managing director Maureen Hinda-Mbuende says Namcor is recovering from reputational damage caused by alleged embezzlement of millions, including a N$53 million transaction with military contractor Enercon. She reports progress on governance reforms, employee morale, and financial stabilization through government bailouts and strategic restructuring.
In a bail appeal to the High Court, former NAMCOR managing director Immanuel Mulunga's lawyer argues that using a vehicle purchased by fugitive Victor Malima does not constitute a criminal offence and contends the State provided no evidence linking Mulunga to unlawful activity or knowledge of the vehicle's funding source. The bail appeal has been postponed to 13 February for a condonation application hearing.
Jennifer Hamukwaya, arrested in a fraud and money laundering case linked to state-owned Namcor, is appealing her bail denial in the High Court, with her lawyer arguing that the magistrate relied on hearsay and speculation despite no funds being deposited into her personal bank account from the alleged N$1.4 million in question.