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Monday, 8 June 2026
Namibia’s news, on the hour · Est. 2026
Monday, 8 June 2026
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Namibian press · Person

Immanuel Mulunga

Also known as: former Namcor MD · Mr Mulunga · managing director Immanuel Mulunga

Immanuel Mulunga — former Namcor managing director accused in N$400 million fraud case, granted High Court bail in April 2026.

2022-10-212026-06-08
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What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

  1. August 2023

  2. The Namibian

    Immanuel Mulunga was suspended as Namcor managing director

    Source

    “The latest investigation is part of the ongoing power struggle between suspended Namcor managing director Immanuel Mulunga and Namcor's board of directors, who seem to have lined up ammunition to curb his dealings.”

    Namcor probes botched N$60m military oil dea
  3. July 2023

  4. The Namibian

    Mulunga decided to make an unauthorised payment

    Source

    “Noa went as far as defending Mulunga, saying the MD "found himself between the rock and a hard object" [sic] when he decided to make the unauthorised payment in order to "save" Namibia's "reputation and image" in doing business with Angola.”

    ACC Stands for Anti-Corruption Cover-up

  5. The Namibian

    Immanuel Mulunga authorised a payment of N$100 million for an oil block in Angola

    Source

    “Smit accused the board members of acting unprofessionally and in bad faith and failing to uphold the principles of duty of care and prudence after it came to light that Mulunga authorised a payment of N$100 million for an oil block in Angola.”

    Calls for Namcor board, Mulunga to be fired
  6. June 2023

  7. The Namibian

    Immanuel Mulunga appointed Jennifer Hamukwaya in April 2018 on a five-year contract

    Source

    “A chartered accountant by profession, she was appointed by Namcor's managing director, Immanuel Mulunga, in April 2018 on a five-year contract.”

    Namcor to pay executive N$1,6m in departure settlement agreement

  8. The Namibian

    Immanuel Mulunga was investigated by Namcor over involvement in payment of money to Sungara Energies

    Source

    “The Namibian reported that Namcor was investigating its suspended managing director, Immanuel Mulunga, over his involvement in the payment of money to Sungara Energies.”

    Namcor urges patience on N$100m transaction

  9. The Namibian

    Immanuel Mulunga was suspended as Namcor's managing director in April

    Source

    “Matthews was appointed as acting managing director of Namcor following the suspension of the company's managing director Immanuel Mulunga in April.”

    Matthews explains why he declined Namcor offer
  10. May 2023

  11. The Namibian

    Mulunga sent the company's board and ministers a letter of demand for immediate reinstatement

    Source

    “Mulunga on Tuesday sent the company's board and the ministers of finance and of mines and energy a letter of demand, seeking his immediate reinstatement.”

    Namcor mum on Mulunga’s reinstatement demand

  12. The Namibian

    He threatened to proceed to the High Court if company fails to reinstate him

    Source

    “He threatened to proceed to the High Court should the company fail to reinstate him as managing director.”

    Namcor mum on Mulunga’s reinstatement demand
  13. April 2023

  14. The Namibian

    Immanuel Mulunga was suspended as Namcor managing director

    Source

    “The Namcor board made an announcement on 4 April that Matthews would assume leadership of the parastatal for six months, replacing suspended Namcor managing director Immanuel Mulunga.”

    Fullbright confirms Matthews’ links to Namcor deal

  15. The Namibian

    Immanuel Mulunga was suspended as Namcor managing director on 4 April

    Source

    “The Namcor board made an announcement on 4 April, saying Matthews would assume leadership of the parastatal for six months, replacing suspended Namcor managing director Immanuel Mulunga, who reportedly earned more than N$220 000 a month.”

    Namcor offers Matthews N$230 000 a month, but ex-banker hints at N$350 000
Politics

High Court overturns bail refusal in Namcor fraud case

The News

Windhoek High Court judges found that a magistrate misdirected himself in refusing bail to six individuals accused in a purported N$400 million fraud at Namcor, citing selective assessment of evidence and failure to consider individualised circumstances and mitigating bail conditions. The six appellants—Peter and Malakia Elindi, Immanuel Mulunga, Olivia Dunaiski, Leo Nandago, and Jennifer Hamukwaya—were granted bail ranging from N$20,000 to N$50,000, subject to travel restrictions and regular reporting requirements.

30 March 2026 · New Era →

Monday 30 March

  1. High Court overturns bail refusal in Namcor fraud case

    Windhoek High Court judges found that a magistrate misdirected himself in refusing bail to six individuals accused in a purported N$400 million fraud at Namcor, citing selective assessment of evidence and failure to consider individualised circumstances and mitigating bail conditions. The six appellants—Peter and Malakia Elindi, Immanuel Mulunga, Olivia Dunaiski, Leo Nandago, and Jennifer Hamukwaya—were granted bail ranging from N$20,000 to N$50,000, subject to travel restrictions and regular reporting requirements.

    30 March 2026 · New Era →

Friday 27 March

  1. High Court grants bail to six in Namcor corruption case

    A High Court appeals panel has granted bail to six accused persons in the Namcor fraud and corruption case, including former Namcor executives Jennifer Hamukwaya and Immanuel Mulunga, after they appealed against a Magistrate's Court refusal. Bail amounts range from N$20,000 to N$50,000, with conditions requiring reporting to the Anti-Corruption Commission twice weekly, surrendering travel documents, and not interfering with investigations.

    27 March 2026 · Informanté →

Wednesday 25 March

  1. Panduleni Hamukwaya granted N$200,000 bail in Namcor fraud case

    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.

    25 March 2026 · New Era →

Friday 20 March

  1. 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

  1. Namcor fraud accused challenge selective evidence in bail appeal

    Six individuals charged with defrauding Namcor are appealing a magistrate's refusal of bail, with their legal representatives arguing that the magistrate selectively assessed evidence in favour of the investigation officer while overlooking material facts and the accused's own concessions. The appellants contend the magistrate failed to properly consider disputed issues including the strength of the state's case and individual circumstances of each accused.

    13 February 2026 · New Era →

  2. Mulunga's lawyer challenges bail denial in Namcor fraud case

    In an ongoing bail appeal, Boris Isaacks, representing former Namcor managing director Immanuel Mulunga, argues that the magistrate erred in denying bail because there is no evidence of actual bribe payments to his client—only that Mulunga briefly drove a luxury vehicle registered to his cousin. Isaacks contends the prosecutor failed to demonstrate how Mulunga's release would prejudice public interest, and asks the court to grant bail at N$50,000.

    13 February 2026 · Informanté →

Tuesday 10 February

  1. Malima's mother and aunt arrested in oil-rot fraud case

    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 →

Friday 16 January

  1. Mulunga denies wrongdoing in use of Malima's Audi vehicle

    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.

    16 January 2026 · Informanté →

Thursday 15 January

  1. Namcor corruption bail appeal hearing postponed for procedural issues

    A bail appeal hearing for six individuals accused of defrauding Namcor of over N$400 million was postponed in the Windhoek High Court after judges found that legal representatives and the State had not filed required documents procedurally or on time. The matter was rescheduled to 12 and 13 February 2026 to allow parties five days to file proper legal documents.

    15 January 2026 · New Era →

Wednesday 14 January

  1. Namcor fraud suspects' bail appeal postponed to mid-February

    Five individuals accused of defrauding the state oil company Namcor of over N$400 million have had their High Court bail appeal hearing postponed to mid-February after parties failed to file required documents on time. The accused, who have been detained since July 2025, are challenging a magistrate's decision to deny them bail.

    14 January 2026 · Informanté →

Immanuel Mulunga — Namibian press coverage · Namibia Minute