Namibian state-owned petroleum company involved in major fraud and corruption cases involving fuel sales, filling station assets, and multiple criminal prosecutions.
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The Namibian
Namcor Petroleum Trading and Distribution allegedly fraudulently paid N$1.5 million to Enercon Namibia
“The state is also alleging that the fuel company Enercon Namibia had paid the N$1.5 million into the account of Eco Trading, and that the money was proceeds of unlawful activities, having been fraudulently paid by the Namcor subsidiary Namcor Petroleum Trading and Distribution to Enercon Namibia.”
Fugitive Malima’s mother, aunt get bail in Namcor caseThe Namibian
Namcor Petroleum Trading and Distribution purchased nine service stations at NDF bases from Enercon Namibia for N$53.2 million in July 2022
“A Namcor subsidiary, Namcor Petroleum Trading and Distribution, bought the "right, title and interest in and to" nine service stations at Namibian Defence Force (NDF) bases from the company Enercon Namibia, of which Elindi was a shareholder at that stage, for N$53.2 million in July 2022.”
Namcor fraud accused denies N$2.5m bribery allegationThe Namibian
Namcor Petroleum Trading and Distribution applied for provisional winding up of Enercon Namibia and Erongo Petroleum
“The company, Namcor Petroleum Trading and Distribution, which is a subsidiary of the state-owned Namcor, applied for Enercon Namibia and Erongo Petroleum to be provisionally wound up after the company and close corporation failed to pay debts owed to Namcor Petroleum Trading and Distribution.”
Enercon and Erongo Petroleum face liquidation over N$381m fuel debt to Namcor subsidiaryCornelius Cedric Willemse, arrested in July 2025 in connection with an over N$400 million fraud and embezzlement case at the National Petroleum Corporation of Namibia, has filed an application to stop the Prosecutor General's attempt to appeal against his bail grant. Willemse faces 10 charges including corruption and money laundering.
7 August 2026 · Informanté →
Cornelius Cedric Willemse, arrested in July 2025 in connection with an over N$400 million fraud and embezzlement case at the National Petroleum Corporation of Namibia, has filed an application to stop the Prosecutor General's attempt to appeal against his bail grant. Willemse faces 10 charges including corruption and money laundering.
7 August 2026 · Informanté →
The Labour Court has referred a dispute between state-owned Namcor Petroleum Trading and Distribution and its former managing director Imms Mulunga back to arbitration, after ruling that an arbitrator wrongly dismissed the case in June. Mulunga was dismissed in August 2024 after being found not guilty in a disciplinary hearing, and Namcor subsequently referred claims against him for breach of contract and financial losses to the Labour Commissioner in October 2024.
13 July 2026 · The Namibian →
A Windhoek High Court judge has ordered businessmen Peter and Malakia Elindi and three close corporations to pay N$28.8 million to the Development Bank of Namibia in a summary judgement, arising from loan agreements with the fuel company Enercon Namibia, of which the Elindis are former directors and shareholders.
6 July 2026 · The Namibian →
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 →
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 →
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 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.
16 February 2026 · The Namibian →
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.
15 February 2026 · The Namibian →
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 →
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.
4 February 2026 · The Namibian →
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.
28 January 2026 · The Namibian →