Businessman charged in alleged N$400 million Namcor fraud case involving filling station asset sales and unpaid fuel purchases.
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Informanté
Peter Elindi has been in jail since July 2025
“The accused, Peter and Malakia Elindi, Dunaiski, Mulunga, and Hamukwaya, have been in jail since July 2025 and are now seeking to overturn a decision by Magistrate Linus Simunzala denying them bail.”
Namcor bail appeal postponed to mid-FebruaryThe Namibian
Peter Elindi faces multiple counts under the Prevention of Organised Crime Act and Anti-Corruption Act
“They face multiple counts under the Prevention of Organised Crime Act and the Anti-Corruption Act, with the state alleging that the case involves over N$480 million.”
BAIL APPLICATION | Namcor corruption case – 26 September 2025The Namibian
Peter Elindi sold to Namcor nine service stations from company Enercon Namibia for N$53.2 million
“Lilungwe made his "seller of dreams" remark in connection with a transaction in which Namcor bought nine service stations at Namibian Defence Force (NDF) bases throughout Namibia from the company Enercon Namibia for N$53.2 million in July 2022.”
Prosecutor: Elindi sold Namcor a ‘dream' service station dealThe Namibian
Peter Elindi is denying that he defrauded Namcor
“He is also denying that he defrauded Namcor.”
Prosecutor: Elindi sold Namcor a ‘dream' service station dealThe Namibian
Peter Elindi denied that he defrauded Namcor with the transaction
“He has denied that he defrauded Namcor with the transaction.”
Namcor fraud accused denies bribery claimsThe Namibian
Peter Elindi said he was not aware of bribes claimed to have been paid to former senior executives of Namcor
“Businessman Peter Elindi, who is one of the individuals charged with Mulunga, yesterday said he is not aware of bribes claimed to have been paid to former senior executives of Namcor.”
Namcor fraud accused denies bribery claimsThe Namibian
Peter Elindi denies offering N$2.5 million bribe to Namcor managers
“One of the accused arrested in connection with alleged fraud and corruption at the National Petroleum Corporation of Namibia (Namcor), businessman Peter Elindi, says he is "amazed" by an allegation that he offered a bribe of N$2.5 million to two Namcor managers.”
Namcor fraud accused denies N$2.5m bribery allegationThe Namibian
Peter Elindi claims Anti-Corruption Commission did not allow him to explain transaction before arrest
“He also said Anti-Corruption Commission officers did not give him a chance to explain the transaction before he was arrested.”
Namcor fraud accused denies N$2.5m bribery allegationThe Namibian
Peter Elindi owns assets valued at about N$118 million
“Businessman Peter Elindi, who is one of the accused charged with alleged fraud, corruption and other crimes involving the National Petroleum Corporation of Namibia (Namcor), owns assets valued at about N$118 million.”
Namcor fraud accused owns assets worth N$118 millionThe Namibian
Peter Elindi is facing charges for fraud, corruption and other crimes involving Namcor
“Businessman Peter Elindi, who is one of the accused charged with alleged fraud, corruption and other crimes involving the National Petroleum Corporation of Namibia (Namcor), owns assets valued at about N$118 million.”
Namcor fraud accused owns assets worth N$118 millionFourteen 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 →
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 →
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 →
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 →
The High Court upheld appeals by six accused in the Namcor fraud and corruption case, granting them bail with restrictions on travel and movement. Judge Philanda Christiaan cautioned that courts should avoid informal labels like "Fuelrot" in discussing criminal cases, as such terminology can imply prejudgement and undermine public trust in judicial impartiality.
31 March 2026 · The Namibian →
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 →
Six individuals charged in the National Petroleum Corporation of Namibia fraud and corruption case have been granted bail by the Windhoek High Court after successful appeals, with the court finding material misdirections in the magistrate's earlier refusal. The accused include former Namcor executives and businessmen and are subject to strict conditions including movement restrictions and reporting requirements.
27 March 2026 · The Namibian →
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 →
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 →
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.
24 March 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 →
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 →
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.
19 March 2026 · The Namibian →
A Windhoek High Court judge struck the State's application for leave to appeal against bail granted to former Namcor executive Cornelius Cedric Willemse, finding that the State had missed the deadline to file its heads of argument. The State, which had accused Willemse of facilitating fuel supply in breach of policy and receiving suspicious deposits, must now start the bail appeal process afresh.
17 February 2026 · New Era →
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 →
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 →
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.
13 February 2026 · Informanté →
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 →
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.
10 February 2026 · The Namibian →
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.
16 January 2026 · New Era →
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 →
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 →