Namibia Minute.
Friday, 24 April 2026
A daily Namibian brief · Est. 2026
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Person

Peter Elindi

Also known as: Peter

Businessman charged in alleged N$400 million Namcor fraud case involving filling station asset sales and unpaid fuel purchases.

Politics

Namcor fraud trial postponed to April 2026 for plea hearing

The News

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 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 →

Thursday 19 March

  1. Bank Windhoek sues Elindi for N$2.3 million debt

    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 →

Tuesday 17 February

  1. High Court dismisses State's bail appeal for Willemse

    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 →

Monday 16 February

  1. Defence claims Namcor bail hearing lacked impartiality and competence

    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 →

Sunday 15 February

  1. Namcor fraud accused challenge magistrate's bail refusal in High Court

    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 →

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. Namcor fraud case: defence challenges bail denial in appeal

    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 →

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 →

  2. ACC arrests fugitive businessman's mother in Namcor-Enercon case

    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 →

Friday 16 January

  1. Namcor interim MD rebuilds trust after fraud, corruption saga

    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 →

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