Tag: N53m

Home N53m
Namcor says Mulunga fraudulently paid N$53m for tanks owned by Govt
Post

Namcor says Mulunga fraudulently paid N$53m for tanks owned by Govt

The National Petroleum Corporation of Namibia (Namcor) has taken legal action against a company tied to businessman Peter Elindi and retired brigadier general James Auala in an attempt to recover N$53 million which the parastatal lost by buying storage facilities that already belonged to the government. Namcor and an entity called Enercon are involved in...

Mulunga faces new charges over failed N$53m Enercon deal
Post

Mulunga faces new charges over failed N$53m Enercon deal

The National Petroleum Corporation of Namibia (Namcor) has slapped suspended managing director Immanuel Mulunga with additional disciplinary charges for his alleged involvement in a N$53-million transaction between Namcor and military contractor Enercon. Mulunga was already in the middle of a disciplinary hearing on charges emanating from the controversial Sonangol deal in which Namcor paid US$6,7...

NIP splashes N$5,3m on five executives’ vehicles
Post

NIP splashes N$5,3m on five executives’ vehicles

The Namibia Institute of Pathology (NIP) has bought new cars worth N$5,3 million for its top five executives amid claims that the parastatal is struggling to obtain essential materials required for conducting laboratory testing. NIP chief executive Kapena Tjombonde confirmed the purchase on Monday, describing it as an “extension of the fringe benefit”. “As part...