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Heads are about to roll at Fishcor too

Heads are about to roll at Fishcor too

Niël Terblanché

WITH reference to the fishing scandal that took Namibia by storm and subsequent allegations of fraud and corruption levelled against chairperson of the Fishcor board, the Minister of Public Enterprises, Leon Jooste, has formally requested the acting Minister of Fisheries and Marine Resources, Dr.Albert Kawana, to remove James Hatuikulipi from the state owned fishing company’s management structures with immediate effect.


Besides formally requesting that Hatuikulipi be removed as chairperson of the National Fishing Corporation of Namibia board, his status as board member should also be terminated with immediate effect according to letter written by Jooste.


The public enterprises minister further requested the acting fisheries minister to revoke any form of power of attorney, including signing powers at financial institutions that Hatuikulipi might have with immediate effect.

Pictured: Leon Jooste. Photo: Contributed

Jooste also requested that Dr. Kawana to instruct the Fishcor board to either dismiss the state owned company’s Chief Executive Officer, Mike Nghipunya or alternatively suspend him with immediate effect until a thorough investigation into the allegations of fraud and corruption is completed.


Jooste further suggested that the Fishcor board convene urgently to appoint a new chairperson from amongst themselves while a suitable new Chief Executive Officer should also be appointed along the applicable statues.


The letter by the public enterprises minister follows short on the heels of Hatuikulipi’s resignation from his position as Managing Director of Investec Asset Management in Namibia with immediate effect and Ricardo Gustavo’s immediate suspension from the same company earlier on Thursday.

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