Staff Reporter
THE National Petroleum Corporation of Namibia (Namcor) fraud, corruption, and money laundering accused persons today appeared in the Windhoek Magistrate’s Court before Magistrate Eliud Nakulonda, and all pleaded not guilty to the charges levelled against them.
The 20 accused, which include 14 natural persons and six companies (juristic entities), tendered their pleas of not guilty to counts ranging from one to 75 and offered no plea explanations, putting the onus on the state to prove the allegations levelled against them.
The accused include businessmen Peter and Malakia Elindi, Malakia’s wife Lydia Elindi; businessman Austin Elindi; former Namcor managing director Imms Mulunga; and former Namcor finance and administration executive Jennifer Hamukwaya, her husband Panduleni Hamukwaya; and former Namcor marketing manager Olivia Dunaiski.
The other accused also include businessmen Coenie Van Wyk and Leo Nandago, the mother of fugitive Victor Malima, Martha Antindi, and her niece Johanna.
State Prosecutor Basson Lilungwe said that investigations in the matter are very complete and asked that the matter be postponed to 28 October 2026 for the Prosecutor General’s decision (PGD) on whether the matter will go to trial after the analysis of all evidence.
The lawyers representing Panduleni Hamukwaya also asked that the reporting conditions of bail be reduced from three times to two times per week.
He is now required to report every Monday and Friday to the ACC.
Accused seven, Lydia Elindi, who was required to hand over firearms to the ACC, also made an application for the return of a firearm, with her lawyer stating that women in Namibia live in constant fear. She has asked that her pistol be returned to her for safety reasons. She further requested that the state reduce her reporting times in terms of bail conditions from two days a week to once a week.
Prosecutor Lilungwe said that the state does not object to the reduction in reporting times, but that the Prosecutor General will have to decide on the return of Lydia Elindi’s firearm.
The Magistrate granted the application of Lydia Elindi to report to the ACC once a week.
The Namcor fraud accused were arrested in July 2025 after allegations surfaced that they acted in cahoots in defrauding the state petroleum entity of over N$400 million after circumventing the company’s credit policies and allegedly selling oil storage facility assets to the company which already belonged to the Ministry of Defence.
