{"id":378172,"date":"2025-07-09T11:59:00","date_gmt":"2025-07-09T09:59:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=378172"},"modified":"2025-07-09T11:59:03","modified_gmt":"2025-07-09T09:59:03","slug":"ex-namcor-executives-court-hearing-tomorrow","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=378172","title":{"rendered":"Ex-NAMCOR Executives\u2019 court hearing tomorrow"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">UPDATE: Immanuel Mulunga, the former Managing Director of the National Oil Corporation of Namibia (NAMCOR), will only appear tomorrow in the Windhoek Magistrate\u2019s Court after his arrest yesterday following a sting operation by the Anti-Corruption Commission in the capital. Mulunga was arrested alongside former NAMCOR employees, such as former financial officer Jennifer Hamukwaya and former supply and logistics manager Cornelius Cedric Willemse. It is alleged that two more individuals were also arrested yesterday. NAMCOR has said that during Mulunga\u2019s tenure, which ended in August 2024, it experienced several governance lapses which led to questionable deals, the loss of its stock, and the overextension of credit facilities to politically connected entities, leaving the institution in bad debt of over N$400 million. Photos: File\/NAMCOR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UPDATE: Immanuel Mulunga, the former Managing Director of the National Oil Corporation of Namibia (NAMCOR), will only appear tomorrow in the Windhoek Magistrate\u2019s Court after his arrest yesterday following a sting operation by the Anti-Corruption Commission in the capital. Mulunga was arrested alongside former NAMCOR employees, such as former financial officer Jennifer Hamukwaya and former &#8230;<\/p>\n","protected":false},"author":10,"featured_media":378173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,24],"tags":[],"class_list":["post-378172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-NAMCOR Executives\u2019 court hearing tomorrow - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"Immanuel Mulunga, the former Managing Director of the National Oil Corporation of Namibia (NAMCOR), will only appear tomorrow in the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=378172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ex-NAMCOR Executives\u2019 court hearing tomorrow - 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