Malakia Elindi, one of the accused in the alleged NAMCOR fuel corruption case, took the witness stand on Thursday after his brother Peter Elindi completed his testimony. 

He submitted a financial declaration showing assets worth more than N$113 million.

The declaration, presented to the Windhoek High Court, includes 13 properties in Ongwediva and Windhoek, five vehicles, and eight investments across sectors such as mining, financial services, and property. 

His liabilities total over N$78 million, resulting in a net asset value of N$34.7 million.

Malakia Elindi has been in police custody for eight days; he told the court he was not informed of the reason for his arrest and was denied time with his legal counsel. 

He faces ten charges under the Anti-Corruption Act and POCA. 

Elindi told the court he would not flee and is willing to hand over his travel documents, and said he has property and his dignity to protect.

He said his wife, who is also an accused in the case, was arrested because she is listed as a member of one of his companies. 

Elindi maintained that his wife had no dealings with Enercon and only benefited as an employee and spouse. 

She is accused of receiving over N$3 million from funds the state alleges were unlawfully obtained.

Earlier, Malakia's brother, Peter Elindi, testified that as chairperson of Enercon, he did not manage transactions or payments, which were handled by the company accountant. 

He said Enercon occasionally did business with Eco Trading, a company owned by fugitive businessman Victor Malima, and denied knowledge of how frequently fuel purchases were made.

He also denied knowledge of a N$960,000 payment to Cedric Willemse, saying he had no influence over how Eco Trading used the N$9 million it received from Enercon. 

Elindi told the court he also did not know about Panduleni Farming, which the State alleges received N$500,000 from laundered funds.

Elindi said he has no relationship with Victor Malima and is not on speaking terms with him. 

He further denied knowledge of an alleged N$480 million figure referenced in media reports and which the State alleges was embezzled, and said the only amount he was aware of was the N$53 million Enercon received from NAMCOR in a commercial transaction. 

Malakia Elindi said that public concern is driven by inaccurate information and media sensationalism, arguing that contractual agreements should not be tried in a criminal court. 

The State concluded its cross-examination by accusing him of misleading NAMCOR, saying that Peter Elindi sold NAMCOR a dream.