NAMCOR corruption accused to challenge bail refusal in High Court

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The appeal against the refusal of bail for the NAMCOR corruption accused persons will be heard in the Windhoek High Court from 14 to 16 January.

The appeal is against a magistrate’s refusal to grant bail.

Justice Philanda Christiaan and Justice Eileen Rakow will hear the matter.

NAMCOR Bailout Saves Over N$300 Million

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The National Petroleum Corporation of Namibia (NAMCOR) Managing Director, Maureen Hinda-Mbuende, said the bailout by the government this year resulted in more than N$300 million in savings.

This is after NAMCOR had been trading on negative margins, due to penalties and governance lapses.

State seeks to appeal bail granted to NAMCOR accused Willemse

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The State has filed an application for leave to appeal the decision that granted bail to NAMCOR accused Cedric Willemse.

The State is accusing him of being part of a syndicate involved in misappropriating nearly N$400 million in public funds.

Cedric Willemse granted N$200,000 bail

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Magistrate Olga Muharukua has granted bail of N$200,000 to Cedric Willemse, one of the accused in the alleged multi-million-dollar NAMCOR scandal.

Willemse has also been ordered to report to the investigating officer daily and not to leave the district of Windhoek.

Bail denied in NAMCOR case

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Magistrate Linus Samunzala has denied bail to all bail applicants in the NAMCOR proceedings.

The applicants include Immanuel Mulunga, Peter Elindi, Malakia Elindi, Olivia Dunaiski, Jennifer Hamukwaya, and Leo Nandago.