Former NAMCOR Managing Director Immanuel Mulunga is seeking release based on a warning in his ongoing criminal case.

The bail hearing of the former NAMCOR corruption accused is scheduled to continue in the Windhoek Magistrate's Court on Monday.

The NAMCOR corruption case was postponed to the 1st of August for the continuation of bail proceedings.

Jennifer Hamukwaya, a former finance executive at NAMCOR, testified at the Windhoek Magistrate's Court on Friday. 

Hamukwaya is among the eight accused people seeking to be released on bail.

Magistrate Linus Samunzala has granted Lydia Elindi bail for N$50,000 after the state withdrew its objection to her release.

The state had initially proposed bail of N$30,000.

Lydia Elindi, along with her husband Malakia Ekindi, is among the accused in the ongoing NAMCOR corruption case.

Former NAMCOR Managing Director Immanuel Mulunga told the court that one of the reasons he lost his job was due to an error in the reallocation of funds used to purchase assets from Enercon for N$53 million.

Former NAMCOR Managing Director Immanuel Mulunga has denied allegations that he received a luxury Audi vehicle worth over N$3 million from businessman Victor Malima in exchange for facilitating fuel supplies to Malima's company, Eco Trading.

Defence lawyer Sisa Namandje concluded his case in the bail application of Malakia Elindi, his wife Lydia, and brother Peter Elindi, who are accused of fraud, money laundering, and other charges in connection with the NAMCOR fuel supply deal. 

The Windhoek Magistrate's Court continues to hear evidence in the bail application involving former NAMCOR executives and directors of Enercon, following the disputed N$53 million fuel supply transaction linked to the Ministry of Defence.

Magistrate Linus Samanzula has postponed the bail hearing for the nine people charged in the NAMCOR matter to tomorrow. Some of the accused filed their bail applications on Monday, but the hearing could not proceed as planned.

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.