Thirteen individuals and entities are facing a growing list of charges in connection with the multi-million-dollar NAMCOR corruption scandal. NBC News has reliably learned that more charges are imminent, with additional suspects expected to be arrested.
The Anti-Corruption Commission (ACC) announced this morning that former NAMCOR Managing Director Immanuel Mulunga will appear in court within 48 hours of his arrest.
The ACC stated that Mulunga, along with those arrested alongside him, may be brought before a magistrate either today or tomorrow.
The National Petroleum Corporation of Namibia (NAMCOR) has reiterated that none of the individuals arres
The National Petroleum Corporation of Namibia (NAMCOR) has reiterated that none of the individuals arrested today are currently employed by the company.
Former NamCor Managing Director Immanuel Mulunga was arrested this morning, alongside three other senior officials of the state-owned petroleum company.
ACC Director General Paulus Noa confirmed the arrests and told NBC News that further arrests are expected during the week.
The National Petroleum Corporation of Namibia (NAMCOR) is currently facing a difficult financial and operational crisis, stemming from years of governance lapses, policy non-compliance, and systemic failures that have severely undermined the company's stability.
The National Petroleum Corporation of Namibia (NAMCOR) says it is inaccurate that its former Managing Director won an unfair labour case against the company.
This statement follows several media reports related to an arbitration ruling issued on the 6th of June 2025.
The National Petroleum Corporation of Namibia (NAMCOR) has emphasised its commitment to finding a path to develop the Venus Field in Block 2913B (PEL 56).
These are in collaboration with its joint venture (JV) partners, Impact Oil & Gas, Qatar Energy, and TotalEnergies.
Rhino Resources has completed the drilling operations for the Sagittarius-1X exploration well located in the Orange Basin.
The National Petroleum Corporation of Namibia (NAMCOR) has taken legal action against Enercon Namibia, seeking its liquidation over an unpaid debt totalling N$114,663,026.50 as of November 2023.
