Policy analyst Dr. Marius Kudumo has expressed concerns about how those entrusted with overseeing the management of public institutions are undermining the principles of good corporate governance.

The Anti-Corruption Commission (ACC) has cleared suspended NAMCOR managing director Immanuel Mulunga of any wrongdoing.

In a brief statement, ACC Director Paulus Noa says that there is no evidence to prove that Mulunga had criminal intent when he transferred money to an Angolan-based oil company.

Namcor faces a daunting public relations exercise to regain the trust of the Namibian people after damaging negative media reports over the past few weeks.

Allegations of discrepancies of epic proportion hang over the heads of officials at the national oil company.

The leader of the official opposition, McHenry Venaani, has called for the suspension of the National Petroleum Corporation of Namibia's (NAMCOR) Managing Director, Immanuel Mulunga.

NAMCOR's Board Member, Jennifer Comalie who was arrested yesterday for possession of illicit drugs was granted bail of N$7000 in the Windhoek Magistrate's Court today.

The matter has been postponed to 31 July for further investigation. 

NAMCOR has approached top lawyer Sisa Namandje, threatening to approach the court for the daily publication “The Namibian".

“The Namibian” last week published leading stories surrounding troubles at the parastatal.

JUST IN | The Ministry of Mines and Energy has announced N$1.00 per litre decrease in petrol prices, while diesel will remain unchanged.