In a surprising turn of events, Immanuel Mulunga, the former Managing Director of Namibia’s National Petroleum Corporation (NAMCOR), was arrested today at his Klein Windhoek residence following an ongoing investigation by the Anti-Corruption Commission (ACC).
Mulunga had previously been cleared of criminal intent two years ago regarding an unauthorized payment of N$100 million that lacked NAMCOR Board approval. However, recent ACC operations have now resulted in his detention.
Director General of the ACC, Paulus Noa, confirmed that Mulunga is not the only individual implicated, hinting that up to four arrests could be made as the investigation continues. Noa emphasized the commission’s commitment to pursue all involved in money laundering and corruption, regardless of their affiliation.
Mulunga’s departure from NAMCOR was mired in controversy, notably linked to the fraudulent sale of oil storage facilities that reportedly belonged to the Ministry of Defence, along with allegations of mismanagement such as the over-extension of credit facilities.
The ACC remains tight-lipped on formal charges, but the investigation is ongoing, signaling a broader crackdown on corruption within Namibia’s petroleum sector.
