Malima flees to Angola amid fuel corruption scandal

The Anti-Corruption Commission (ACC) has confirmed that Victor Malima, a key figure in the ongoing Enercon–Namcor fuel debt scandal, is believed to have fled to Angola after exiting Namibia via the Wenela border post at Katima Mulilo last Friday.Namibian Sun first reported on Sunday night that Malima crossed the border just minutes before an ACC-issued stop notice was uploaded to the immigration system.“He was already through the gate by the time the ACC alert appeared,” an immigration official told Namibian Sun.Authorities initially contacted their Zambian counterparts in an attempt to intercept Malima, but were informed that there was no official record of his entry into Zambia. Subsequent investigations suggest that he proceeded directly into Angola.Who is Victor Malima?Malima, 34, is far from a peripheral player in the scandal. He is the founder and owner of Eco Fuels and formerly served as both chairman and managing director of Enercon Namibia - the company at the centre of the N$1.6 billion Namcor debt crisis.Investigators say Malima played a pivotal role in facilitating large volumes of fuel being supplied to Enercon and Eco Fuels on unsecured credit from Namcor.In March 2022, Namcor consolidated Eco Fuels’ outstanding debt - about N$73 million - into Enercon’s books, which already reflected an unpaid balance of N$35 million. This brought Enercon’s total liability to roughly N$108 million.Despite the mounting debt, Namcor allegedly continued supplying fuel to Enercon without securing new repayment guarantees. Enercon’s unpaid balance eventually ballooned, significantly contributing to Namcor’s current credit exposure, which now exceeds N$1.6 billion across all defaulting customers.Malima’s dual leadership roles in both companies allowed him to orchestrate debt transfers and continue procuring fuel from Namcor under questionable terms. Public records and court documents confirm the debt restructuring and continued fuel transactions - key components of the corruption case now before the Windhoek Magistrate’s Court.Authorities allege that Malima leveraged political connections to maintain access to Namcor’s credit facilities, even as debts mounted and repayments faltered.Ongoing court proceedingsMalima’s escape complicates efforts to prosecute him alongside other accused in the high-profile case. ACC director general Paulus Noa said the commission is working with SADC partners and cross-border agencies to track him down and facilitate his return to Namibia.Meanwhile, nine other accused have already appeared in court. Some are currently applying for bail.Those charged include former Namcor managing director Immanuel Mulunga; former acting executive for supply and logistics Cornelius “Cedric” Willemse; former territory manager Olivia Dunaiski; former chief financial officer Jennifer Hamukwaya; and Panduleni Hamukwaya.Also facing charges are Peter, Malakia and Lydia Elindi - associates of Enercon Namibia - as well as Malima, who remains at large.The group faces a range of serious charges, including corruption, fraud, racketeering, money laundering, conspiracy to commit corrupt acts, abuse of office, and falsifying documents.

Malima flees to Angola amid fuel corruption scandal

Comments

Namibian Sun 2025-09-03

Please login to leave a comment

Malima flees to Angola amid fuel corruption scandal

Comments

Namibian Sun 2025-09-03

Please login to leave a comment

Login