Mulunga denies Audi bribe, seeks N$10 000 bail

Former Namcor managing director Immanuel ‘Imms’ Mulunga has denied allegations that he received an Audi vehicle as a bribe from fugitive businessman Victor Malima, stating under oath that he has no connection to the car in question.“I don’t own such a vehicle. I have no ownership of that vehicle,” Mulunga said during his evidence-in-chief yesterday. He is being represented by private legal practitioner Francois Bangamwabo.The state alleges that the Audi, registered in the name of Hileni Kamati, was a gift from Malima, who owns Eco Trading. The vehicle was allegedly intended to benefit Mulunga in exchange for facilitating a multimillion-dollar agreement between Eco Trading and Enercon.Mulunga, however, distanced himself from both the vehicle and the alleged transaction, firmly denying any involvement.Mulunga, who was dismissed as managing director of the National Petroleum Corporation of Namibia (Namcor) in 2024, testified that the N$53 million agreement with Enercon was not concluded by Namcor as a public entity, but rather by its private commercial subsidiary, Namcor Petroleum Trading and Distribution (Pty) Ltd (NPTD).“The contracts were not signed on behalf of Namcor, the public entity. I signed the contracts with NPTD in my capacity as its managing director,” he clarified, noting that NPTD has its own board of directors. He further explained that Namcor operates multiple commercial arms, including Namcor Exploration and Production (Pty) Ltd.Responding to allegations that he authorised unsecured fuel credit to companies such as Eco Trading, Mulunga stated that decisions related to fuel supply and credit allocations fell within the remit of his subordinates. He denied having direct involvement in such operational decisions.‘Sound business model’Mulunga defended the Enercon transaction, describing it as a lease agreement that was commercially beneficial to NPTD. He said the deal allowed Enercon to lease assets to NPTD for fuel supply to Intercon over a 10-year period.“It was a commercial contract. NPTD would recover its investment in four years, with the remaining six years yielding profit. That’s a sound business model,” he said.Mulunga, who remains in custody, offered N$10,000 as bail and assured the court that he poses no flight risk. He emphasised his intention to remain in Namibia and defend himself against the charges.“I have no intention of absconding. I want to see the case through and clear my name,” he told the court.The bail hearing continues today before Magistrate Linus Samunzala, with prosecutors expected to cross the embattled former oil executive.

Mulunga denies Audi bribe, seeks N$10 000 bail

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Namibian Sun 2026-02-04

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Mulunga denies Audi bribe, seeks N$10 000 bail

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Namibian Sun 2026-02-04

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