Another Fishgate 'kingpin' falls

Acting Fishcor board chairperson Bennett Kangumu says they are not looking at immediately removing Mike Nghipunya as CEO, as they have to follow due process before making a decision about his future.
Ogone Tlhage
Fishcor board chairperson James Hatuikulipi has resigned from the state-owned fishing enterprise amid the ongoing fallout over an alleged bribery scandal involving hundreds of millions of dollars.

Board member Dr Bennett Kangumu has been appointed as chairman of the board in the meantime.

However, Fishcor CEO Mike Nghipunya remains in his job, despite the possibility of him interfering in the unfolding probe into a scandal that has rocked both Iceland and Namibia's reputations on the world stage.

Fishcor is at the centre of the allegations involving Iceland's biggest seafood company, Samherji, paying between N$150 million and N$2.5 billion in bribes to Namibian politicians and officials to get their hands on what has been described as Namibia fishing quota “goldmine”.

According to the treasure trove of 30 000 documents released by WikiLeaks last week, Samherji allegedly paid bribes for over six years. The documents include emails, internal reports, spreadsheets, presentations and photos provided by Jóhannes Stefánsson, Samherji's former representative in Namibia.





The company has been operating in Namibia for almost a decade, with a quota for horse mackerel.

But after allegedly greasing the palms of now former fisheries minister Bernhardt Esau, former justice minister Sacky Shanghala, Hatuikulipi, his cousin Tamson 'Fitty' Hatuikulipi, who is also Esau's son-in-law, and Nghipunya, they hit the jackpot.

Samherji was awarded quotas by Fishcor and is apparently still fishing in Namibian waters. In 2016 Samherji received a 5 000-tonne quota from Fishcor at a price of 50 million Icelandic Króna (about US$399 906), which was lower than what it had been sold for previously. This is a pattern that was more or less repeated in 2017 and in 2018.

Last week public enterprises minister Leon Jooste wrote a letter to acting fisheries minister Albert Kawana, who is the country's attorney-general, to have James Hatuikulipi and Nghipunya removed from their Fishcor positions.

Kawana yesterday confirmed that Hatuikulipi had resigned as board chairperson on Monday, but said his hands were tied as far as the suggested removal of CEO Nghipunya was concerned.

Esau and Shanghala resigned from cabinet last week, while Fitty and Shanghala's bank accounts were frozen by the Financial Intelligence Centre (FIC) of the Bank of Namibia.

Hatuikulipi last week resigned as managing director of Investec, an asset-management company.

On Nghipunya, Kawana said: “The CEO situation is not within my ambit; you would have to speak to the board about that.

“In terms of corporate governance principles, [the] removal of a CEO is a board prerogative, not the minister's, and thus he's not involved in that process.”

Kawana said he was aware of the implications Nghipunya's continued involvement at Fishcor may have.

“Fishcor is an important company to our economy and employs over 1 000 people, mostly women and youth. Any negativity against the company could affect its image, especially in the eyes of those that it does business with it, and in the long run this may lead to job losses,” Kawana acknowledged.

Acting chairperson Kangumu said the board was not looking at immediately removing Nghipunya as CEO, as it had to follow disciplinary processes before making a decision regarding his future.

“There is nothing to report at this stage, because we are a country governed by the rule of law. We need to undertake due process,” Kangumu said.

Pressed on whether Nghipunya's continued presence at office would not compromise any investigative work being undertaken to untangle the Fishgate scandal, Kangumu reiterated that due process was needed.

“Whatever angle you look at it, you need to follow due process. As a board, we have a process to ensure such a thing does not happen,” he said.

Jooste and Kawana are set to meet to discuss Fishcor.

Jooste said he had requested a meeting and wanted it to take place as soon as possible.

“I am going to meet with the acting [fishing] minister [Kawana] to discuss the matter. The minister was on leave and had to attend the election court session this week. I have requested the meeting and expect it to take place soonest,” he said.

“I have full confidence in the discretion of the minister to deal with this matter as he deems fit, after evaluating the obvious implications,” Jooste added.

JEMIMA BEUKES AND OGONE TLHAGE

Comments

Namibian Sun 2024-05-01

No comments have been left on this article

Please login to leave a comment

Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Katima Mulilo: 13° | 33° Rundu: 13° | 32° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 14° | 33° Tsumeb: 16° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 33° Wind speed: 19km/h, Wind direction: S, Low tide: 02:38, High tide: 08:56, Low Tide: 15:10, High tide: 21:55 Swakopmund: 17° | 23° Wind speed: 19km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:54, Low Tide: 15:08, High tide: 21:53 Walvis Bay: 22° | 28° Wind speed: 23km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:53, Low Tide: 15:08, High tide: 21:52 Rehoboth: 15° | 29° Mariental: 18° | 32° Keetmanshoop: 21° | 32° Aranos: 18° | 31° Lüderitz: 18° | 29° Ariamsvlei: 21° | 34° Oranjemund: 15° | 24° Luanda: 26° | 28° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 25° Maseru: 11° | 25° Antananarivo: 17° | 26° Lilongwe: 15° | 28° Maputo: 19° | 26° Windhoek: 15° | 28° Cape Town: 15° | 22° Durban: 19° | 25° Johannesburg: 17° | 27° Dar es Salaam: 24° | 32° Lusaka: 15° | 28° Harare: 14° | 29° Currency: GBP to NAD 23.25 | EUR to NAD 19.91 | CNY to NAD 2.59 | USD to NAD 18.59 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.61 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.43 | USD to AOA 834.06 | USD to BWP 13.69 | USD to EGP 47.81 | USD to KES 134.48 | USD to NGN 1389.52 | USD to ZAR 18.57 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13319.36 Down -0.41% | Egyptian Exchange (EGX) 30 Index 24448.73 Down -6.01% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.56/OZ DOWN -0.0058 | Copper US$ 4.53/lb DOWN -0.0218 | Zinc US$ 2 877.00/T DOWN -0.16% | Brent Crude Oil US$ 84.30/BBP DOWN -0.043 | Platinum US$ 951.92/OZ UP +0.27% Sport results: Premier League: Nottingham Forest 0 vs 2 Manchester City | Bournemouth 3 vs 0 Brighton | Tottenham Hotspur 2 vs 3 Arsenal LaLiga: Barcelona 4 vs 2 Valencia | Real Betis 1 vs 1 Sevilla | Villarreal 3 vs 0 Rayo Vallecano | Granada 3 vs 0 Osasuna | Cadiz 1 vs 1 Mallorca SerieA: Genoa 3 vs 0 Cagliari | Fiorentina 5 vs 1 Sassuolo | Napoli 2 vs 2 AS Roma | Atalanta 2 vs 0 Empoli | Bologna 1 vs 1 Udinese | Inter Milan 2 vs 0 Torino European Championships Qualifying: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City English Championship: Coventry City 1 vs 2 Ipswich Town | Preston North End 0 vs 3 Leicester City Weather: Katima Mulilo: 13° | 33° Rundu: 13° | 32° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 14° | 33° Tsumeb: 16° | 31° Otjiwarongo: 14° | 29° Omaruru: 15° | 32° Windhoek: 15° | 28° Gobabis: 16° | 29° Henties Bay: 17° | 33° Wind speed: 19km/h, Wind direction: S, Low tide: 02:38, High tide: 08:56, Low Tide: 15:10, High tide: 21:55 Swakopmund: 17° | 23° Wind speed: 19km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:54, Low Tide: 15:08, High tide: 21:53 Walvis Bay: 22° | 28° Wind speed: 23km/h, Wind direction: SW, Low tide: 02:36, High tide: 08:53, Low Tide: 15:08, High tide: 21:52 Rehoboth: 15° | 29° Mariental: 18° | 32° Keetmanshoop: 21° | 32° Aranos: 18° | 31° Lüderitz: 18° | 29° Ariamsvlei: 21° | 34° Oranjemund: 15° | 24° Luanda: 26° | 28° Gaborone: 18° | 31° Lubumbashi: 12° | 26° Mbabane: 15° | 25° Maseru: 11° | 25° Antananarivo: 17° | 26° Lilongwe: 15° | 28° Maputo: 19° | 26° Windhoek: 15° | 28° Cape Town: 15° | 22° Durban: 19° | 25° Johannesburg: 17° | 27° Dar es Salaam: 24° | 32° Lusaka: 15° | 28° Harare: 14° | 29° Economic Indicators: Currency: GBP to NAD 23.25 | EUR to NAD 19.91 | CNY to NAD 2.59 | USD to NAD 18.59 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.69 | ZWL to NAD 0.04 | BRL to NAD 3.61 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.43 | USD to AOA 834.06 | USD to BWP 13.69 | USD to EGP 47.81 | USD to KES 134.48 | USD to NGN 1389.52 | USD to ZAR 18.57 | USD to ZMW 26.75 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76076.19 Down -0.5% | Namibian Stock Exchange (NSX) Overall Index 1690.93 Down -0.96% | Casablanca Stock Exchange (CSE) MASI 13319.36 Down -0.41% | Egyptian Exchange (EGX) 30 Index 24448.73 Down -6.01% | Botswana Stock Exchange (BSE) DCI 9146.09 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.56/OZ DOWN -0.0058 | Copper US$ 4.53/lb DOWN -0.0218 | Zinc US$ 2 877.00/T DOWN -0.16% | Brent Crude Oil US$ 84.30/BBP DOWN -0.043 | Platinum US$ 951.92/OZ UP +0.27%