Search on for Fishcor acting CEO
After substantive CEO Mike Nghipunya was arrested and acting CEO David Ngalangi was removed, the National Fishing Corporation is on the hunt for a new leader.
OGONE TLHAGE
WINDHOEK
The search is on for a new acting CEO at the National Fishing Corporation (Fishcor), after its former acting CEO David Ngalangi was removed for his alleged role in assisting an alleged fugitive to enter into Namibia.
This after Ngalangi was appointed following the arrest of substantive CEO Mike Nghipunya, who is currently behind bars for his alleged role in the Fishrot corruption scandal.Fishcor has been without a chief since February.
Nghipunya and former fisheries minister Bernhardt Esau, former justice minister Sacky Shanghala, former Investec CEO James Hatuikulipi, businessman Tamson Hatuikulipi and Hanganeni employee Pius Mwatelulo have been charged with money laundering and bribery.
The charges stem from allegations that Nghipunya, Esau, Shanghala and James used their positions to obtain N$75.6 million, paid to them or entities of their choice, between August 2014 and December 2019.
The money was allegedly paid through DHC Incorporated, the law firm of Maren de Klerk, who is currently in South Africa.
Seized with the matter
Fishcor board chairperson Mihe Gaomab II said the company is in the process of finding a replacement.
“The board is currently seized with the matter of looking into the possibility of the appointment of an acting CEO, if appropriate, and which is strictly in line with the fiduciary duty of the board to adhere fully to the provisions of the National Fishing Corporation of Namibia Act, No. 28 of 1991,” he said.
Gaomab had previously indicated to Namibian Sun that the company was assessing Nghipunya's contract.
Still an employee
“The board is currently looking at an objective approach to engage in terms of the employer-employee relationship and to assess on a recommendation on the continuation or termination of Mr Nghipunya's employment, specifically with reference to his inability to tender his services as a consequence of his detainment as this has implications on the flow of work concerning the mandate of the corporation in terms of the Fishcor Act 1991,” he said.
“This process is, however, internal to the temporary board and not yet finalised. Once this process is finalised, the temporary board will be in a better position to make a decision in this regard.”
WINDHOEK
The search is on for a new acting CEO at the National Fishing Corporation (Fishcor), after its former acting CEO David Ngalangi was removed for his alleged role in assisting an alleged fugitive to enter into Namibia.
This after Ngalangi was appointed following the arrest of substantive CEO Mike Nghipunya, who is currently behind bars for his alleged role in the Fishrot corruption scandal.Fishcor has been without a chief since February.
Nghipunya and former fisheries minister Bernhardt Esau, former justice minister Sacky Shanghala, former Investec CEO James Hatuikulipi, businessman Tamson Hatuikulipi and Hanganeni employee Pius Mwatelulo have been charged with money laundering and bribery.
The charges stem from allegations that Nghipunya, Esau, Shanghala and James used their positions to obtain N$75.6 million, paid to them or entities of their choice, between August 2014 and December 2019.
The money was allegedly paid through DHC Incorporated, the law firm of Maren de Klerk, who is currently in South Africa.
Seized with the matter
Fishcor board chairperson Mihe Gaomab II said the company is in the process of finding a replacement.
“The board is currently seized with the matter of looking into the possibility of the appointment of an acting CEO, if appropriate, and which is strictly in line with the fiduciary duty of the board to adhere fully to the provisions of the National Fishing Corporation of Namibia Act, No. 28 of 1991,” he said.
Gaomab had previously indicated to Namibian Sun that the company was assessing Nghipunya's contract.
Still an employee
“The board is currently looking at an objective approach to engage in terms of the employer-employee relationship and to assess on a recommendation on the continuation or termination of Mr Nghipunya's employment, specifically with reference to his inability to tender his services as a consequence of his detainment as this has implications on the flow of work concerning the mandate of the corporation in terms of the Fishcor Act 1991,” he said.
“This process is, however, internal to the temporary board and not yet finalised. Once this process is finalised, the temporary board will be in a better position to make a decision in this regard.”
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