Key takeaways from Namcor bail hearing day five

FORMER Enercon Namibia owner Malakia Elindi on Monday in the Windhoek Magistrate’s Court testified that Enercon continued to supply the Ministry of Defence and Veterans Affairs with fuel even after they sold their exclusive rights to supply the government with fuel to the National Petroleum Corporation of Namibia (Namcor) on 19 July 2022.

Elindi claimed that the clause in the agreement with the government did not require Enercon to notify the defence ministry about the new asset sale agreement between Enercon and Namcor.

Former Namcor finance executive Jennifer Hamukwaya’s signature was on the bank account opened in October 2021 under Namcor’s name where Enercon would send the fuel supply money.

Elindi claimed that Enercon built the fuel base stations with its own funds and, therefore, had the right to manage the assets as it saw fit until they were transferred to the government. According to him, the assets are set to revert to the government after 15 years in 2031.

Elindi testified that he is not responsible for the N$9.5 million Enercon paid to Eco Trading Fuel owned by fugitive Victor Malima to settle Enercon’s debt to Namcor. The money was laundered to Quality Meats CC and later to the bank accounts of former Namcor employees.

Namcor reloaded Enercon’s credit for fuel for N$35 million. Elindi claimed that the credit was reloaded as Enercon could not “allow the defence ministry to be dry without fuel”.

Elindi claimed that he signed a fuel supply agreement document signed by Namcor managing director Imms Mulunga, without knowing whether Mulunga had the authority to sign the agreement. Elindi claimed that the signed document was delivered by someone he does not know.

Enercon had two supply codes to which the government would pay for fuel. The purchase order issued by the government stated that the invoice should stipulate Enercon account 520. Hamukwaya was a signatory on this account. Elindi claimed that if the money was transferred to the second Enercon account 848, they would transfer it to account 520.

N$3.6 million was deposited into Elindi’s company Onyeka Clearing and Forwarding. N$1.5 million was transferred into his personal account and N$1.5 million was transferred into Peter Elindi’s personal account for management fees.

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