The National Petroleum Corporation of Namibia (Namcor) board of directors are currently studying a verdict finding its managing director innocent on charges relating to a controversial N$123-million oil deal.
Thursday’s disciplinary hearing verdict found Immanuel Mulunga not guilty.
Namcor spokesperson Utaara Hoveka says the board is yet to make a decision on the verdict.
“The board is studying the chairperson’s determination before pronouncing itself on the matter if need be,” he said.
Mulunga, who has been on suspension since last year, was facing two charges, including allegations around the transfer of N$123 million from a Namcor account to Sungara Energies.
Sungara Energies is registered in England and Wales, and is owned by Namcor and two other partners.
The other charge was breaching conditions of employment, causing a material breach of trust.
The chairperson of the disciplinary hearing, retired Supreme Court judge of appeal Gerhard Maritz, on Thursday dismissed the case.
Mulunga on Thursday said he feels vindicated.
“I knew I did nothing wrong, but this is a clear vindication, first from the Anti-Corruption Commission (ACC) and now from an independent disciplinary process. Justice has been served,” he said.
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