Mulunga Arrested as ACC Eyes More Suspects


Mulunga Arrested as ACC Eyes More Suspects
Immunuel Mulunga arrested

Former National Petroleum Corporation of Namibia (Namcor) managing director Immanuel “Imms” Mulunga has been arrested by the Anti-Corruption Commission (ACC). The arrest was confirmed earlier today by ACC Director General Paulus Noa, who said further details cannot be disclosed at this stage.

Mulunga’s arrest forms part of an ongoing investigation that is reportedly closing in on other former senior Namcor executives. Sources indicate that former chief financial officer Jennifer Hamukwaya and ex-supply and logistics manager Cornelius ‘Cedric’ Willemse are also being closely investigated and could face possible arrest. Both individuals have since left the company.

Cornelius ‘Cedric’ Willemse and Hamukwaya

Willemse was previously linked to the unexplained disappearance of fuel stock under his supervision, while Hamukwaya has been associated with questionable financial transactions. One of the most prominent controversies involves Namcor’s N$100 million payment for a stake in an Angolan oil block a transaction allegedly completed without board approval. Although the ACC previously stated that the Angolan deal, in isolation, wasn’t necessarily corrupt, it remains a significant part of the broader investigation into financial misconduct at the state-owned oil entity.

This latest development comes as Namcor struggles with severe financial challenges. According to its most recent financial report, the company recorded a loss of around N$700 million and reported liabilities amounting to approximately N$2.5 billion. The losses have been attributed to weak internal controls and cash flow difficulties.

By September last year, Namcor had reportedly reduced its debts to about N$1.9 billion through internal measures, including debt restructuring and operational cost reviews. In addition, the government intervened with a N$1.2 billion bailout to assist the company in settling critical supplier debts.

Namcor has since adopted a three-phase recovery plan aimed at stabilizing its finances in the short term, restructuring operations over the medium term, and implementing a long-term 15-year strategy to restore profitability and position the company within Namibia’s growing oil and gas sector.

While the ACC continues its investigation, no official confirmation has been given regarding further arrests in connection with the case.

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *


Sport News

CELEB STORIES
Diddy Convicted on Prostitution Charges, Acquitted on Racketeering and Sex Trafficking
TUWJul 2, 2025
Sean Diddy Combs convert

Hip-hop mogul Sean “Diddy” Combs was found guilty on two federal counts of transporting individuals for prostitution under the Mann…

From Fame to Silence: Linda Simasiku Breaks Her Silence on Pain, Betrayal, and Lost Fortune
TUWJun 25, 2025
From Fame to Silence: Linda Simasiku Breaks Her Silence on Pain, Betrayal, and Lost Fortune

Namibian RnB artist Linda Simasiku, best known for her 2012 hit song “I Believe” featuring Zambian legend Peterson, has opened…

New Allegations Surface Against Media Mogul Tyler Perry in $260 Million Lawsuit
Karrel HamutenyaJun 18, 2025
Tyler Perry

A substantial $260 million lawsuit has been leveled against entertainment titan Tyler Perry, with actor Derek Dixon alleging a pattern…

Namibia’s Selma Kamanya Shines Bright at Miss World 2025
TUWMay 31, 2025
Selma Kamanya - The Updated World

Opal Suchata of Thailand was crowned Miss World 2025 at a glittering grand finale held at the HITEX Exhibition Centre…


HEALTH TOPICS
52 Students Awarded Scholarships to Power Namibia’s Healthcare Future
TUWJul 3, 2025
**52 Students Awarded Scholarships to Power Namibia’s Healthcare Future

In a major step towards strengthening Namibia’s healthcare workforce, 52 aspiring health professionals have been awarded scholarships to pursue their undergraduate studies within the country’s…

Namibian Health Minister Appointed Chairperson at World Health Assembly, While Questions Are Raised Over Malaria Medicine Deal at home
TUWMay 19, 2025
Dr. Esperance Luvindao - The Updated World

Namibia’s Minister of Health and Social Services, Hon. Dr. Esperance Luvindao, has been chosen to lead Committee A at the 78th World Health Assembly (WHA)…

What is Hepatitis A, causes, and treatments
Karrel HamutenyaMay 18, 2025
hepatitis A - The Updated World

Hepatitis A is a short-term infection of the liver caused by the Hepatitis A virus. This virus is classified as an RNA virus and does…

Dr. Esperance Luvindao, has called on private companies to join hands with the government to help improve health services
TUWMay 13, 2025
Dr Esperance Luvindao - The Updated World

Namibia’s Minister of Health and Social Services, Dr. Esperance Luvindao, has called on private companies to join hands with the government to help improve health…

Africa