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![NBCDigitalNews Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::469356005.png) NBC Digital News [@NBCDigitalNews](/creator/twitter/NBCDigitalNews) on x 285.9K followers
Created: 2025-07-24 11:11:21 UTC

Former Managing Director of NAMCOR, Immanuel Mulunga, told the court that one of the reasons he lost his job was due to an error in the reallocation of funds to purchase assets from Enercon for N$53 million. 

He said the board held him accountable for the decision, adding, “No one is perfect, we all make mistakes.”

According to NAMCOR's policy, Mulunga could only approve N$25 million, and any expenditure above that amount required board approval. 

However, he said the transaction with Enercon was not treated as a new procurement but as part of an existing fuel supply agreement that led to the asset purchase.

He said the board does not approve individual transactions but instead signs off on the overall budget, which includes broader allocations. 

According to him, the board had only approved a reallocation of funds, not the specific purchase.

Mulunga stated that the facilities bought from Enercon were already accounted for in NAMCOR’s budget and that the mistake came from his colleagues involved in the reallocation process.

Emil Xamro Seibeb
#NBCNews #nbcdigitalnews #nbcDSTV282 #nbcGOtv20 #nbcPlusApp

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