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Namibian petroleum boss rejects damning audit

Publish date: 14 May 2018
Issue Number: 773
Diary: IBA Legalbrief Africa
Category: Forensic

Namibia’s National Petroleum Corporation (Namcor) CEO Immanuel Mulunga said he would not pay audit firm Deloitte for an investigation that implicated him because the contract was awarded without following proper procedures. The Namcor board forced Mulunga to take leave in December to pave the way for the investigation into a US $1.7m tender he awarded to a Malaysian company, Hyrax Oil. The Malaysian company is represented by Alex Warne, who is reportedly Mulunga’s friend. Mulunga told The Namibian that he was the person authorised to award a contract to Deloitte.

Full report in The Namibian