Former National Petroleum Corporation of Namibia (Namcor) managing director Imms Mulunga has denied being the mastermind and originator behind the controversial Enercon-Namcor deal currently under scrutiny in court. Testifying on Friday before magistrate Linus Samunzala at the Windhoek Magistrate’s Court, Mulunga said he acted within his role as managing director and did not initiate the agreements in question. Despite Enercon owing Namcor N$108 million in outstanding credit, Namcor allegedly continued to supply fuel to the company and went ahead with the asset purchase agreement for Enercon’s fuel base stations. Enercon’s debt reportedly ballooned from N$35 million to N$108 million after it took on fugitive Victor Malima’s Eco Fuel’s N$73-million debt. This arrangement allegedly violated Namcor’s credit limit policy of supplying fuel to creditors owing more than N$15 million. Mulunga testified that his job as managing director was limited to signing off on fuel supply transactions that had already been processed and approved by other departments. He told the court last week that Namcor took stringent measures against Enercon and other companies by issuing demand letters urging the company and others in arrears to settle their accounts. However, testimony presented on Thursday revealed that Mulunga allegedly bypassed Namcor’s internal governance policy requiring board approval for transactions exceeding N$20 million. SIGNATORY ON BANK ACCOUNT Meanwhile, former Namcor finance executive Jennifer Hamukwaya claims her role as a joint signatory of Enercon’s bank account was merely to supervise and safeguard Namcor’s interests as outlined in the March 2022 agreement. Hamukwaya told the court she had no involvement in the asset purchase agreement between Namcor and Enercon. Last week, Malakia Elindi testified that Hamukwaya’s signature appeared on a bank account opened in October 2021 under Namcor’s name, where Enercon was expected to deposit funds for fuel supplies. This arrangement was reportedly made to ensure funds received by Enercon from the Ministry of Defence and Veterans Affairs were used exclusively for fuel purchases from Namcor, and not diverted for other purposes. Consequently, between 20 and 21 July 2022, Malakia allegedly corruptly offered N$2.5 million to former supply and logistics manager Cedric Willemse and Hamukwaya as an inducement to facilitate the purchase of the nine service stations. Hamukwaya and Willemse allegedly received N$2.5 million from Peter Elindi as incentive to approve the purchase of nine service stations for Namcor valued at about N$53 million. She is also accused of receiving N$500 000 through the account of Panduleni Farming CC to approve the supply of N$22 million in fuel for the benefit of Erongo Petroleum CC, another company implicated in credit fraud involving Namcor. Hamukwaya testified that her two children, one of whom is a minor, have been left without guardian support following the arrest of both herself and her husband, Panduleni Hamukwaya. She was arrested on 8 July at her workplace at the Namibia Qualifications Authority, where she worked as a financial manager. Hamukwaya also told the court that the operation of her tuck shop at the International University of Management, generating between N$18 000 and N$20 000 per month, has been negatively affected by her arrest. The business employs two workers whose livelihoods have also been disrupted. Hamukwaya owns a house in Dorado Park worth N$2.4 million, which she co-owns with Panduleni. The property was bought in 2015. She also owns a two-bedroom house at Osona Village valued at N$550 000, as well as two vehicles: a VW Amarok and a Toyota Fortuner. Hamukwaya, who was born in Zambia while her parents were in exile and returned to Namibia in 1989, told the court she no longer has any ties to Zambia and posed no flight risk if granted bail. During the bail hearing, magistrate Samunzala granted Lydia, the wife of former Enercon owner Malakia Elindi, bail in an amount of N$50 000. Samunzala said the state’s decision to reconsider and abandon its initial opposition to Lydia’s bail application was based on the availability of evidence and in the interest of justice, and not due to any ulterior motives.