Enercon used Namcor funds to pay its own debt, ACC investigator reveals
[The Namibian - Namibia] - 6/08/2025
The fuel company Enercon Namibia used money of the state-owned National Petroleum Corporation of Namibia (Namcor) to pay debt of N$35 million that it owed to a Namcor subsidiary in 2022. After selling fuel station assets at Namibian Defence Force bases to a Namcor subsidiary, Namcor Petroleum (…)
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