Rédaction Africa Links 24 with Timo Shihepo
Published on 2024-03-18 17:00:00
An investigation into a potential large-scale fuel theft is underway after auditors discovered that 69 trucks dispatched from the state-owned National Petroleum Corporation of Namibia (Namcor) did not deliver their cargo to customers. The missing fuel’s estimated value is around N$49 million, and auditors have flagged these transactions. Namcor spokesperson Utaara Hoveka confirmed the discrepancies and stated that there was evidence of the trucks leaving the national oil storage facility but a lack of evidence of product delivery to customer sites.
Four individuals have been arrested for allegedly stealing fuel worth N$1 million from Namcor, including Simeon Shilongo, Graham Platt, Jason Malima, and Denzel Mulunga. The investigation is ongoing, and the company is working to verify the details and implement necessary measures to address the gaps identified. Both Immanuel Mulunga and Victor Malima, who are related to some of the suspects, have denied any involvement.
A total of 69 trucks loaded with 2.7 million liters of fuel from the Namcor facility at Walvis Bay have no evidence of reaching customers. The suspected fuel theft scheme involves collusion among Namcor employees, truck drivers, and insiders at customer facilities. Namcor has taken steps to strengthen security measures at the storage facility and improve tracking systems to prevent further theft.
Namcor is cooperating with the police investigation to hold those responsible for the thefts accountable. The company stated that they have risk management practices, including insurance agreements, to mitigate financial losses. As the investigation continues, Namcor assures that necessary actions will be taken against any employees implicated in the theft.
The company has dispatched a team to enhance security at the storage facility and transition to an integrated tracking system. Despite the alleged theft of fuel, Namcor emphasizes its commitment to operational efficiency and remains focused on its core business activities.
In conclusion, the ongoing investigation into the fuel theft at Namcor highlights the importance of maintaining robust security measures and ethical conduct within the organization. The collaboration between Namcor, auditors, and law enforcement authorities is crucial in addressing such incidents and safeguarding the company’s assets. The outcome of the investigation will determine the extent of the theft and the actions required to prevent future occurrences.
Read the original article on The Namibian
