{"id":88397,"date":"2023-04-16T08:35:57","date_gmt":"2023-04-16T08:35:57","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2023\/04\/16\/mulungas-replacement-linked-to-n1-billion-namcor-tender\/"},"modified":"2023-04-16T08:35:59","modified_gmt":"2023-04-16T08:35:59","slug":"mulungas-replacement-linked-to-n1-billion-namcor-tender","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2023\/04\/16\/mulungas-replacement-linked-to-n1-billion-namcor-tender\/","title":{"rendered":"Mulunga\u2019s replacement linked to N$1 billion Namcor tender"},"content":{"rendered":"
Namcor performing managing director Lionel Mathews is listed as an adviser to a consortium that gained a N$1 billion contract to construct, finance, function and keep oil depots for the nationwide oil firm he’s now main.<\/strong><\/p>\n This has dropped at the fore considerations over a battle of curiosity.<\/p>\n The tender includes the development, operation and upkeep of Namcor gas storage services at Ondangwa, Gobabis and Windhoek for 15 to twenty years.<\/p>\n Mathews was listed as a transactional adviser for a consortium known as Fullbright Investments and Omahooli Options.<\/p>\n He may now be concerned in imposing that very same tender throughout his six-month tenure at Namcor.<\/p>\n Mathews\u2019 position on this transaction includes a number of politically linked people who benefited from the controversial N$7-billion oil storage facility and the Ongos Valley housing challenge in Windhoek.<\/p>\n Mathews, the previous managing director of Nedbank, which funded Ongos Valley, was appointed final Thursday by the Namcor board to briefly substitute suspended managing director Immanuel Mulunga.<\/p>\n However newest revelations about Mathews\u2019 hyperlinks to Namcor\u2019s tender has added questions on his keep on the nationwide oil firm, which has been haunted by an influence wrestle involving teams aligned to Mulunga and board chairperson Jennifer Comalie, respectively.<\/p>\n Widespread Democratic Motion member of parliament Lukas Hidipo Hamata this week gave discover to ask minister of mines and power Tom Alweendo about Mathews\u2019 involvement within the N$1-billion tender subsequent week.<\/p>\n \u201cMatthews is listed as a companion, company finance adviser to the majority storage improvement challenge. That, for my part, is a blatant and outright battle of curiosity,\u201d he mentioned.<\/p>\n THE TENDER<\/p>\n Namcor marketed the tender between November 2021 and January 2022.<\/p>\n 9 bids have been acquired from corporations, with Fullbright Investments and Omahooli Options scoring the very best at 85%, beating DME Namibia Options, which scored 77%.<\/p>\n Firms which submitted bids embrace Broadside Capital, Central Oil Namibia, Daris Vitality and ATMEI Constructions and Khoekhoen Vitality, DEC Gasit and Nexus Group and Shoopala, Kepu Petroleum Namibia and Resouval System, Alpha Sekgope Namibia Storage, and United Africa Group and Coe Worldwide.<\/p>\n The tender was awarded to a joint bid of Fullbright Investments and Omahooli Options on 24 June 2022, in line with data obtained from Namcor\u2019s web site.<\/p>\n An government abstract of the bid analysis report, signed by Mulunga, said that Fullbright Investments and Omahooli Options had the best-evaluated bid.<\/p>\n An inception report submitted to Namcor listed Mathews as a companion company finance advisers for Fullbright Investments, which may probably create a battle of curiosity given the continued energy struggles between the board and administration at Namcor.<\/p>\n Mathews mentioned he isn’t a companion of Fullbright, however confirmed he stopped doing work for the corporate previous to his appointment as performing Namcor managing director.<\/p>\n The Namibian has seen an e mail despatched by Fullbright\u2019s Abed Erastus notifying the Fullbright Investments and Omahooli groups about Mathews\u2019 withdrawal from the consultancy.<\/p>\n The e-mail was despatched on Wednesday at 17:06 \u2014 over an hour after The Namibian despatched enquiries to Mathews.<\/p>\n \u201cI’m a company finance advisory companion with Monasa Advisory. Monasa has been contracted to do fundraising for Fullbright. I used to be put ahead as a staff member of Monasa to help on this fundraising earlier than my appointment as performing managing director,\u201d he mentioned.<\/p>\n He added: \u201cI’ve, subsequent to my official appointment in the present day (12 April), been eliminated as a member of the Monasa staff doing work for Fullbright.\u201d<\/p>\n Mathews denied a battle of curiosity: \u201cThere is no such thing as a battle. This matter has been coming since 2022. I used to be merely requested by Monasa to be a part of a staff that gives company recommendation.\u201d<\/p>\n By the point of going to print, Mathews was nonetheless a part of the staff advising the Fullbright staff.<\/p>\n \u201cSo far as I do know, there have been no contractual preparations. I’ve been faraway from the Monasa staff for this work and Fullbright is within the technique of doing that. I hope this clarifies,\u201d he mentioned. Minister of finance and public enterprises Iipumbu Shiimi referred inquiries to the Namcor board.<\/p>\n Namcor board chairperson Jennifer Comalie mentioned: \u201cLionel [Mathews] will contact you immediately.\u201d<\/p>\n