06
Apr
Niël Terblanché Immanuel Mulunga, the Managing Director of the National Petroleum Corporation, has been suspended by the state-owned company’s board of directors. In a statement released yesterday, the board said that the suspension is effective 4 April 2023. “We wish to inform our stakeholders that the board has resolved to place our Managing Director, Immanuel Mulunga, on suspension with immediate effect pending an investigation,” the board said. Following Mulunga’s suspension, the board has elected and appointed Lionel Matthews as Acting Managing Director for an initial period of six months. He is the current Financial Manager in the Ministry of Finance.…