By Kuvee Kangueehi WINDHOEK The disciplinary hearings of the suspended Namibia Development Corporation (NDC) Chief Executive Officer Abdool Sattar Aboobakar and the head of Finance and Administration Addis Faul continued for the second day yesterday in the NDC Boardroom. The NDC acting Chief Executive Officer Wessels Nanuseb finished his testimony yesterday after he started testifying on Monday. A former general manager at NDC Anna Shiwedha is expected to testify today. A lawyer close to the proceedings told New Era yesterday that the disciplinary hearing is hopeful that they will get all the evidence by Friday. “The hearing will then be postponed for submissions before a ruling is made.” The lawyer added that he expects the hearing to be lengthy, as witnesses will be subjected to cross-examination. He noted the hearing is still in its infancy stage. The lawyers expect more information when the accused take the stand. The lawyer expects Aboobakar and Faul to be questioned on Thursday, a day before the proceedings are postponed. Aboobakar and Faul pleaded not guilty to all the charges on Monday when their disciplinary hearings started. Aboobakar and Faul, who were suspended last year following a host of misconduct charges, appeared for the first time before a disciplinary hearing. On Monday, Nanuseb and NDC Agricultural Manager Pieter de Wet testified. Aboobakar and Faul’s charges mostly resulted from the missing N$55 million of NDC, which passed on to the Offshore Development Company for investment. The N$55 million investment forms the biggest part of the missing N$100 million invested with an unknown Botswana investment company Great Triangle Investment (GTI). One of the major charges against the two suspended managers is that of gross negligence. The charge sheet states that they neglected to ensure the safety of the NDC funds when they unlawfully and wrongfully approved and or caused the investment of N$55 million of the corporation’s funds with the Offshore Development Company (ODC), an entity that is not a financial institution. Aboobakar who is also the CEO of the ODC was also charged with poor performance. He allegedly failed to perform his duties and functions properly as required by his contract of employment and the Corporation’s Investment Strategy by unlawfully and wrongfully approving and or transferring N$55 million to the ODC purportedly to be invested with or by the ODC. Lucius Murorua is the chairperson of the disciplinary hearing, while advocate Werner Boesak on instructions from Engling, Stritter & Partners is the initiator. Another Windhoek-based lawyer Nate Ndauendapo is also part of the prosecution team. Aboobakar and Faul are being represented by Elia Shikongo. The two managers are on suspension with full pay.
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