This was said by magistrate Linus Samunzala before he dismissed the bail applications of all six accused on Friday. Nandago had a stake in Erongo Petroleum while it did business with Namcor Trading. After receiving the purchase price, Enercon paid N$35 million back to Namcor Trading to clear debt that it had with the state-owned company. After the transaction, Namcor Trading did not get ownership or possession of the filling station assets, he also noted. Even though Namcor Trading paid N$53.2 million to acquire the assets in question, they never acquired [them].