Malawi: Commentator Smells Inside Job in Nocma's K700m Fraud Scandal

Malawi: Commentator Smells Inside Job in Nocma's K700m Fraud Scandal

Malawi's National Oil Company (NOCMA) is facing a wave of public fury and pointed questions after confirming it was duped out of a staggering $403,605 -- roughly K700 million -- in a sophisticated cyber fraud scheme, with social commentator Onjezani Kenani suggesting the scandal reeks of inside involvement.

NOCMA Loses US$403,605 in Suspected Fuel Payment Fraud

The National Oil Company of Malawi Limited (NOCMA) has lost US$403,605 in a suspected fraud involving Mozhandling Limited, a service […]

Nocma in K700 million payment fraud probe

The National Oil Company of Malawi (Nocma) says it is cooperating with the Malawi Police Service and Bank of America in investigations into a suspected fraudulent payment of $403,605 (K700 million) involving a service provider handling petroleum products through the Port of Nacala in Mozambique. The payment, relating to services provided between August 13, 2025 and January 2026, was made on April 29, 2026 after Nocma received communication advis…

Nocma Loses K700 Million in Cyber Fraud

ShareBy Malawi Freedom NetworkAugust 25, 2026 The National Oil Company of Malawi Limited (Nocma) has lost US$403,605—equivalent to about K700 million—to cyber fraud after criminals allegedly impersonated a Mozambican company responsible for handling fuel shipments at the Port of Nacala. Nocma has confirmed the incident, saying the Malawi Police Service and Bank of America have… The post Nocma Loses K700 Million in Cyber Fraud After Hackers Imper…

NOCMA Probes US$403,605 Suspected Fraudulent Payment

By Rahim Abdul The National Oil Company of Malawi (NOCMA) has launched an investigation into a suspected fraudulent payment of US$403,605, equivalent to about K700.6 million, made to an account allegedly provided by a fuel-handling contractor. NOCMA says it is working with the Malawi Police Service and Bank of America to establish what happened to […] The post NOCMA Probes US$403,605 Suspected Fraudulent Payment appeared first on 247MALAWI NEWS.

Malawi loses K700m in NOCMA cyber heist

This article was originally published on Malawi24">Malawi24, Malawi's #1 independent news platform. NOCMA has been duped K700 million in fuel procurement Read the full article and more Malawi news at Malawi loses K700m in NOCMA cyber heist">Malawi24 — Breaking news, politics, business, sport and entertainment from Malawi and Africa, updated 24/7.