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 advising that Mozhandling Limited had changed its banking details.
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