The latest revelation forms part of a string of allegations against NHE, which has been widely accused of not executing its mandate to provide affordable housing to the poor and middle-income groups.
The land deal in which Nandago is alleged to have been involved is in Walvis Bay’s upmarket Meersig area.
Questions have now been raised about why NHE wanted land in upmarket areas, while its mandate is to provide housing to low and middle-income groups.
Nandago confirmed on Wednesday that NHE wanted to acquire Erf 729, which is adjacent to a block of flats that the company was also interested in. The property forms part of Meersig’s Portion 166.
The erf, Nandago said, belong to his under-aged son.
He said that if they had concluded the deal his under-aged son would not have accessed the money until he reached the age of 18.
The board chairperson on Thursday maintained that he only negotiated the aborted deal on behalf of his under-aged son.
Question have also been raised about who initiated the deal, which according to Nandago fell through.
The Namibia Financial Institutions Union (Nafinu) issued a statement on Wednesday in which they called on the Anti-Corruption Commission (ACC) to investigate the Meersig property deal.
Nafinu said Nandago had “compromised himself and his position by involving himself in dubious dealings”.
The union also questioned the relationship between NHE CEO Vinson Hailulu and Nandago.
The NHE has repeatedly made the headlines over the last two months for various controversies.
These include granting Hailulu a N$250,000 bonus even though the company has failed to deliver on its mandate, and selling a house to a deputy minister who is considered a high earner.
Nandago said the bonus to Hailulu was based on performance. “According to the NHE Act the board can decide to award up to 30 percent of the total salary of the CEO,” he was quoted as having said in recent media reports.
Hailulu faces 13 charges of corruption from the Anti-Corruption Commission.
Meanwhile, he has sued ACC, NUNW and Nafinu in his personal capacity but the NHE allegedly bankrolled his legal bills.
According to media reports the NHE has so far paid N$800,000 in legal fees for Hailulu.
This newspaper could not reach Hailulu for comment on Wednesday and Thursday because he was reportedly locked up in meetings.