On 19th July 2012, the Board of Directors of the National Bank of Commerce announced that Mr Lawrence Mafuru, the Managing Director of National Bank of Commerce had been requested and accepted to go on leave in order to allow investigations into irregularities allegedly perpetrated at the Bank.

The allegations which originated from a whistleblower report raised issues around irregular governance practices, fraud and corruption against the NBC Executive Management team. Driven by the values of the Bank and need to maintain high standards of good corporate governance the Board of Directors of National Bank of Commerce initiated thorough investigations into all the issues raised by the whistleblower with a view of establishing the validity of the allegations for appropriate actions to be taken.

Speaking about the investigation, the Chairman of the NBC Board of Directors Dr Mussa Juma Assad said, I am pleased to say that the Board has resolved appropriately all the matters arising out of the investigation and that Mr Mafuru will be returning to work immediately.’’

Dr Assad further said that, “it was a necessary process for all the stakeholders in our business, be they customers, employees, shareholders, regulators and the public at large, that a thorough investigation take place to ensure that our executive management is indeed running the bank in accordance with the best corporate governance processes.’’

Mr Mafuru, who has returned to work after a two month leave said, ‘’I am very happy that we have reached this point. As I pointed out previously, after investigations, our customers, employees, shareholders, regulators and the public will have a lot more confidence in NBC. Although this was a difficult period of my career, I remain very positive that this process was necessary for the interest of an organisation that embraces good governance practices. We will put all this behind us now and focus on what we do best and that is serving our customers through our conveniently placed delivery channels across the country.’’
  

BOARD OF DIRECTORS NATIONAL BANK OF COMMERCE

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Tanzanian blog operating since 2005, covering International news and Local News, including Politics, Fashion, Social Scenes, Interviews, Movies, Events, personalities and anything positive happening worldwide. Written in Swahili and English targeting both Swahili and English readers.

Toa Maoni Yako:

Kuna Maoni 6 mpaka sasa

  1. Mmeziona mivu na mbichi za majungu kazini?

    Jamaa Mafuru ni jembe miongoni mwa Wakuu wachache wa Mashirika na Taasisi nchini Tanzania!

    Mifano ya watu vifaa na Taasisi za Kifedha walizopo kama yeye ni kama hawa hapa:

    1.Prof. Benno Ndulu-BOT
    2.Gabriel D.Y Kitua-DSE
    3.Dr.Ramadhan K. Dau-NSSF
    4.Dr.Abeid Gasper-IFM
    5.Rished Bade-TRA/ TMRC
    6.Yona Killagane-TPDC
    7.Dr.Charles Kimei-CRDB

    Hawa jamaa 7 hapo juu akiwemo Ndg.Lawrence Mafuru na Waziri wa Fedha Dr.William Mgimwa watu hawa 9 kama watakaa pamoja au wakiweka mwelekeo mmoja kuhusu azma nafikiri tunaweza kupata mwelekeo ktk vyombo vyetu vya Kifedha!

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  2. Great!!!! Congratulations Mr Mafuru I am proud of you for being among of middle age if not young Directors performing wonders in this country specifically in banking industry. God bless you

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  3. hakika umesema kweli mchangiaji wa kwanza, ila mimi Dr. Ramadhani Dau wa NSSF namkubali mno,pia Dr. W.Mgimwa nae naona mambo si mabaya anajitahidi,wengine siwafahamu sana ila cha muhimu ni kuwapa ushirikiano kwa nafasi zetu ili angalau tupumue jamani.kuna watu waadilifu bwana asikudanganye mtu, achana na akina "vijisenti" na "naachia ngazi"

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  4. Kama ni Fitina hao waliomwaga fitina hiyo huko kwenye Bodi ya Makaburu pana uwezekano wametoa aina ya RUSHWA mbayo siyo Fedha !

    Kwa sababu hiyo Bodi ni ya Mabosi wa Benki ambao fedha sio mahitaji yao hawana shida, Watoa fitina (Kama ni Wanaume au Wanawake) watakuwa wamegawa 'mzigo' kwa Makaburu kama rushwa ili fitina ipite!

    Na sasa limewashuka kupakuliwa wamepakuliwa wamebakia na maumivu na jamaa huyooo amerudi Ofisini!

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  5. Karibu bw. Mafuru. Taasisi kubwa kama hiyo ABSA haiwezi kukurupuka kuchunguza majungu tu. Ni taasisi makini sana na shughuli zake ni njeti. Kwa mfano suala la reputation ni nyeti sana kwao. Kwa kawaida hata kama madudu yamekutwa, si kawaida kumfukuza CEO kwani hivyo kutasababisha reputation mbaya sana na pia bodi itabidi iwajibike pia. Hivyo kawaida ni kuwa hata kama madudu yamekutwa ni kawaida kumrudisha CEO alafu kumdhibiti na baadae wateja wakishatulia kufanya mabadiliko ya watendaji. jo.bura dar.

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  6. Good! I love that.

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