December 23, 2020 Quentin Mzumara & Owen Khamula – Nyasa Times 9 Comments
The Industrial Relations Court (IRC) has stopped a disciplinary hearing which the National Economic Empowerment Fund Ltd board (Neef) – formerly Medef – had set for its four top managers on Tuesday.
Suspended Need Chief Executive Officer, Mervis Mangulenje: Court has ordered Need board to put on hold disciplinary hearing
Neef board had summoned its suspended chief executive officer Mervis Mangulenje, Head of Finance Hilarious Nampota, Head of Credit Edwin Visabwe and Head of Operations Alexon Mwakhula to a disciplinary action on December 23 following an audit at the institution and their subsequent suspension.
The four are not comfortable to appear before the disciplinary hearing panel because among others they fear the panel is meant to rubber stamp President Lazarus Chakwera’s announcement that there would be new management at Neef.