Categories: Stories

NSSA suspends Matemera over $330 million externalisation allegations

The National Social Security Authority (NSSA) has appointed Henry Chikova as the acting General Manager of NSSA,  replacing Hashmon Matemera who is facing allegations of externalising $330 million when he was still managing director at BancABC.

The NSSA board said the state-run pension fund was committed to good corporate governance, transparency and acting decisively and in the interest of its stakeholders.

Matemera appeared in court yesterday but was not asked to plead when he appeared before provincial magistrate Vakai Douglas Chikwekwe.

He was granted a $10 000 bail and remanded to June 15.

“It’s important to note that Matemera’s allegations relate to the period before his appointment to NSSA Board.

“In order to enable Matemera the space and time to deal fully with the allegations, he has been relieved from his duties as Acting General Manager of NSSA. In the interim, Henry Chikova will with immediate effect act as the General Manager of the Authority.”

Charges against Matemera date back to 2011 when he was still the managing director of Bank ABC when Jinan Mining was formed through a joint venture agreement with Marange Resources, a subsidiary of the government-owned Zimbabwe Mining Development Company and a Chinese company, Anhui.-The Source

(146 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on May 11, 2016 6:30 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

ZiG kicks off week on a positive note

Zimbabwe’s currency, the ZiG, kicked off the week on a positive note after firming to…

May 13, 2024

Why Zimbabwe white farmers lost their R2 billion land damages claim in South Africa

Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South…

May 12, 2024

Africans-including Zimbabweans- must now tell their own stories- ADB president

Africans must now tell their own stories because if they continue to denigrate themselves they…

May 11, 2024

Zimbabwe quarterly taxes to force businesses to sell products in ZiG

Quarterly taxes, which are due next month, will force businesses to sell a quota of…

May 11, 2024

Zimbabweans may soon be able to change ZiG to US dollars and vice-versa on their phones

Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…

May 10, 2024

Tshabangu says it will take 67 years to complete the Bulawayo-Nkayi Road at the current pace

Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…

May 10, 2024