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Mama Mdogo

Mama Mdogo

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Mama Mdogo

Mama Mdogo

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2008-01-25 08:59:20
By Guardian Reporter


The management of the Bank of Tanzania has removed senior members of staff involved in the operation of the External Payment Accounts (EPA) during the financial year 2005/2006, pending appropriate review of their roles. A BOT statement said those removed have been replaced by other appropriately qualified staff. It however, did not say whether they have been suspended or transferred to other departments. The statement said the central bank`s management had also suspended EPA account operations pending review of the procedures and status of the account. According to the statement, the changes are part of the bank`s strategy to reorganize management positions so as to improve governance at the central bank. President Jakaya Kikwete early this month appointed Prof. Benno Ndulu as new BoT governor to replace Dr Daudi Ballali, who was sacked after the central bank, under his leadership, occasioned losses through dubious payments and dealings with phony companies in 2005.

A new board of directors of the bank was appointed soon after Prof. Ndulu`s appointment. The board was inaugurated by the Minister of Finance Zakia Meghji last week. President Kikwete also named a task force that would make thorough investigations and prepare groundwork for legal actions for people implicated in the EPA scandal. The task force that started business early this week comprises the Attorney General, Inspector General of Police and the Director of the Prevention and Combating of Corruption Bureau.
Under the bank`s new set up, according to the statement, the BoT audit committee will now exclude the governor both as chairman and as a member. The audit committee will be chaired by a non-executive director and will also comprise mainly of non-executive directors.

Furthermore, positions previously occupied by personnel in acting capacity for a long period of time have been filled. These are the offices of the secretary of bank and deputy director debt department, which were heavily involved in the operation of the EPA account. The statement said the new board had noted with satisfaction the effectiveness of external auditing in assisting to bring to light the irregularities in the operation of the EPA account, and in identifying weakness in systems and controls as pointed in the audit reports.

The Board has directed the management to strengthen the audit so as to enforce controls and catch problematic operations as they emerge to supplement the good work of the external auditors, reads part of the statement. Efforts to get Prof. Ndulu to comment further on the new changes proved futile as he was said to be out of the country.

SOURCE: Guardian (http://www.ippmedia.com/ipp/guardian)
 
Kana-Ka-Nsungu

Kana-Ka-Nsungu

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Kana-Ka-Nsungu

Kana-Ka-Nsungu

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'Senior members of staff'???- it sounds like another danganya toto, kwanini kama ameamua kutoa taarifa kama hii asitoe kitu kamili, kuna ubaya gani kutaja majina ya hayo wahusika hapa?
 
Nyambala

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Nyambala

Nyambala

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Tusubiri tuone huwa hawakawii kuyakana maneno yao wenyewe hapo baadae!!!!!!!!
 
RR

RR

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RR

RR

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Huu wimbo wa BoT + Ufisadi umeanza kunichosha....... ni wakati wa action not otherwise. Mfwedhwa yetu yarudi.
 
Kafara

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Kafara

Kafara

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Huu wimbo wa BoT + Ufisadi umeanza kunichosha....... ni wakati wa action not otherwise. Mfwedhwa yetu yarudi.
usichoke ndugu yangu kwani hilo ndo mafisadi wanalotaka litokee, hivyo utakuwa umewapa ushindi
 
Kana-Ka-Nsungu

Kana-Ka-Nsungu

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Kana-Ka-Nsungu

Kana-Ka-Nsungu

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We have not fired anyone-BoT

2008-01-28 09:14:41
By Rose Mwalongo

As part of a major shake-up currently on at the Bank of Tanzania, the new management under Prof Benno Ndulu, has transferred from their previous positions, some members of staff in the central bank�s External Payments Arrears (EPA) account.

BoT Deputy Governor Enos Bukuku gave the information to The Guardian during a recent interview.

``We have not fired anyone so far, but have transferred some of the staff from their previous positions,`` said Bukuku, declining, however, to link the move to efforts being made to pave the way for an investigation to take place.

Bukuku said details regarding steps taken to push forward the investigations would be issued by the government�s special task force appointed to deal with the investigation.

His remarks come at the heels of the central bank statement, which stated that the management had removed some of its senior members of staff involved in the operation of the EPA during the financial year 2005/2006, pending appropriate review of their roles.

The central bank statement, which was issued last week and signed by Prof Ndulu, said those removed had been replaced by other appropriately qualified staff, but did not specify whether they had been suspended or transferred to other departments.

Neither did it reveal the names of those who were affected or their positions.

``The central bank`s management has also suspended the EPA account operations, pending review of the procedures and status of the account.

The changes are part of the bank`s strategy to reorganize management so as to improve governance,`` read the statement, in part.

President Jakaya Kikwete appointed Prof. Benno Ndulu as the new BoT governor early this month to replace Dr. Daudi Ballali, who was sacked after the central bank under his management, occasioned losses through dubious payments and dealings with phony companies in 2005/06 through the EPA account.

* SOURCE: Guardian
 

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