Mafuru resigns from NBC

Mafuru resigns from NBC

BAK

BAK

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Monday, 24 December 2012 | By The Citizen Reporter

The managing director of National Bank of Commerce (NBC), Mr Lawrence Mafuru, has resigned from the financial institution to which he had been reinstated about two months after a three-month suspension spell.

Mr Mafuru was suspended by the board of directors in July to pave the way for investigations into alleged irregularities within the National Bank of Commerce (NBC). The allegations which originated from a whistleblower report raised issues around irregular governance practices, fraud and corruption against the NBC executive management team.

The statement issued upon his reinstatement in October, and which was signed by board chairman Dr Musa Assad, pointed out, in part, that, the board "had resolved appropriately all the matters arising out of the investigation."

Mr Mafuru told The Citizen yesterday that his resignation starts effective December 24 as he looks for other opportunities.

"I am a professional banker and think it is high time I pursued other opportunities outside the bank," he said, adding: "After four years of a very progressive career at NBC, first as country treasurer since August 2007 and later as chief executive officer since June 2010 to date, I think that it is appropriate to seek other challenges elsewhere and allow others to steer the ship at NBC."

The head of Marketing, Communications and Corporate Affairs at NBC, Ms Mwinda Kiula-Mfugale , confirmed to The Citizen that it was true that Mr Mafuru has resigned, but said she would issue a statement only after getting instructions from the board of directors.

Mr Mafuru was appointed managing director of one of the largest financial service providers in Tanzania in June 2010, succeeding Mr Christo de Vries from South Africa.

NBC is one of the oldest banks in Tanzania, tracing its origins to 1967 when the government nationalised financial institutions, including banks, before the banking industry was deregulated in 1991.

In 1997, NBC was split into three separate entities – NBC Holding Corporation, National Microfinance Bank (NMB) and NBC (1997) Limited.

In 2000, South Africa's Absa Group Limited acquired a majority stake in NBC (1997) Limited. The government retained 30 per cent shareholding and the International Finance Corporation (IFC), a member of the World Bank Group, took a 15 per cent stake.

Speaking of the success he has had with the bank in the four years that he worked with it, Mr Mafuru remarked: " I am very satisfied with the success I have had especially on the transformation agenda of NBC operations. We now have a much cleaner balance sheet, a stronger pool of talented young men and women; our customer experience has improved relative to where we are coming from and even more important we are well positioned for strong and sustainable growth in the next three years."

He added: "On a personal note, I have had the opportunity to grow and develop professionally – I have grown both as business manager and a leader not only in the bank but also at industry level where I was privileged to serve as Chairman of Tanzania Bankers Association; I take pride that I also have been actively involved in shaping the future of banking in Tanzania."
 
mimi kama mteja sijaona mabadiliko yoyote anayosema or the so-called achievements, i guess i am just too reluctant to 'see' kivazi cha mfalume/
 
Pamoja na kwamba hakuna any positive changes kwenye bank.... I gie it to mafuru

That is the way to go
 
The managing director of National Bank of Commerce (NBC), Mr Lawrence Mafuru, has resigned from the financial institution to which he had been reinstated about two months after a three-month suspension spell.
Mr Mafuru was suspended by the board of directors in July to pave the way for investigations into alleged irregularities within the National Bank of Commerce (NBC). The allegations which originated from a whistleblower report raised issues around irregular governance practices, fraud and corruption against the NBC executive management team. The statement issued upon his reinstatement in October, and which was signed by board chairman Dr Musa Assad, pointed out, in part, that, the board “had resolved appropriately all the matters arising out of the investigation.”
Mr Mafuru told The Citizen yesterday that his resignation starts effective December 24 as he looks for other opportunities.
 
mmhm kwa taarifa za ndani zinadokeza kuwa tuhuma alizotuhumiwa nazo zina ukwel kwa kiasi kikubwa ila kutomharibia heshima yake mbele ya jamii ndo wakakubaliana kuwa wamrudishe alaf baadae aache kazi akishapata sehem nyingne. ukitaka kujua ukweli juu ya hili ni kuwa toka baada ya kurudishwa ofcn alikuta ABSA wamemleta acting MD mzimbabwe Mafuru alikuwa ni kama anakabidhi ofc na taarifa zilizopo ni kuwa amepata kaz kampuni kubwa ya mafuta iliyobadisha jina hvi karibun! lets wait n kama hatoanza kazi hyo mpya kama MD kwny hiyo kampun ya mafuta! nawasilisha
 
Abdulhalim said:
mimi kama mteja sijaona mabadiliko yoyote anayosema or the so-called achievements, i guess i am just too reluctant to 'see' kivazi cha mfalume/
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wewe ni mteja Tu.huwez ukajua mafanikiao ya NBC uliza Top level management ,middle level na wafanyakazi wengine coz mafanikio wanayajua wana NBC wenyewe.
 
Mafuru is good but not that much, managing director wa kitanzania wote wanafanana tofauti ni majina tu na kabila zao..

Kama mtu upo fiti kwa nini usijaribu challenge kwenye opportunities za kueleweka duniani,, why not to find opportunities in a reputable company around the globe as sony group japan, samsung group korea, google, huawei china, maerskline,, ericsson sweden, Toyota japan, honda, nissan au volkswagen group germany etc... Nina imani huko ndo kweye proffessionalism ya ukweli as unatoa decisions zinazo affect the world..

Nilikuwa nacheki snbc ile business television kwenye dstv.. Kuna mkenya alitoka bank of kenya alikuwa managing director aliona wanamzingua enzi za moi akaelekea zake sony akawa finance manager sony group na alikuwa anafanya vitu vinavyo effect sony dunia nzima na wakakubali jamaa ana uwezo..

Na mishahara utayolipwa huko group si mchezo ni madolari ya kufa mtu,, japokuwa huko hakuna kuiba kizembe zembe maana unacheza na auditors wa groups.. As kama na ernest and young, pwc or kpmg wanaofanya audit kwenye kampuni kubwa nao wanatoka headquarter wa hizo firms so hawakuachi kizembe zembe.. Sio bongo unampangia auditor hadi sample za kumpatia na yeye anacheka cheka tu
 
Jangakuu said:
wewe ni mteja Tu.huwez ukajua mafanikiao ya NBC uliza Top level management ,middle level na wafanyakazi wengine coz mafanikio wanayajua wana NBC wenyewe.
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Hapana, Unaweza kujua mafanikia ya NBC kirahisi sana. Wanachapicha machapisho ya taarifa muhimu kila miezi mitatu. NBC Ilipashwa kuwa ni Bank namba moja nchini. Lakini kuna makosa mengi yanafanyika ndani ya NBC ikiwa ni pamoja na kudharau na kuwadhalilisha wafanyakazi hususani wale wenye uzoefu au wa muda mrefu. Mfanyakazi yeyote akihisi yeye si sehemu ya mradi ni tatizo. Ushirikishwaji ni muhimu sana. NBC Inasuasua. Kosa jingine, Mafuru hakupaswa kufukuzwa kazi, kusimamishwa kama ilivyotokea kwani benki siyo daladala. Kumyang'anya funguo ya gari dereva wa daladala ni kitu kidogo, si kumsimamisha Mtendaji Mkuu wa NBC Kwani yeye na NBC HUWA HAKUNA TOFAUTI. Huenda kinachojiri ni kujisafisha na kurekebisha makosa ili kuacha jina na imani ya wateja.
 
Ni uamuzi wa busara though too late
Zile allegations zimeturnish image yako big time
Anza na jipange upya all the best
 
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