NSSA’s top bosses fired over corruption

via NSSA’s top bosses fired over corruption – NewZimbabwe 19/10/2015

THE entire top management team at the National Social Security Authority (NSSA), including chief executive James Matiza, has been fired on allegations of gross incompetence and the abuse of funds.

The dismissal were part of a “major restructuring” exercise being implemented by the authority’s new board.

Fired with Matiza were investment director, Shadreck Vera, finance director Patrick Mupani, corporate services director, Tendai Mafunda, and ICT director, Bright Chidyagwai.

NSSA confirmed the dismissals in a brief statement on Monday.

Chairman Robin Vela, said a member of the board would replace Matiza on an interim basis.

“NSSA board member, Mr. Hashmon Matemera, the former group managing director of BancABC Zimbabwe, will act as interim general Manager until a substantive general manager has been identified,” read the Statement.

“Mr Matemera is not a candidate for the substantive position and his acting appointment will not extend beyond the latest date of 31 March 2016 under any circumstances. Further announcements will be made in due course.”

A report seen by NewZimbabwe.com showed that the dismissed managers faced a raft of allegations including flouting tender procedures and buying themselves mansions and luxury vehicles.

Directors were accused of allocating themselves stands at NSSA housing projects for free, giving themselves interest free loans.

Companies linked to the directors were also said to be among NSSA’s leading suppliers.

Last year legislators expressed concern at the manner in which the authority which has investments in most of the companies on the stock exchange was being run.

Parliament’s Public Accounts Portfolio Committee was, at the time, told that eight of the top managers at NSSA owe the organisation more than US$1,7 million in outstanding loan repayments.

Other employees owe the institution a combined US$18,9 million, bringing the total internal staff lending to about US$23,6 million.