Saturday, April 27, 2024
Newsletter

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Zomba City Festival

Fri, 26 Apr 2024 10:00:00 UTC @ Botanic Garden - 2024 Zomba City Festival is schedulled to take place on 26 to 28 April at Botanic Garden in Zomba This is a festival for all ages in the historic mountain city of Zomba. Celebrate Cultu... More Info
Njuchi Day

Sat, 27 Apr 2024 10:00:00 UTC @ New Village House (Kampala Manase) - Elinationa And No Limit Presents Njuchi Day Music show with Njuchi Zitatu. The show will take place at New Village House in Manase on 27 April 2024 and it will have music performances b... More Info

ARET CEO Andy Khumbanyiwa, two others suspended over MK156 million fraud

National News
Robert Ngwira
Author: Robert Ngwira
Less than 1 min.read

Agricultural Research and Extension Trust (ARET) Chief Executive Officer Andy Khumbanyiwa has been suspended for allegedly defrauding the company money amounting to MK156 million in dubious payments.

The company has also suspended Finance and Administration Manager Jonathan Mwakiyelo and Investments and Business Development Officer Wesley Mwamadi for allegedly having a hand in the fraud allegations.

This has been disclosed in a letter dated November 29, 2018 addressed to Khumbanyiwa seen by faceofmalawi reporter.

According to the letter, the decision to suspend the three was made during an emergency board meeting held on November 28, 2018.

“The board resolved that you should be suspended from duties with effect from today November 29, 2018 to pave way for the thorough investigations,” reads in part the letter.

The board has also ordered Khumbanyiwa to return the company’s laptop by today.

Subscribe to our Youtube Channel:

Related Posts

Previous article
Bossaro Ice Ready to Set the Festive Season on Fire with “Captain December”
Next article
Tidziwe Multiplication -JICA Volunteers Made Chichewa Multiplication Song
Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles

Faceofmalawi

About us

Your go-to destination for timely and thought-provoking news from around the world. Our blog is dedicated to delivering well-researched, engaging, and diverse content that covers a wide spectrum of topics, including breaking news, in-depth analyses, technology trends, cultural shifts, and more.

Latest Articles

Slayqueen Cries As Soldier CHEWED Her All Night Without Payment 

Trending
A young Ghanaian woman has recounted a distressing experience...

Flash floods kill 155 people in Tanzania

World News
At least 155 people have died in floods and...

Bishop Peter Chifukwa asks government, NGOs to empower men economically

Local Malawi News
Bishop of Dedza diocese Peter Adrian Chifukwa has asked...

Upcoming Shows

Zomba City Festival

Fri, 26 Apr 2024 10:00:00 UTC @ Botanic Garden - 2024 Zomba City Festival is schedulled to take place on 26 to 28 April at Botanic Garden in Zomba This is a festival for all ages in the historic mountain city of Zomba. Celebrate Cultu... More Info
Njuchi Day

Sat, 27 Apr 2024 10:00:00 UTC @ New Village House (Kampala Manase) - Elinationa And No Limit Presents Njuchi Day Music show with Njuchi Zitatu. The show will take place at New Village House in Manase on 27 April 2024 and it will have music performances b... More Info

Subscribe

© tagDiv. All Rights Reserved. Made with Newspaper Theme.