One of the Directors at FISD Malawi Limited Engineer Frank Mwenechanya has resigned from being a board member of National Construction Industry Council (NCIC) with immediate effect.
This has been disclosed in a letter addressed to Chief Secretary in the Office of the President and Cabinet (OPC) Zanga-Zanga Chikhosi dated November 16, 2020 seen by this publication.
Mwenechanya has cited the recent arrested of FISD Directors suspected misappropriating of government fund as the main reason for his resignation.
“It is with deep regret to inform you of my decision not to be part of the members of the Board of NCIC as per your circular dated September 23, 2020.
“The decision is in line with the current developments where the state opened a criminal case against me and other three Directors/ Shareholders of FISD Limited Company. Due to this my moral standard to the society is compromised and for the integrity of the board and appointing authority it will not be right to serve in NCIC Boards,” reads in part the letter.
Government is yet to comment on the matter..
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