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FINCA Supervisor Arrested For Embezzling MK19 million

Police in Nkhata-Bay have arrested a 31-year-old Tionge Mwenda who is a supervisor at Foundation for International Community Assistance (FINCA) under Nkhata-Bay branch on allegations that he swindled K19 Million within the months of April and May, 2023.

Nkhata-Bay police spokesperson, Sergeant Kondwani James told the press that, Branch Manager, Ulemu Kanthambi, on May 11, 2023 is said to have gone to a meeting in Mzuzu and handed over some operations to loans officer Julius Ng’uni.

He said, as part of their job, every employee is allowed to access cash from the vault, so long as they update transactions in the cash movement register.

When the manager returned on May 16, 2023, he called for the meeting to account the transactions which were carried out over the period he was out, through the transaction register he noticed the missing of the said amount.

James said upon questioning, Mwenda who hails from Zowani Village in Traditional Authority M’bwana in Nkhata-Bay district admitted to have mismanaged the money leading to his arrest and charged with theft by servant.

He is expected to appear before court soon.

Source:ZBS

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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

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