BancABC MD Sent on Forced Leave Pending Final Exit
23 February 2023
HARARE – BancABC Zimbabwe managing director Lance Mambondiani has been sent on forced leave pending investigations into alleged malpractices.
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Mambondiani, who joined the banking group in 2019, is reported to have fallen out with the board over a protracted period on issues relating to misgovernance and fraudulent practices, according to impeccable sources.
This will be the second time that Mambondiani leaves a bank CEO post unceremoniously after his exit from Steward Bank in 2019.