By Talent Gondo- Steward Bank, part of the Econet group, has sacked the financial institution’s CEO Lance Mambondiani over alleged misuse of foreign currency.

It is reported that Econet owner Dr. Strive Masiyiwa personally made the call to release the UK-trained banker from his contract who has been at the helm of the bank for the past four years.

Dr. Mambondiani joined the bank a few years ago as the acting CEO when Kwanele Ngwenya had allegedly been forced out of Steward Bank. This paved the way for the appointment of Lance who was said to have been hired on a temporary basis.

This is a developing story. Refresh this page for latest updates.