Turmoil hits National Building Society

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NATIONAL Building Society (NBS) managing director Lameck Danga is set to leave the National Social Security Authority (Nssa)-owned mortgage lender at the end of September, as turmoil continues to hit the five-year old bank.
His departure also comes barely two months after the bank’s chief financial officer Ethel Chitanda was “fired” or released for “disruptive behaviour and conduct in June, July” — under a matter exclusively reported by the Financial Gazette a fortnight ago.

“…for the sake of business continuity and smooth transition, Danga will be working with the head of treasury, John Mapiye, on a handover-takeover basis,” NBS chairman Stan Kudenga said in an August 31 memo, adding a process to find the ex-BancABC senior staffer’s replacement has already started and the bank’s treasurer would assume an acting role for now.
“The board is grateful to… his leadership and contribution.. from September 01, 2015 when he joined the society as its first head of retail banking and later on as MD from March 2018,” he said.