Tanzania: NBC Boss' Fate Soon

Grahamstown, South Africa — THE Board of Directors of NBC Limited will anytime from now announce the fate of the Bank's Managing Director, Lawrence Mafuru, who went on forced leave two months ago to pave way for investigations into allegations of irregularities against NBC Executive Management.

The Chief Executive of Barclays Africa and Head of Africa Group Strategy, Mr Kennedy Bungane, said here on Monday Evening that the investigations had been completed."Independent investigations have been accomplished and the report forwarded to the board for the last decision. I talked to the board chairman who was out of the country and he told me that he would be back this week.

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