Home | World | Africa | POSB boss steps down
Death Toll Rises As Heavy Flood Sweeps Across Ghana, See The New Number
Complete Shock as Over 2000 Bodies are Dug Up at Popular Diamond Fields in Zimbabwe

POSB boss steps down

POSB general manager (finance) Patience Shuro has stepped down after the board decided to renew her contract by only six months to give it enough time to study details of the forensic audit instituted to establish the circumstances that saw the bank failing to recover $9,6 million from Zimpost under a Service Agreement.
In terms of the agreement, ZimPost agreed to conduct deposit and withdrawal transactions through its branch network, to submit daily and monthly transaction vouchers within a specified time, to bank funds into various agreed bank accounts and to remit any excess amounts of deposits over withdrawals within a week.

POSB would pay ZimPost a 2 percent commission on the value of deposits collected and withdrawals made in retrospect seven working days after all transactions had been received and accounted for that prior month.


CLICK HERE TO READ MORE FROM: Africa Visit website

view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

1 2 3 4 Displaying 1 - 100 of 301