Home Zimbabwe News NetOne CEO Fired Barely 24 Hours After Being Reinstated

NetOne CEO Fired Barely 24 Hours After Being Reinstated

NetOne CEO Fired

In a dramatic turn of events at NetOne,  CEO, Mr. Lazarus Muchenje’s turbulent tenure dramatically ended after he was fired barely 24 hours after he had just been reinstated back to the position.

iHarare learned from a local publication Herald that,  Muchenje had been suspended earlier this year, to pave way for investigations. He was accused of fraud and criminal abuse of office during his tenure.

He was only notified of the board’s decision to fire him early yesterday morning, barely less than 24 hours after they had him reinstated.

Muchenje managed to challenge his suspension in court, which led to his successful reinstatement on Thursday evening.

He was reinstated on Thursday in line with the Labour Act procedure before they dismissed him ‘procedurally’ on Friday.

NetOne Board has written to Muchenje today announcing that they have fired him, a move they could only achieve after reinstatement. The reinstatement was only done to follow labor court procedures, before relieving him of his duty,” alleged a source.

Despite NetOne recently dropping all the charges laid against Muchenje, they no longer had confidence in him and they saw it as an easier way than to deal with the current court battles.

The company decided to exercise its right in terms of the Labour Act (Chapter 28:01) and in terms of the common law to terminate his contract of employment on notice.

The notice period would end on October 31, 2020, and Muchenje would immediately be paid his salary and benefits for the duration, but without him having to report for work.

Muchenje was ordered to surrender all company property in his possession to the enterprise Risk manager.

He has a pending court case along with six other NetOne executives and a former legal trainee in which they are all facing eight counts of criminal abuse of office and fraud.