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Energy Minister Suspends Entire Petrotrade Board Of Directors

Energy Minister Suspends Entire Petrotrade Board Of Directors

Energy and Power Development Minister, Zhemu Soda, has suspended the entire Petrotrade Board of Directors pending investigations into matters of corporate governance.

Board members were:

1). Tinomudaishe Chinyoka, a lawyer, board chairperson

2). Zanele Dube, deputy chair

3). Gladys Mumhure,

4). Simbabrashe Eric Mhuriro,

5). Ferida Matambo,

6). Getrude Marabada,

7). Godfrey Ncube,

8). Dakarai Mukuku,

9). Lilian Timveos, MDC Alliance defector.

In a statement, seen by Pindula News, Soda said he will be appointing a team to initiate investigations. We present the statement below:

PRESS STATEMENT ON THE SUSPENSION OF THE PETROTRADE BOARD

While the Board of Directors for Petrotrade was appointed in terms of Section 11 of the Public Entities Corporate Governance Act, with the concurrence of His Excellency the President of the Republic of Zimbabwe, I have today, 9 March 2022 suspended the entire Board, pending investigations into matters of corporate governance.

I will be appointing a team to look into the matter, whose findings will inform the way forward.

Petrotrade (Private) Limited is a private company, wholly owned by the Government of Zimbabwe. It is a successor Company to the former National Oil Company of Zimbabwe (Noczim). 

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6 Comments

Kodzo 3 months ago

If all those people were wrong, even himself as a leader or minister is also wrong and must be fired by his excellence comrade ED
FINITO
May ZACC work on this guy
He is trying to be clever for nothing
He is a big corruptive boss
Deal with him ZACC


Au 3 months ago

Hmmm unoshaya zvekutaura


🙄 3 months ago

Fuel crisis starts and now this🙄.
I see a serious leakage of fuel into the black market courtesy of this minister and his peers. Pockets about to get fat.


Murozvi 3 months ago

Hope it's for the good of the nation not as a way to loot during this energy crisis


factos 3 months ago

shanas fighting amongst themselves


brain 3 months ago

Shame.


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