Information sourced by FaceofMalawi indicates that FDH Financial Holdings Limited has sent on force leave Malawi Savings Bank (MSB) Chief Executive Officer Ian Bonongwe and his Deputy Head of Corporate Banking Services, Mervis Mangulenje.

The development comes barely a week after the management also sent MSB Deputy CEO Kayisi Sadala and Treasury Manager Million Hera on force leave after discovering that the two accumulating 88 and 140 days of leave.

According to information at hand Bonongwe and Mangulenje have been sent on leave to exhaust their outstanding leave days.

Bonongwe confirmed of the development in an interview with one of the local daily papers in the country [Nation Newspaper].

Meanwhile FDH Holdings Limited owner Thom Mpinganjira has appointed head of corporate banking services Ted Chanza as acting CEO.