Bulls n Bears Special Broadcast :: NetOne CEO sues Supa Mandiwanzira

[Bulls n Bears]

In a dramatic turn of events in the raging NetOne saga TechnoMag reported
that NetOne CEO, Mr Lazarus Muchenje filed an urgent High Court Chamber
application seeking to sue Minister of ICT and Cyber Security Supa
Mandiwanzira, 6 Board members, 9 fired executives as well as the Office of
the President and Cabinet representative, Chief Secretary to the President
Dr Misheck Sibanda.

 

Through his lawyer Chipo Sachikonye of Dube, Manikai and Hwacha Associates,
Lazarus Muchenje is urgently seeking relief in the form of a prohibitory
interdict against Board Members that he recently fired in accordance with
what he definitively says are proper company governance structures and
procedures.

 

Muchenje argues that a meeting convened at a private residence and during
the weekend on Saturday the 28th of July in Greendale where he was invited
under the guise of a friendly discussion was illegally convened and all its
resolutions must forthwith be declared a nullity.

 

 

The NetOne youthful Boss invokes provisions of the law governing the
government owned mobile network provider saying the meeting was not only
unlawfully convened, it had no notice or agenda blatantly violating NetOne
corporate governance procedures and he will not be forced to rubber stamp
some twisted political directive from Minister Supa Mandiwanzira.

 

"The law is clear: the failure to give adequate notice to ALL directors
entitled to attend a Board of Directors meeting of a company renders the
meeting irregular and all resolutions adopted thereat a nullity and of no
force and effect," he said.

 

In an unwavering threat to Minister Super Mandiwanzira, Muchenje says his
lawyers are on standby to furnish the courts of law on precisely how the
Minister has clearly breached the letter and spirit of the Zimbabwean
Constitution and all its supporting legislation namely the Administrative
Justice Act and most importantly the Public Entities Corporate Governance
Act which was enacted to curb such corrupt tendencies from politicians.

 

Muchenje further notes that management and control of the company's
business are the prerogative the Chief Officer and in this case its Mr
Lazarus Muchenje who wields this authority.—bulawayo24.com 

 

 

 

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