Bulawayo Agenda executive director Annastacia Moyo and financial director Titshabona Ncube have resigned from the troubled non-governmental organisation amid reports of alleged gross financial mismanagement.
Board chairperson Kucaca Phulu confirmed the developments yesterday.
Moyo tendered her resignation to the Bulawayo Agenda board of trustees on Friday last week while Ncube terminated his contract the previous day.
The pair left the organisation after NewsDay last week published a damning internal report questioning some of the transactions allegedly authorised by the two directors.
In her brief resignation letter, Moyo said: “I wish to resign from my post as executive director of Bulawayo Agenda Trust with immediate effect. This is due to personal reasons.
“May I take this opportunity to thank you for all the support you gave me from the time that I worked as the executive director of the organisation.” Ncube said he had resigned to “pursue further interests”.
Phulu yesterday said they were planning to hold an urgent board meeting to map the way forward.
“Internally, we have human resources (department) that is able to make sure that there is continuity,” he said.
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Phulu, however, chose to downplay reports of financial mismanagement levelled against the pair, saying the two were being probed for failing to properly manage the organisation’s debt and rentals issue.
But, NewsDay investigations revealed Bulawayo Agenda had liabilities amounting to $73 650 by July 7. Of the amount, $35 000 was for rental arrears, Zimra ($5 500), National Social Security Authority ($1 500), Rainbow Hotel ($5 000), TelOne ($17 500), Zesa ($750), medical aid arrears ($2 500), Internet ($1 200), Gwanda rental arrears ($350), and audit fees ($4 500).
As of July 7, Bulawayo Agenda had $1 145, 50 in seven bank accounts with one account holding $9, 12. The net worth of the civic group as of July 7 was $282 019.
A total of eight donor agencies were meant to have poured $354 524 last month, but had reportedly not done so by yesterday.
