Former CFO of Ecobank card and electronic banking department Altu Sadie testified before the PIC inquiry on Tuesday.
Why did former PIC CEO Dan Matjila pump billions into a bank a ratings agency had called 'highly speculative'? That's the question being asked at the inquiry into the state asset fund manager.
Courtesy ofThis is according to former CFO of the bank's card and electronic banking department Altu Sadie who appeared before the PIC inquiry."If you look at Mr Daniel Matjila the director fees were $100-000 a year, he also got a nice benefit for $20 000 which he got for two first-class airline tickets. In most cases these get paid to the organisation and to the person", said Sadie.also claims Ecobank manipulated profits.The commission resumes on Wednesday.
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