Kangai fired from NetOne for looting $11 million

Mr Reward Kangai, NetOne chief executive officer, has been fired from duty and could be arrested for allegedly looting US$11 million from the mobile phone service provider through FirstTel Cellular, a company that he owns together with other NetOne executives.

The parastatal's board resolved to fire Mr Kangai after a forensic audit linked him to several underhand performances, including flagrant disregard for procedural airtime distribution and salary payment.

According to media reports, Kangai received marching orders last Friday.

A source said, "The board met on Friday and resolved that Kangai should be dismissed given the amount of corporate malfeasance that was unearthed by the forensic audit."

Mr Kangai was using FirstTel Cellular to market the parastatal's products and it is believed that FirstTel received US$11 million but did not provide the stated services, and Mr Kangai later tried to convince the NetOne board not to pursue the matter.