The National Oil Company of Malawi (Nocma) chief executive officer (CEO) Gift Dulla and director of finance (DoF) Richard Milanzi have been suspended amidst investigations of alleged financial and procurement mismanagement at the entity.

According to a memo to Nocma staff, the company’s human resource and administration manager said Dulla and Milanzie were suspended pending disciplinary proceedings.

Amidst the suspension, the Nocma board has appointed deputy CEO Hellen Buluma as acting CEO with Dingiswayo Sambo as acting DoF.