NMB secures forex clearing agent


NMB Bank Plc., is a commercial bank in Tanzania, the second-largest economy in the East African Community. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

The effects of the latest developments on NMB Bank -- one of the few indigenous banks to have survived the turmoil that hit the financial services sector due to irregular operations -- could not be immediately ascertained. His system is literally forex stuff you can get on babypips or any basic davis.

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Your child future matters. The funds were taken over a period of time and we will get to the bottom of it. We are working with the police, Interpol and the Reserve Bank," he said.

However, Dr Hatendi acknowledged these developments would not do his bank any good, although he could not elaborate on the immediate effects of the scandal. A shock like this will not help us.

However, we now know about the transactions and the counterpart banks that were used. We hope to recover our money," he said.

The case under investigation first surfaced last month when some officials at the bank detected the irregularities, and alerted senior management. It was unclear how the matter was not detected earlier since such transactions involved a whole chain of people. We wonder what is happening with this bank. Our senior managers never learn. Tine mhuri dzekuchengeta, vakomana, We have families to look after, folks, and we wonder what our future holds," lamented a source in the treasury department, who refused to be named for fear of victimisation.