The public protector has launched an investigation into suspended National Housing Finance Corporation NHFC CEO Azola Mayekiso after allegations of governance failures and irregular expenditure at the state housing finance entity.
The probe focuses on claims of an irregular appointment process, failure to disclose business interests and improper conduct during Mayekisos tenure. It also places the former NHFC board chair under scrutiny for alleged operational interference and undue control over the CEO.
According to the complaint, Mayekiso was appointed CEO in March 2023 after being unemployed for three years and allegedly lacked public sector experience. It is further claimed the NHFC adopted remuneration guidelines issued by the department of public enterprises despite being a schedule 3A entity, enabling significant salary increases.
