Nagad gets new administrator

The Bangladesh Bank has appointed Md Motasem Billah, director of the central bank's Chattogram office, as the new administrator of Nagad, the digital financial service of the Bangladesh Post Office.  

A notification regarding the appointment was issued by the Human Resources Department of the central bank on Thursday.

Motasem Billah will replace incumbent administrator Muhommad Badiuzzaman Dider, who has been transferred to the BB head office.

BB said it attached Dider with its human resource department, relieving him of his position as administrator of Nagad.

Dider was appointed as Nagad's administrator on August 21 last year amid allegations of irregularities in its operations.

He resigned after being injured by an attack by unidentified miscreants on February 12. The attackers also vandalised his vehicle with hammers, causing injuries to his chauffeur.

On the day Dider came under attack, a team from the Anti-Corruption Commission conducted a drive at Nagad's office.

On February 3, the central bank filed a case against Nagad, alleging fraud, embezzlement, and financial irregularities amounting to Tk 645 crore.

The lawsuit named 24 individuals, including 16 officials of Nagad Ltd and eight officials of the Directorate of Posts.