Mangudya Suspends Senior RBZ Officials Over Allegations Of Involvement In Foreign Currency Black Market

Reserve Bank of Zimbabwe (RBZ) governor has suspended four senior RBZ officials following allegations of corruption and involvement in the foreign currency black market. The allegations were made by the newly appointed chairman of the communications task force of the Ministry of Finance, Acie Lumumba. We publish the statement in full below:



The Reserve Bank of Zimbabwe (the ”Bank”) wishes to advise members of the public that following allegations of impropriety levelled against senior officials of the Bank, namely Messrs Mirirai Chiremba, Norman Mataruka, Gresharn Muradzikwa and Azvinandawa Saburi, by Mr Lurnumba, the Bank has found it necessary, for the sake of transparency and good corporate governance, that the allegations be followed through and investigated in line with the Bank’s Employment Code of Conduct.

Consequently, on 22 October 2018, the Bank suspended the quartet fromn employment for an indefinite period to pave way for the investigations. Once the investigations have been concluded, the public shall be advised of the outcome and the appropriate corrective action to be taken as dictated by the outcorne of the investigations.

John Panonetsa Mangudya


23 October 2018

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2 comments on “Mangudya Suspends Senior RBZ Officials Over Allegations Of Involvement In Foreign Currency Black Market

  1. Dont be fooled .They are all in it together .Watch this space .Not one of them will do Jail time or pay back a cent.The only thing these ZanuPF guys cant break is Chewing gum

  2. Do you honestly believe that Dr Gono would have suspended Mirirai Chiremba for a trivial worthless loss of a few Zimbabwe Dollars when both Dr Gono and Millicent Mombeshora was involved with an International Money Laundering Syndicate in South Africa and it involved the UN-WFP also being implicated in same syndicate. wake up – The RBZ Financial Intelligence Unit investigates International Money Laundering except when they are the criminals.

    we use this email to expose corruption if only we had the Governors email address it would be more than just 4 Directors

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