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:

PRESS STATEMENT SUSPENSION OF SENIOR RESERVE BANK OF ZIMBABWE OFFICIALS PENDING INVESTIGATIONS

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.

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John Panonetsa Mangudya

Governor

23 October 2018