RBZ Has Been Captured, Mthuli Ncube Needs Help From Security Sector To Fix It – Lumumba

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Newly appointed chairperson of the Ministry of Finance’s Communications Taskforce Acie Lumumba, real name William Mutumanje, has said that Finance Minister Mthuli Ncube needs help from the security sector to clean up the Reserve Bank of Zimbabwe (RBZ). Lumumba claimed that the RBZ is captured and made a number of allegations against some of its directors who he said are major players in the illegal trade of foreign currency. Speaking to NewsDay, Lumumba said that the governor was going to meet with senior officials from the Financial Intelligence Unit (FIU), Central Intelligence Organisation (CIO) and the Zimbabwe Republic Police to track the alleged “economic saboteurs”.

Said Lumumba,

The minister is receiving briefs, yes, and will meet them (security sector) this week. The minister is committed to arresting the situation and the security agencies have narrowed down the source of the criminal activities. It’s clear we have dirty hands collaborating with government officials and it’s only a matter of time now before the government shuts down the aggressive influence of the black market and clean up errant government complicity.

There are directors at RBZ, especially, who are holding industry captive. The corruption at director level of the RBZ is pure poison and there is no single business that doesn’t know that the directors are out of control. RBZ has been captured and the governor will need security sector support to clean that up.

However, in Facebook live video Lumumba absolved RBZ governor John Mangudya of all blame saying that the people who were behind the black market trade were senior directors at the central bank.  President Emmerson Mnangagwa has promised to introduce tough measures to deal with illegal foreign currency traders after citing them as a serious security threat.

More: NewsDay

Mthuli NcubeAcie LumumbaCentral Intelligence Organisation

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

Lumumba William Gerald Mutumanje aka Acie Lumumba is a Zimbabwean politician and media personality. He is a former member of the Zimbabwe African National Union Patriotic Front (ZANU PF). He has been accused of misappropriation of funds and corruption on a number of occasions. In... Read More About Acie Lumumba

The Central Intelligence Organisation otherwise known as the CIO is an arm of the Zimbabwe security sector whose line of work is inherently classified. For a very long time the organisation and its operations have ignited public debate and fueled speculation. Read More About Central Intelligence Organisation

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3 comments

  1. Anonymous Reply

    It’s so obvious something sinister is happening in RBZ. That’s the reason why people are suffering in Zimbabwe. And that is why the country can not take off. Corruption is a disease. All people suffering from it should be quarantined. They are selfish, greedy and have no insight. We need people who build the bridges. Not the ones who demolish.

  2. Anonymous Reply

    All this corruption is the works of the old regime. Shame on you all who are behind destroying our beloved country. Remove all the roosters and replace them with young generation.

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