Zimbabwe: Central bank suspends top managers

Zimbabwe’s central bank on Monday suspended four directors indefinitely following corruption allegations levelled against them on social media.

Political activist Acie Lumumba posted a live Facebook feed on Sunday night alleging that the four were part of a ring in the Reserve Bank of Zimbabwe (BZ) that was involved in illegal foreign currency peddling and gold exports.


Lumumba had only three days earlier been appointed spokesperson for a communications taskforce in the Ministry of Finance and Economic Development.


In a statement published Tuesday, RBZ governor John Mangudya said he had indefinitely suspended the four senior managers to allow room for investigations.


“The RBZ wishes to advise members of the public that following allegations of impropriety leveled against senior officials of the bank namely, Messrs Mirirai Chiremba, Norman Mataruka, Gresham Muradzikwa and Azvinandaa Saburi, by Mr Lumumba, 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.”


Subscribe to The New Times E-Paper

You want to chat directly with us? Send us a message on WhatsApp at +250 788 310 999    


Follow The New Times on Google News