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Mujuru in court over bond notes
21 Jan 2017 at 04:13hrs | Views
Zimbabwe People First leader Joice Mujuru is back at thes constitutional court in February over bond notes saga.
The Constitutional Court okayed Mujuru's application challenging the Presidential decree that introduced bond notes.
Bond notes were introduced in $2 and $5 denominations would follow in March before the gradual rolling out of the $10 and $20 notes. The first phase of the bond notes introduction saw $75 million being released by end of last month.
According to reports, Mujuru's legal team fronted by Professor Lovemore Madhuku, filed their heads of argument at the Constitutional Court.
Last September, the apex court threw out Dr Mujuru's request to nullify the executive decree saying the challenge was premature and speculative because the disputed currency was not yet in circulation.
Two months later, in November, Dr Mujuru went back to the Constitutional Court to contest the legality of a Presidential decree providing a legal framework for the introduction of bond notes as legal tender in a fresh case.
She listed President Mugabe, Parliament, Finance and Economic Development Minister Patrick Chinamasa, Reserve Bank of Zimbabwe Governor Dr John Mangudya and Attorney-General Advocate Prince Machaya as respondents.
She wants an order declaring that President Mugabe, by exercising Parliament's primary law-making power through Statutory Instrument 133 of 2016, failed to fulfil his constitutional obligations to obey certain provisions of the Constitution.
The Constitutional Court okayed Mujuru's application challenging the Presidential decree that introduced bond notes.
Bond notes were introduced in $2 and $5 denominations would follow in March before the gradual rolling out of the $10 and $20 notes. The first phase of the bond notes introduction saw $75 million being released by end of last month.
According to reports, Mujuru's legal team fronted by Professor Lovemore Madhuku, filed their heads of argument at the Constitutional Court.
Last September, the apex court threw out Dr Mujuru's request to nullify the executive decree saying the challenge was premature and speculative because the disputed currency was not yet in circulation.
Two months later, in November, Dr Mujuru went back to the Constitutional Court to contest the legality of a Presidential decree providing a legal framework for the introduction of bond notes as legal tender in a fresh case.
She listed President Mugabe, Parliament, Finance and Economic Development Minister Patrick Chinamasa, Reserve Bank of Zimbabwe Governor Dr John Mangudya and Attorney-General Advocate Prince Machaya as respondents.
She wants an order declaring that President Mugabe, by exercising Parliament's primary law-making power through Statutory Instrument 133 of 2016, failed to fulfil his constitutional obligations to obey certain provisions of the Constitution.
Source - Byo24News
