Mangudya updates the nation on RBZ suspensions

The Reserve Bank of Zimbabwe Board of Directors has directed its Audit and Oversight Committee to urgently look into the issue of the four senior directors who were suspended at the central bank after allegations of corruption and involvement in the foreign currency black market.

The RBZ Governor Dr John Panonetsa Mangudya released an update on the issue today.

The allegations were made by former Finance Ministry Communications Taskforce Chairperson Acie Lumumba before he was fired.

Below is the full statement from the Reserve Bank of Zimbabwe:

SUSPENSION OF SENIOR RESERVE BANK OF ZIMBABWE OFFICIALS PENDING INVESTIGATIONS

Further to the Press Statement issued on 23 October 2015, the Reserve Bank of Zimbabwe (the "Bank") wishes to advise members of the public that the Bank's Board of Directors is seized with the matter and has directed its Audit and Oversight Committee to urgently look into the issue.

The Committee has been tasked to immediately work in conjunction with internal auditors and other stakeholders to investigate the matter.

Upon conclusion of the investigation, the public will be apprised of the outcome in the interest of transparency and good governance.

John Panonetsa Mangudya
25 October 2018