RBZ Governor Mangudya SUSPENDS 4 Managers Fingered In Illicit Forex Deals

Reserve Bank Governor John Mangudya has with immediate effect suspended four of his senior Managers for impropriety after they were last night fingered by garrulous politician Acie Lumumba, who is now the new face of a ‘special task-force’ in the Ministry of Finance.

The managers are  Norman Mataruka, Gresham Muradzikwa, Mirirai Chiremba,and Azvinandawa Saburi.

In a Facebook live video last night, Acie Lumumba, claimed that a cabal of senior officials was running a foreign currency cartel at the apex bank.

Below is the full statement by RBZ…..

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, Gresham Muradzikwa and Azvinandawa 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.

Consequently, on 22 October, the Bank suspended the quartet from 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 outcome of the investigations.

John Panonetsa Mangudya


23 October


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