RBZ Suspends 4 Officials After Acie Lumumba Acuses Them Of Forex Trading Scandal On Social Media


It seems the naming and shaming is quickly becoming a go-to tactic whenever the government wants to do something. The Finance Minister Mthuli Ncube made an infamous appointment of ‘Acie Lumumba’ as part of his Communications Taskforce and it seems the wheels are turning.

Following Lumumba’s Twitter rant which was meant to ‘out’ some of the popular forex dealers, the RBZ seems to have been incited into action. The RBZ has now announced that it will be suspending four senior officials pending investigations:

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

Ironically enough, just last week the Finance Minister did not believe the RBZ was involved in money changing but now his newly-appointed mouth-piece believes otherwise… I’m not entirely sure what to make of this as these are (as stated in the press release) allegations. If you’re a fan of these juicy and dramatic-type stories then following Acie Lumumba on Twitter might be a good idea as he promised to drop more bombshells tonight.

Also read, The President Will Soon Name And Shame Individuals And Companies Spreading Fake News

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

You might also like

ZERA introduces e-licenses for the petroleum sector

Android users beware there is malware spreading via WhatsApp messages

Video: Young African and Aspiring – Nyeleti Furumele founder of #BossGirl

Technikari Special: AfriBlocks co-founder Tongayi Choto joins us to talk about Techstars 2021