RBZ begins auditing the ‘Lumumba Four’

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The Reserve Bank of Zimbabwe (RBZ)  has begun the independent internal audit of the four suspended senior officials, inside sources have revealed.
The Reserve Bank of Zimbabwe (RBZ)  has begun the independent internal audit of the four suspended senior officials, inside sources have revealed.

Harare – The Reserve Bank of Zimbabwe (RBZ)  has begun the independent internal audit of the four suspended senior officials, inside sources have revealed.

Four officials, Azvinandawa Saburi, Mirirai Chiremba, Norman Mataruka and Gresham Muradzikwa, were recently  suspended indefinitely, pending an investigation into allegations of corruption raised by politician William Mutumanje (also known as Acie Lumumba).

Sources told this publication that investigations began on Monday this week focusing on the Security department which was under the purview of Muradzikwa as RBZ Head of Security.

In the allegations made by  Lumbumba , he described Muradzikwa as having “more money in his bank account than all of his bosses” and sources interviewed by this publication described him as a “facilitator” for Saburi the Director of Financial Markets.

Lumumba also claimed the quartet was part of a “cartel” headed by an unnamed “Queen Bee” which had been largely responsible for the booming forex black market.

In an interview in The Standard this weekend, RBZ Governor John Mangudya said the investigations were going forward but was adamant the central bank had a history of transparency and was beyond reproach.

“We were always opening our books for them and that is why I am saying this time around we see this issue was raised again.

“Last time, we did do some investigations and they showed us that there was nothing like that and we discussed it with the former Finance minister [Patrick Chinamasa] many times and sometimes gave evidence,” he said.

The audit is expected to be completed in two weeks.